PETALING JAYA: The potential exclusion of Malaysia from the FTSE Russell’s World Government Bond Index (WGBI) is momentarily negative on the Malaysian real estate investment trust (REIT) sector, said Maybank IB Research.
This is premised on an anticipated increase in government bond yields, which may see investors switching from Malaysian REITs due to expectations that the net yield spread will be sustained at about 100 to 200 basis points.
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