Singapore’s UOB Asset Management has listed what it says is the first green real estate investment trust exchange-traded fund investing in Asia Pacific property trusts.
The UOB Asia Pacific Green REIT ETF invests in dividend-yielding property trusts across the region, the asset manager says in a statement on November 23, when the fund was listed on the Singapore Exchange.
It says office space across Asia Pacific is expected to expand to 1.35 billion square feet by 2030 driven by a growing workforce, and that a green office design is one of the top three considerations for occupants, with seven in ten willing to pay higher rentals for them.
This, the asset manager says, “presents immense growth opportunities for real estate companies focused on sustainable buildings and properties”.
The company is “helping investors buy into quality green REITs that will strengthen over time and also receive stable and regular income”, according to Chief Executive Officer Thio Boon Kiat.
“We believe there is no better time to be part of the green wave sweeping across the region’s real estate industry,” he says in the statement.
UOB Asset Management had S$37.9 billion (US$25.89 billion) of assets under management as of end-August.