Lendlease Global Commercial REIT Joins MSCI Singapore Small Cap Index
May 18, 2020 — Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“LREIT”), is pleased to announce that LREIT will be included in the MSCI Singapore Small Cap Index after market trading closes on 29 May 2020.
The inclusion comes seven months following the listing of LREIT on the Mainboard of the Singapore Exchange Securities Trading Limited.
Mr Kelvin Chow, Chief Executive Officer of the Manager, said, “We are delighted to celebrate this significant milestone for LREIT to be included in the MSCI Singapore index. Being part of the benchmark index is an important leap for us to reach out to a larger pool of investors and raise LREIT’s profile in the international investment community.”
“Inclusion into the index will enhance our trading liquidity and also signifies a mark of confidence as we continue to focus on delivering a stable portfolio of assets for our investors,” he added.
Based on the MSCI Global Investable Market Indexes Methodology, which has a strong emphasis on index liquidity, investability and replicability, the MSCI Singapore Small Cap Index is designed to measure the performance of the small cap segment of the Singapore market. With 51 constituents as at 30 April 2020, the index represents approximately 14% of the free float-adjusted market capitalisation of the Singapore equity universe