The Utilities ETF have been correcting since start of May
The traditionally high yielding REIT ETF since 20th have been correcting
So is the high yielding Telecom ETF
The best guess of this is that the recent climb is a search for a yield haven and a recent fear of interest hike scare the shit out of them.
Asset class becomes competing when pear against low risk treasury.
- Singapore Savings Bonds SSB November 2023 Yield Bashes Higher to 3.32% (SBNOV23 GX23110V) - October 2, 2023
- How to Inflation-Adjust Your CPF LIFE Basic or Standard Plans - October 2, 2023
- Historic Bond Move Has Killed This Crazy Portfolio Strategy (for now…) - September 30, 2023