InvITs flounder on tepid returns
Investment trusts or InvIts or Real Estate Investment Trusts REITs, are a pool of assets comprising infrastructure like power grids and commercial property that fetch regular income to investors.
Synopsis
Brookfield Real Estate Investment Trust which listed recently is down nearly 10 percent and others have provided tepid returns since these instruments came into vogue four years ago after nearly a decade of back and forth between the regulator and the industry.
MUMBAI: Investment trusts are finding few takers as yields on these debt-like instruments barely match the risks associated with them when compared with risk free returns from government or triple A rated bonds.