THE state-run Social Security System (SSS) expressed optimism that they will be able to boost their P6-billion investment for the real estate investment trusts (REITs) this year, amid the possible rate cut that may be imposed come during the second half of the year.
SSS president and chief executive officer Rolando Macasaet, this is among the top contributors to this year’s investment income due to higher dividend yields.
Also driving the optimism is the possible rate cut later this year, with the central bank hinting of policy easing as early as August as inflation is now expected to come in slower than earlier anticipated.
The SSS currently invests 5% of its equity funds in REITs, and the agency looks to further increase on opportunities.