McGrath: Interest rate rise is positive in the longer term

06/20/2013 | CNBC

Singapore REITs have taken a beating since Federal Reserve Bank Chairman Ben Bernanke began indicating interest rates would rise, acknowledges Nick McGrath, CEO of AIMS AMP Capital Industrial REIT. "In the short term there is a lot of volatility in the market." However, he says, he sees interest rate movement as a positive in the longer term because it signals an improving economy.

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