*Effective 1 September 2025, Nikko Asset Management is changing name to Amova Asset Management. For more information on name change, please visit: https://www.nikkoam.com.sg/press-releases/240905_01
Introducing the Amova MSCI AC Asia ex Japan ex China Index ETF
Table 1: Key information about the ETF
|
ETF Details |
|
|
Underlying Index |
MSCI AC Asia ex Japan ex China Index |
|
Base Currency |
SGD |
|
Trading Currency |
Primary
currency: SGD |
|
SGX Code |
A93 (SGD), A94 (USD) |
|
Initial Offer Period |
17 to 21 March 2025 |
|
Listing Date |
2 April 2025 |
|
Number of Holdings |
~ 150 |
|
Trading Board Lot Size |
1 unit |
|
Management Fee |
0.50% per annum |
|
Source: Nikko Asset Management. Data as of 31 January 2025 |
|
1. What key countries or regions will the AEJCS ETF allocate to, and why should investors be keen on these markets?
2. What is the rationale behind excluding both Japan and China in the Amova AEJCS ETF?
3. How has the MSCI AC Asia ex Japan ex China Index performed compared to its broader Asia and Asia ex-Japan peers in terms of both returns and risk?
*The figures are the average annualised 5-year rolling return & 5-year rolling volatility respectively. Dataset used is 10 years (from Jan 2014-Dec 2024). Source: MSCI. Past performance is not necessarily indicative of future performance. Performance of an index is not exactly the same as that of corresponding ETF. Index performance does not factor in any fee or cost of an ETF.
^ Volatility represents how greatly an asset’s prices swing around the mean price
**Source: MSCI, as of 31 Dec 2024
4. What are the ETF's key sector allocations and largest holdings?
The ETF will be most exposed to the tech, financials, and consumer sectors.
The largest holdings in the ETF is expected to be tech and IT services companies like TSMC, Samsung Electronics, Infosys, Hon Hai, Mediatek and Hynix, as well as financial firms like HDFC Bank, AIA and ICICI Bank.
5. TSMC or Taiwan Semiconductor makes up 18.2% of the ETF as of 31 Jan 2025. What is the outlook for this company?
Disclaimer: Reference to any particular security is purely for illustrative purpose only and does not constitute a recommendation to buy, sell or hold any security nor to be relied upon as financial advice in any way.
6. What methodology will the Amova AEJCS ETF employ to track the performance of its benchmark Index?
*Tracking error is the difference between the NAV of the ETF and its benchmark. It indicates how closely a portfolio follows its benchmark.
7. Is the Amova AEJCS ETF the first of its kind?
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