
Why invest in the Lion-Nomura Japan Active ETF?
Gain access to Japan’s awakening
Japan’s stock market has awoken from its slumber, with the Tokyo Stock Price Index (TOPIX) reaching a 33-year high in 2023. Japan’s long long-term growth story is now favourably shaped by structural catalysts like corporate governance reforms and inflation. As these catalysts take time to be priced in, Japan is still at an attractive entry point now.
Use the power of AI and active management to select quality Japanese stocks
The proprietary AI models evaluate hundreds of factors to assign scores to each stock in the investable universe. The investment team (consisting of both Lion Global Investors and Nomura Asset Management) then selects and assign weights to the stocks based on their AI model scores. The result is a final portfolio of 50 to 100 quality Japanese stocks.
Tap on the deep expertise of Lion Global Investors and Nomura Asset Management
We combine our strengths to bring you the Lion-Nomura Japan Active ETF, which is both Singapore’s first actively managed ETF and Singapore’s first AI-powered ETF.
Key ETF Information
|
Index |
Tokyo Stock Price Index (TOPIX) |
|||||||||||||||||||||||||||||||||
|
Number of holdings |
Focus on 50 to 100 Japanese companies |
|||||||||||||||||||||||||||||||||
|
Dividend Distribution |
Nil |
|||||||||||||||||||||||||||||||||
|
Investment Objective |
The investment objective of the Fund is to achieve long-term capital growth through investment in an actively managed portfolio of Japanese equity securities, diversified across sectors and market capitalisation. |
|||||||||||||||||||||||||||||||||
|
Reference Benchmark’s characteristics (Source: Japan Exchange Group as of November 2023) |
Unlike a passive ETF which aims to track the constituent securities of an index, an actively managed ETF does not and investors will only know of the Fund’s actual holdings when the Portfolio Holdings is released by the Manager on its website each month (“Monthly Portfolio Holdings”).
|
|||||||||||||||||||||||||||||||||
|
Manager / Trustee |
Managers: Lion Global Investors Limited Investment Advisor: Nomura Asset Management Co., Ltd. Trustee: HSBC Institutional Trust Services (Singapore) Limited |
|
Fees and Charges Payable by the Sub-Fund |
|
|
Management Fee |
Currently 0.70% per annum of the Net Asset Value of the Fund. Maximum 0.99% per annum of the Net Asset Value of the Fund. The Manager’s fee is retained by the Manager as the Manager does not pay any trailer fees with respect to the Fund. |
|
Trustee fee |
Currently 0.02% p.a. on the first JPY 10.524 billion of the net asset value of the Fund and 0.018% p.a. (or any lower rate agreed with the Trustee) on the balance above JPY 10.524 billion of the net asset value of the Fund, Maximum 0.15% p.a. Subject to a minimum of JPY 789,300 p.a. |
|
Audit fee, custodian fee, transaction costs and other fees and charges |
The Custodian Fee payable is subject to agreement between the Manager and the Custodian and may exceed 0.10% of the Net Asset Value of the Fund depending on, amongst others, the size of the Fund Other fees and charges include fund administration and valuation fees, legal fees, audit fees, transaction fees, accounting fees, licensing fees, transaction processing and cash processing fees. Such fees and charges are subject to agreement with the relevant parties and may amount to or exceed 0.10% of the Net Asset Value of the Fund, depending on the proportion each fee or charge bears to the Net Asset Value of the Fund. |
ETF Listing and Trading Information
|
Listing Date |
31 January 2024 on the Singapore Exchange |
|
Board Lot Size |
1 share |
|
SGX Trading Name & Stock Code |
A Lion-Nomura Japan S$ (JJJ) |
|
Traded Currency |
SGD and USD |
Application Information
|
IOP Open Date |
5 January 2024 |
|
IOP Application using Auto-Sweep Close Date |
24 January 2024 12.00pm |
|
IOP Application Close Date |
25 January 2024 11.30am |
|
Minimum Application size |
1,000 units and in multiples of 1,000 units |
|
Subscription Price A Lion-Nomura Japan S$ (JJJ) |
SGD 1.00 per unit[1] |
How to Buy
1. Clients to fund their Multi-Currency Cash Account for the total subscription amount including the processing fees and GST of 9%.
2. Login to FSMOne.com and proceed to subscribe online:
· Select Live Trading > Stocks & ETFs > IPOs/Placements
· Indicate your quantity of shares and select the payment method
· Read and acknowledge the declaration
· Key in password and click submit
3. Upon the completion of the IOP subscription, clients will receive an acknowledgment email regarding the IOP subscription order.
4. Upon the completion of the allocation, we will notify clients of the final allocation results.
5. FSMOne will send clients a subscription confirmation email once the details are confirmed by our dealers.
6. The allotment for this issue will be in full, subject to receipt and clearance of subscription monies. There will be no balloting.
Other important notes:
· IOP subscription fee: 0.08% + GST on the subscription amount
· Please note that after confirming your order placement (with the investment amount in Cash Account), your subscription / application cannot be cancelled.
Terms and Conditions:
1. This offering is open from 5 January 2024 to 25 January 2024. To be eligible, orders must be placed before 11.30am on 25 Jan 2024 for Cash Account subscription. To subscribe for the ETF IOP using monies in the Auto-Sweep Account, orders must be placed before 12:00pm on 24 Jan 2024.
2. The subscription must meet the minimum investment amount as set out above.
3. CPFIS-OA, CPFIS-SA, SRS and RSP transactions are not eligible.
4. iFAST reserves the right to amend the Terms and Conditions without prior notification. All matters and disputes will be subject to the final decision of the company.
If you have any questions, please contact our client service hotline at +65 6557 2853.
[1] The Issue Price of each Unit during the Initial Offer Period is S$1.000 (for SGD Class Units) (or such other amount as may be determined by us from time to time with the prior approval of the Trustee).
