The Nikko AM Singapore STI ETF is an exchange traded fund with the investment objective of replicating as closely as possible, before expenses, the performance of the Straits Times Index (STI).
The STI is a stock market index that comprises the top 30 companies ranked by market capitalization listed on the Singapore Exchange.
As of 21 July 2016
As of 31 May 2016
The intraday NAV is provided on a delayed basis and should not be viewed as the official NAV. The intraday NAV is provided for reference purposes only and may differ from the official NAV calculated in accordance with the Prospectus. Please refer to the official NAV on our website available at the end of each dealing day.
This Fund is Suitable for...
*Dividend distribution is not guaranteed and is subject to the discretion of Nikko AM Asia.
As the Fund is traded like a stock on the Singapore Exchange, you will have immediate access to prices and trading. Investors may wish to contact their respective brokers or use their online trading account to invest in the Fund.
Investors may also seek to invest in the Fund with any of our participating dealers which include DBS Vickers Securities Pte Ltd; Societe Generale Bank & Trust (Hong Kong); Flow Traders Asia Pte Ltd; Commerzbank AG (Hong Kong); BNP Paribas Securities Services and Phillip Securities.
Ways to invest in the fund:
- Supplementary Retirement Scheme (SRS)
- Regular Savings Plan with POSB (in cash only) or OCBC (Cash/SRS) or Maybank Kim Eng (in cash only)
*The fund is included under the CPFIS - Ordinary Account and has been classified by the CPF Board under the Higher Risk - Narrowly Focused - Country Singapore.
BenchmarkStraits Times Index
Inception Date24 February 2009
Fund StructureOpen-ended Listed Unit Trust, with Exchange Tracker Fund feature
Lot Structure100 units per lot
Expense Ratio0.35% (Audited as of financial year ended 30 June 2015)
Dividend Distribution Frequency*Dividends (if any) would be paid semi-annually
Governing AuthorityMonetary Authority of Singapore
ManagerNikko Asset Management Asia Limited
TrusteeHSBC Institutional Trust Services (Singapore) Limited
Fund AuditorPricewaterhouseCoopers LLP (Singapore)
Designated Market MakersCommerzbank AG (Hong Kong), BNP Paribas Arbitrage SNC
SGX Stock CodeG3B
ISIN Stock CodeSG1X52941694
SGX Trading NameNIKKO AM STI ETF
Bloomberg TickerDBSSTI SP
*Dividend distribution is not guaranteed and is subject to the discretion of Nikko AM Asia.Fund NAV
Fund NAV^S$ 3.003900 (as of 21 July 2016)
Fund SizeS$ 120.16 million (as of 31 May 2016)
Outstanding Units44,746,400.00000 (as of 21 July 2016)
Initial issue Price**S$1.62
^Fund NAV is indicative only, any rates quoted are subject to change without prior notice.
**Any excess monies arising from valid applications for the IPO were credited back to the investors' accounts. Monies from invalid applications for the IPO were refunded in full, less the S$2 ATM subscription fee.
Management Fees~0.20% p.a
Trustee Fees~Up to 0.045% p.a (subject to minimum charge)
Usual brokerage and handling charges to apply
~Please refer to the Fund Prospectus for complete information on the Fund, relevant disclosures and fees payable.
- Return (%)
- Since Inception
- Nikko AM Singapore STI ETF
- Benchmark – Straits Times Index
- 3-Year Annualised Tracking Error
Source: © 2016 Morningstar. All Rights Reserved., Bloomberg & Nikko Asset Management Asia Limited as of 31 May 2016
Returns are calculated on a NAV-NAV basis and assuming all dividends and distributions are reinvested, if any. Returns for period in excess of 1 year are annualised. Past performance is not indicative of future performance.
Trade Existing Units
Investors can trade existing units in the Fund (in board lots of 100 units) with cash in the same way as they buy or sell stocks on the Singapore Exchange through their stock broker. Institutional investors can consult their market makers to buy or sell existing units.
Cash Subscription of New Units*
For subscription of new units in the Fund, investors need to go through the authorised participating dealers and a minimum of 100,000 units is required.
In-kind Subscription of New Units
To create new units by subscribing for in-kind units, investors must approach a participating dealer and a minimum of 500,000 units is required
Market makers are appointed to put up bid and offer prices on the Exchange by using the NAV of the Fund as a reference.
Fees & Charges
Usual brokerage and clearing fees apply.
For Market Professionals & Institutional Investors
Please consult participating dealers on how to buy and sell the Fund for new units and in-kind subscription.
Find out more about the daily indicative basket of the Nikko AM Singapore STI ETF.
*Subscription for and/or redemption of new units for cash is applicable for a minimum of 100,000 units (or multiples thereof) through participating dealers on any Cash Dealing Day. Such subscription and redemption of Units must be made via the participating dealers. Please refer to the prospectus for additional terms that apply for application through participating dealers.