Nikko AM Singapore STI ETF

NAV

as of {{dateFormat nav.nav_date "j F Y"}}
S$
{{numberFormat (M:round nav.nav 6) 6}}
 

FUND SIZE

as of {{dateFormat aum.nav_date "j F Y"}}
S$
{{numberFormat (M:round (div aum.aum 1000000) 2) 2}}
MILLION

The Intraday NAV of the ETF (updated every 15 seconds during the market hours) as shown above (the "data") are provided by ICE Data Indices, see ICE Terms of Use, and is updated during SGX trading hours. Powered by Factset. The Intraday NAV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

DOWNLOADS

OVERVIEW

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 capitalisation listed on the Singapore Exchange.

This fund is suitable for

Investors who want the familiarity of investing in Singapore blue-chip companies.

Investors looking for a low cost and simple way to get exposure to the Singapore stock market.

Investors who don’t have time or resources to perform individual stock picking or company research.

PERFORMANCE

Fund Performance (SGD)

Source: Bloomberg, FTSE & Nikko Asset Management Asia Limited as of 31 May 2018
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.
^Benchmark returns are calculated on a total return basis.

FUND DETAILS


*Distributions are not guaranteed and are at the absolute discretion of the Manager.
^Usual brokerage and handling charges to apply. Please refer to the Fund Prospectus for complete information on the Fund, relevant disclosures and fees payable.
#Management Fee and Trustee Fee are included in the calculation of Total Expense Ratio.

FUND NAV

ABOUT THE INDEX - STI

The STI is a market value weighted index comprising the top 30 main-board listed companies based on their market capitalisation on the Singapore Exchange (SGX-ST). The Index is calculated by FTSE, in partnership with Singapore Press Holdings and Singapore Exchange. The STI is widely followed by investors as the benchmark for the Singapore equities market.

A liquidity review of the Index constituents is conducted semi-annually in March and September by the index provider. In addition, a constituent review, free float review and share in issue review of the Index constituents are conducted quarterly in March, June, September and December by the index provider.

For more information on the description of the index methodology and the latest information relating to the Index, please refer to http://www.ftse.com/products/indices/SGX-ST.

  1. Good proxy to Singapore economy

    Comprising of the top 30 largest and most liquid companies listed on the Singapore Exchange, the Index is a good proxy of the Singapore economy.

    Singapore consistently outranks the world as one of the cities with best investment potential. In its BERI Report 2016-I (April 2016), US-based research institute Business Environment Risk Intelligence (BERI) ranked Singapore first out of 50 major investment destinations in a ranking that assesses operations, politics and foreign exchange. With no restrictions on the repatriation of profits and the import of capital, along with the most favourable operating conditions and strong diplomatic ties, Singapore’s stable political and economic climate creates an ideal environment to invest in1.

    1 https://www.edb.gov.sg/content/edb/en/why-singapore/about-singapore/facts-and-rankings/rankings.html

  2. Diversified portfolio

    The Index is also a well-diversified benchmark. Apart from a balance of different sectors within the Index, there is also a mix of companies that are both domestic and regionally focused. In recent financial years, as much as 46% of the revenue associated with the STI was reported to have derived from the Asia Pacifc region outside of Singapore2.

    2 http://www.businesstimes.com.sg/magazines/inside-invest-aug-2017/straits-times-index-5-must-know-facts

  3. Attractive dividend yield

    Compared to an average of 2.5% for the FTSE indices of China, Japan, India, Hong Kong, Indonesia, Malaysia and Thailand, the Index, with a dividend yield of 3.1% (as of 31 October 2017)3 has one of the highest dividend yields across Asia.

    3 http://www.ftse.com/Analytics/FactSheets/temp/ec24886c-dbf6-452f-93a6-79590906b501.pdf

FAQ

The Nikko AM Singapore STI ETF is an exchange traded fund that replicates, as closely as possible, the performance of the Straits Times Index (STI), by substantially investing its assets in the constituent stocks of the STI in the same weightings as reflected in the STI.

The STI is a market value weighted index comprising the top 30 main-board listed companies based on their market capitalisation on the Singapore Exchange (SGX-ST). The Index is calculated by FTSE, in partnership with Singapore Press Holdings and Singapore Exchange. The STI is widely followed by investors as the benchmark for the Singapore equities market.

The Nikko AM Singapore STI ETF can be traded in a lot size of 100 units. The smaller lot size means that investors can better customise the investment amount according to their own investment requirements. In addition, Nikko AM aims to work closely with our market makers to offer tight bid-ask on our ETFs so that transaction costs are minimised for our investors.

The Fund aims to pay twice yearly distributions on Units from dividends received from the underlying shares. The ability of the Fund to pay distributions on the Units is dependent on the dividends declared and paid by the companies whose shares are held by the Fund and the level of fees and expenses payable by the Fund.

The Net Asset Value (NAV) reflects the value of Nikko AM Singapore STI ETF’s assets. It is calculated on a per Unit basis by dividing the total Net Asset Value of Nikko AM Singapore STI ETF by the number of Units outstanding.

The NAV of Nikko AM Singapore STI ETF will be calculated after the close of trading on SGX-ST at the end of each dealing day. The NAV price will be published on the 2nd business day after the relevant dealing day.

The latest factsheet and prospectus for the STI ETF are available on the Fund Documents Downloads on top of the page.

Investors may also call our Hotline at 1800 535 8025 (Nikko Asset Management Asia Limited).

Investors can obtain more information on our ETFs at www.nikkoam.com.sg/etf.

Presently, the Fund is included under the CPFIS - Ordinary Account and has been classified by the CPF Board under the Low to Medium Risk - Narrowly Focused - Country Singapore. The Fund is included under SRS.

No. Unlike a listed company, this Fund will not have any unitholders' meeting. Under very special circumstances, the Fund will call for an Extraordinary Resolution if there is a need to:

  • Modify or alter the provisions contained in the Trust Deed.
  • Increase maximum management and trustee fee.
  • Permit other types of fees.
  • Terminate the fund.

Please note that the reasons to call for an Extraordinary Resolution are not limited to the reasons stated above.

The price of the ETF is market driven but in general it should be close to the NAV of the Fund which is published daily.

The product is listed on the Singapore Exchange and is traded like any stock.

For investors who wish to buy 50,000 units or more, you may also subscribe through our participating dealers at the NAV of the ETF.

Please click here for more information on ways to invest.

Your Guide to Investing in ETFs

Invest with Us

For more information on investing with Nikko Asset Management, please check below: