Nikko AM Singapore
The IntraDay NAV calculations shown are provided by ICE Data Indices, LLC are updated during SGX trading hours. Powered by FactSet. IntraDay NAV calculations are indicative and for reference purposes only.
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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.
Fund Performance (SGD)
|Return (%)||3 Mths||6 Mths||1 Yr||3 Yrs||5 Yrs||Since Inception|
|3-Year Annualised Tracking Error||0.15%|
|3-Year Annualised Tracking Error0.15%|
Source: Nikko Asset Management Asia Limited as of 31 July 2021.
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||Straits Times Index, in total return|
|Listing Date||24 February 2009|
|Fund Structure||Open-ended Listed Unit Trust traded on Singapore Exchange|
|Lot Structure||10 units per lot|
|Dividend Distribution Frequency*||Semi-Annually at discretion of Manager|
|Manager||Nikko Asset Management Asia Limited|
|Trustee||HSBC Institutional Trust Services (Singapore) Limited|
|Fund Auditor||PricewaterhouseCoopers LLP (Singapore)|
|Designated Market Makers||Flow Traders Asia Pte Ltd, Societe Generale, Phillip Securities Pte. Ltd, Grasshopper Pte. Ltd.|
|Management Fee^||0.20% p.a.|
|Trustee Fee^||Up to 0.045% p.a.|
|Total Expense Ratio#||0.30% p.a. (Audited as of financial period ended 30 June 2020)|
|SGX Stock Code||G3B|
|ISIN Stock Code||SG1X52941694|
|SGX Trading Name||NIKKO AM STI ETF|
|Bloomberg Ticker||DBSSTI SP|
|Straits Times Index, in total return|
|24 February 2009|
|Open-ended Listed Unit Trust traded on Singapore Exchange feature|
|10 units per lot|
|Dividend Distribution Frequency*|
|Distributions (if any) would be paid semi-annually at the Manager’s discretion.|
|Nikko Asset Management Asia Limited|
|HSBC Institutional Trust Services (Singapore)Limited|
|PricewaterhouseCoopers LLP (Singapore)|
|Designated Market Makers|
|Flow Traders Asia Pte Ltd, Societe Generale, |
Phillip Securities Pte. Ltd, Grasshopper Pte. Ltd.
|Up to 0.045% p.a.|
|Total Expense Ratio#|
|0.30% p.a. (Audited as of financial period ended 30 June 2020)|
|SGX Stock Code|
|ISIN Stock Code|
|SGX Trading Name|
|NIKKO AM STI ETF|
*Distributions are not guaranteed and are at the absolute discretion of the
^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.
ABOUT THE INDEX - Straits Times Index
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.
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.
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.
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.
WAYS TO INVEST
Trade through your stock broker
on the Singapore Exchange (SGX) using:
- Supplementary Retirement Scheme (SRS)
Direct Subscription through Participating Dealers (for subscriptions of 50,000 units and above)
Subscribe directly to the ETF through any of our participating dealers, subject to minimum unit requirements stated below.
Cash Subscription of New Units
For subscription of new units in the ETF using the cash option, investors need to go through an authorised participating dealer and a minimum of 50,000 units is required.
In-kind Subscription of New Units
For subscription of new units in the ETF using the in-kind option, investors need to go through an authorised participating dealer and a minimum of 500,000 units or multiples of 500,000 is required.
List of Participating Dealers
For more information, please feel free to contact our ETF specialists:
How to invest in ETFs using SRS
Purchase our ETF through a brokerage firm
Provide your SRS account number to your brokerage firm to deduct funds for the investment
Supplementary Retirement Scheme (SRS) is a voluntary savings scheme to encourage individuals to save for retirement while reducing taxable income.
Savings sitting idle in an SRS account only receive 0.05% per annum - that's just 50 cents per $1000. By investing your SRS savings in our ETFs, investors can make their money work harder and potentially make better returns. Please note that capital is non-guaranteed and the value of investment in our ETFs may fall or rise.
The SRS offers attractive tax benefits. Contributions to SRS are eligible for tax relief. Investment returns are accumulated tax-free and only 50% of the withdrawals from SRS are taxable from statutory retirement age onwards. Withdrawals may be spread over a period of up to 10 years to meet financial needs. Spreading out withdrawals will generally result in greater tax savings. With careful planning, a retiree who is likely to have a low marginal tax rate, may end up paying little or no tax on his SRS withdrawals.
Please note: SRS contributions are subject to a cap on personal income tax relief of $80,000 per Year of Assessment. As SRS contributions made cannot be refunded, SRS members who make SRS contributions should evaluate whether they would benefit from tax relief on their SRS contributions, and make an informed decision accordingly. Any withdrawal from a SRS account before statutory retirement age will be subject to tax for the entire sum withdrawn, and a 5% penalty will also be imposed unless in exceptional circumstances such as death or on medical grounds.
There are other applicable terms & conditions. To learn more about SRS, visit: