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STI ETF
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.
The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective third party suppliers. ICE DATA OR ITS 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.
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: Nikko Asset Management Asia Limited as of 30 September 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.
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.
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.
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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
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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
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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
WAYS TO INVEST
Trade through your stock broker
on the Singapore Exchange (SGX) using:
- Cash
- CPF
- Supplementary Retirement Scheme (SRS)
Regular Savings Plan (RSP)
Invest in the ETF on a regular basis with:
(*transaction fees or charges may apply with the respective parties below)
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