Nikko AM ASEAN Equity Fund - USD Class A

ISIN: SG9999014492
Bloomberg Ticker: NAAEAUS SP


Investment Objective

The investment objective of the Fund is to achieve medium to long-term capital appreciation by investing primarily in the equities of corporations listed on any Recognised Stock Exchange* in any part of the world and which carry on significant business in, or whose operations are in, or which derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from, countries which are members of ASEAN (Association of Southeast Asian Nations). The investments of the Fund will be broadly diversified with no specific industry or sectoral emphasis but the Fund may not invest more than 5% of its net assets in aggregate into collective investment schemes (excluding any collective investment scheme which is listed and traded on any exchange) and not more than 10% of its net assets in aggregate into participatory notes.

* "Recognised Stock Exchange" means subject to the provisions of the Code, any stock exchange or over the counter market, any futures exchange and any organised securities market which is open to the public and on which securities are regularly traded, being in each case an exchange or market in any part of the world (including SGX-ST and Catalist) and in relation to any particular Investment includes any responsible firm, corporation or association in any country in the world so dealing in the Investment as to be expected generally to provide, in the opinion of the Managers, a satisfactory market for the Investment and is approved by the Trustee and in such case the Investment shall be deemed to be the subject of an effective permission to deal or be dealt in on the market deemed to be constituted by such firm, corporation or association.

Fund Details

Up to 5.00%
1.50% p.a.
MSCI AC ASEAN Index (Net total return)^
USD 1,000
USD 100

^ With effect from January 2017, the benchmark MSCI South East Asia Index hasbeen renamed as MSCI AC ASEAN Index.


USD Class A Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV 0.73 0.24 -3.52 -2.92 0.95 2.68
NAV-NAV (with charges1) -4.30 -4.77 -8.34 -4.57 -0.08 2.02
Benchmark -0.44 3.50 -2.68 -1.43 -1.53 1.38
Source: Nikko Asset Management Asia Limited as of 31 March 2024
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.

1 Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.


Top 10 Holdings

Holdings Weight
Holdings Weight
Source: Nikko Asset Management Asia Limited as of 31 March 2024.

Country Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 March 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Sector Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 March 2024.
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.

Ways to Invest

Contact Us

If you would like to invest, please get in touch with one of these distributors, or our Client Services Team at SGContactUs@nikkoam.com / (SG Toll-Free) 1-800-535-8025 or (Overseas) +65-6535-8025.

Distributor List
Important Information

The funds mentioned are Singapore registered funds approved for sale or purchase in Singapore. By proceeding, you are representing and warranting that you are either resident in Singapore or the applicable laws and regulations of your jurisdiction allow you to access the information.

This document is purely for informational purposes only with no consideration given to the specific investment objective, financial situation and particular needs of any specific person. It should not be relied upon as financial advice. Any securities mentioned herein are for illustration purposes only and should not be construed as a recommendation for investment. You should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. Investments in funds are not deposits in, obligations of, or guaranteed or insured by Nikko Asset Management Asia Limited (“Nikko AM Asia”).

Past performance or any prediction, projection or forecast is not indicative of future performance. The Fund or any underlying fund may use or invest in financial derivative instruments. The value of units and income from them may fall or rise. Investments in the Fund are subject to investment risks, including the possible loss of principal amount invested. You should read the relevant prospectus (including the risk warnings) and product highlights sheet of the Fund, which are available and may be obtained from appointed distributors of Nikko AM Asia or our website (www.nikkoam.com.sg) before deciding whether to invest in the Fund.

The information contained herein may not be copied, reproduced or redistributed without the express consent of Nikko AM Asia. While reasonable care has been taken to ensure the accuracy of the information as at the date of publication, Nikko AM Asia does not give any warranty or representation, either express or implied, and expressly disclaims liability for any errors or omissions. Information may be subject to change without notice. Nikko AM Asia accepts no liability for any loss, indirect or consequential damages, arising from any use of or reliance on this document. This advertisement has not been reviewed by the Monetary Authority of Singapore.

The Central Provident Fund (“CPF”) Ordinary Account (“OA”) interest rate is the legislated minimum 2.5% per annum, or the 3-month average of major local banks' interest rates, whichever is higher, reviewed quarterly. The interest rate for Special Account (“SA”) is currently 4% per annum or the 12-month average yield of 10-year Singapore Government Securities plus 1%, whichever is higher, reviewed quarterly. Only monies in excess of $20,000 in OA and $40,000 in SA can be invested under the CPF Investment Scheme (“CPFIS”). Please refer to the website of the CPF Board for further information. Investors should note that the applicable interest rates for the CPF accounts and the terms of CPFIS may be varied by the CPF Board from time to time.

Benchmark Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI's express written consent

Welcome to Nikko AM
Investor type:
Sustainability in action

This site is designed to be light in carbon footprint. We strive to deliver a smoother experience, using less energy with a simplified code, light vector graphics and by reducing unnecessary features and plugins. We regularly review and archive content to reduce impact on the environment.