The investment objective of the Fund will be to achieve income and capital growth over the medium to long term through investing in bonds denominated in different currencies and the Managers will seek to achieve the investment objective of the Fund by investing all or substantially all of its assets into the Nikko AM Global Green Bond Fund (the "Underlying Fund"), a sub-fund of Nikko AM Global Umbrella Fund, which is registered under the Luxembourg law relating to UCITS.
The Underlying Fund invests primarily invests in bonds issued in multiple currencies by Sovereign, Supranational organisations and Agencies ("SSA") with its main focus on bonds issued for environmental purposes. The Investment Manager of the Underlying Fund will make currency allocation decisions based on fundamental analysis and exposure to emerging market currencies which may be obtained via derivatives.
The Managers seek to achieve the investment objective of the Scheme by investing all or substantially all of the Scheme’s assets into the Nikko AM Global Green Bond Fund, a sub-fund of NGUF. In accordance with MAS Circular No. CFC 02/2022 Section C Article 14, you may refer to https://emea.nikkoam.com/ucits/nguf for additional disclosures pertaining to Article 14 (a)-(d) that are relevant to the Underlying Fund.
^ There was a change in benchmark from the CITI G5 Government Bond Index to the Citi World Government Bond Index on 23 August 2006 as the Citi World Government Bond Index would better reflect the broader investment perspective of the Fund in connection with the removal of the Fund from the CPFIS. With effect from 2 January 2013, the benchmark was changed from Citi World Government Bond Index to a composite benchmark comprising of 50% Citi World Government Bond Index and 50% JP Morgan Government Bond Index - - Emerging Markets in order to align the Fund's benchmark with that of its Underlying Fund i.e. NGUF Nikko AM World Bank Green Fund. A composite benchmark is used to measure the performance of the Fund as the composite benchmark reflects the blend of developed markets and emerging markets that the Underlying Fund may be invested in. With effect from 1 April 2017, the existing benchmark for the Fund has been removed because the Manager is of the view that it is not representative of the Fund's strategy. The performance of the Fund will therefore not be measured against any benchmark on and after 1 April 2017.
The Fund name was changed from Nikko AM Shenton World Bank Green Bond Fund to Nikko AM Global Green Bond Fund with effect from 1 August 2018. The Underlying Fund Nikko AM World Bank Green Fund has been renamed to NGUF - Nikko AM Global Green Bond Fund with effect from 1 August 2018.
1 Takes into account of maximum initial sales charge and a realisation charge, currently nil, as and where applicable.
|Top 10 Holdings||Weight|
|EIB 1.625% 13/05/2031||14.0 %|
|IBRD 5.35% 09/02/2029||12.9 %|
|IBRD 5% 22/01/2026||11.0 %|
|KFW 0.75% 30/09/2030||9.0 %|
|NEDWBK 1% 03/09/2025||7.3 %|
|IBRD 4.25% 22/01/2026||7.2 %|
|EIB 1.9% 22/01/2025||7.1 %|
|EIB 0.5% 13/11/2037||6.2 %|
|IBRD 4.9% 12/02/2026||5.8 %|
|EIB 3.3% 03/02/2028||5.2 %|
|Currency Allocation||Currency Allocation|
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.