Multi Asset

Nikko AM Global Multi Asset Conservative Fund - SGD Class B

ISIN: SG9999012116
Bloomberg Ticker:NGMACFB SP

Investment Objective

The Fund aims to provide capital preservation and protection against inflation, whilst allowing for capital appreciation of investments and seek to optimise its overall investment returns at acceptable risk levels through adequate risk diversification.

To protect returns in SGD terms, the foreign currency exposure of the Fund will be significantly hedged.

Financial derivative instruments, such as spots, forwards, non-deliverable forwards, swaps, futures and/or options, may be used for the purposes of hedging and/or efficient portfolio management, subject to requirements of the Code on Collective Investment Schemes.

Fund Details

0.30% p.a.
3M SIBOR + 2% p.a.^
SGD 1,000,000
SGD 100,000

^ With effect from 18 December 2020, the current benchmark of the Fund (12-month Singapore Interbank Offered Rate (“SIBOR”) + 3% per annum ) will be changed to the 3-month SIBOR + 2% per annum. The 12-month SIBOR has been discontinued and the last day of publication for the 12-month SIBOR will be on 31 December 2020.

Performance (SGD)

Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV 0.53 -0.26 -3.21 -2.33 1.15 1.55
Benchmark 1.50 3.01 5.80 3.82 4.25 4.27

Source: Nikko Asset Management Asia Limited as of  31 July 2023
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. There are no initial sales charge and realisation charge for Class B. Hence, NAV-NAV (net of fees and charges) is not shown.

Fund Holdings

Top 10 Holdings Weight
GOVERNMENT OF AUSTRALIA 2.75% 21-NOV-2029 11.1 %
GOVERNMENT OF GERMANY 2.1% 15-NOV-2029 4.5 %
GOVERNMENT OF FRANCE 0.5% 25-MAY-2029 4.5 %
GOVERNMENT OF MEXICO 8.0% 07-DEC-2023 3.2 %
GOVERNMENT OF CHINA 2.69% 15-AUG-2032 2.4 %
Source: Nikko Asset Management Asia Limited as of 31 July 2023 .

Asset Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 July 2023 .
Cash in allocation charts includes cash equivalents.
Percentages of allocation may not add to 100% due to rounding error.
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 ( 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.

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