Equity

Nikko AM Shenton Global Opportunities Fund - SGD Class

ISIN: SG9999004303
Bloomberg Ticker: DBSSAOI SP

Overview

Investment Objective

The investment objective of the Fund is to achieve medium to long term capital appreciation. The Fund invests primarily in equities of developed and emerging markets. The Fund may also invest in fixed income securities of developed countries or debt instruments with at least an "A" rating, and derivatives which will be used primarily for hedging. There is no target industry and sector.

N.B. The Nikko AM Shenton Global Opportunities Fund (the “Fund”) will be merging with the Nikko AM Global Umbrella Fund – Nikko AM Global Equity Fund (the “Target Fund”) and will be terminated with effect from 14 May 2024. Please refer to the results of Extraordinary General Meeting of the unitholders of the Fund in relation to the proposed merger with the Target Fund attached to the Prospectus.

Fund Details

USD *
Up to 5.00% (non-CPF subscription), Nil (CPF subscription)
1.25% p.a.
MSCI AC World Index (Net Total Return)^
Cash, SRS, CPFIS-OA#, Regular Savings Plan (RSP)
SGD 1,000
SGD 100
SGD 1,000
SGD 100/month

* With effect from 16 March 2015, the Fund’s base currency has been changed from Singapore dollars to United States dollars.

^ Prior to 1 May 2017, the performance returns of the benchmark is calculated using price index methodology. With effect from 1 May 2017, it is calculated using net total return index methodology. With effect from 1 May 2019, the benchmark against which the performance of the Nikko AM Shenton Global Opportunities Fund is measured, i.e. the MSCI World Free Index (Net Total Return), has been changed to the MSCI AC World Index (Net Total Return).

# The Fund is included under the CPF Investment Scheme (“CPFIS”) - Ordinary Account and is classified under the Higher Risk - Broadly Diversified category.

Performance

SGD Class Return (%) 3 m 6 m 1 yr 3 yr 5 yr Since Inception
NAV-NAV 13.87 5.24 11.23 2.14 9.71 5.10
NAV-NAV (with charges1) 8.17 -0.02 5.67 0.41 8.59 4.88
Benchmark 12.32 4.75 16.62 6.36 10.15 3.36
Source: Nikko Asset Management Asia Limited as of 31 January 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.

Holdings

Top 10 Holdings

Holdings Weight
MICROSOFT CORPORATION 7.8 %
NVIDIA CORPORATION 5.0 %
META PLATFORMS INC. CLASS A 3.8 %
NETFLIX, INC. 3.7 %
ABBOTT LABORATORIES 3.0 %
Holdings Weight
CENCORA, INC. 2.9 %
COMPASS GROUP PLC 2.9 %
BROADCOM INC. 2.8 %
HALEON PLC 2.7 %
HOYA CORPORATION 2.7 %
Source: Nikko Asset Management Asia Limited as of 31 January 2024.

Country Allocation (%)

Source: Nikko Asset Management Asia Limited as of 31 January 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 January 2024.
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 (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

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