Funds Detail
ETFs

NikkoAM-ICBCSG China Bond ETF - RMB Class

ISIN: SGXC29409643
Bloomberg Ticker: Primary Currency (RMB): ZHY SP;
Secondary Currency (USD): ZHD SP
Investment Objective

The investment objective of the Fund is to achieve long term capital growth by replicating the returns of the ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index (the “Index”).

The Fund will offer to investors a Chinese bond investment universe that is increasingly growing in size and foreign participation. It invests in bonds issued by:

  • the Chinese government; and
  • the 3 Chinese policy banks - Agricultural Development Bank of China (ADBC), China Development Bank (CDB), Export-Import Bank of China (CEXIM)
Fund Details
Benchmark
ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index (the “Index”)
Listing Date
24 November 2020
Fund Structure
Open-ended Listed Unit Trust traded on Singapore Exchange
Lot Structure
1 unit per lot
Dividend Distribution Frequency
Nil*
Valuation Frequency
Daily
Listing
Singapore Exchange
Manager
Nikko Asset Management Asia Limited
Investment Advisor
Industrial and Commercial Bank of China Limited, Singapore Branch
Trustee
DBS Trustee Limited
Fund Auditor
PricewaterhouseCoopers LLP (Singapore)
Designated Market Makers
Flow Traders Asia Pte. Ltd., CLSA Singapore Pte. Ltd. and Phillip Securities Pte Ltd.
Management Fee
0.15% p.a.^
Trustee Fee
0.02% p.a.^
Total Expense Ratio
0.30% p.a.#
SGX Trading Name
Primary Currency (RMB): NikkoAM-ICBCSG CNB CNY
Secondary Currency (USD): NikkoAM-ICBCSG CNB US$
SGX Stock Code
Primary Currency (RMB): ZHY
Secondary Currency (USD): ZHD
* 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.
Fund NAV
Fund NAV
Fund Size
Outstanding Units
Initial Issue Price
RMB 5.00
About the Index

The ChinaBond ICBC 1 – 10 Year Treasury and Policy Bank Bond Index is an index which comprises of China government bonds and bonds issued by the 3 Chinese policy banks (Agricultural Development Bank of China, China Development Bank, Export-Import Bank of China) traded on the China Interbank Bond Market.

The 3 policy banks in China are state-owned entities and viewed effectively as quasi-government entities. These banks are responsible for financing economic and trade development and state-invested projects and support government-directed spending functions. The 3 policy banks have the same international credit rating as the Chinese government.

This Index is part of a series of bond indices which uses pricing data supplied by China Central Depository & Clearing (CCDC) and China Bond Pricing Centre (CBPC). CBPC's ChinaBond valuation is widely recognised as the gold standard in Chinese domestic bond valuation and an important indicator of the onshore RMB bond market.

CBPC is a subsidiary of CCDC, and is the leading pricing and index provider for the world’s second largest fixed income market, with over 90% of the AUM market share of all Chinese institutional investors.

CCDC is a wholly state-owned financial institution established by the State Council of China. As a pillar of China's financial market infrastructure, it provides central registration, depository and settlement services. Since its establishment, under tremendous support of the Chinese regulatory authorities, CCDC started from the centralised depository of China government bond and gradually developed into a Central Securities Depository for various kinds of financial products.

The NikkoAM-ICBCSG China Bond ETF will be the first ETF in the international arena to adopt an index published by CBPC.

Performance (RMB)
Source: Nikko Asset Management Asia Limited as of
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 Holdings
Top 10 Holdings Weight

* Amounts of less than 0.1% are not displayed
Fund Characteristics
Ways to Invest
01
Trade through your stock broker on the Singapore Exchange (SGX) using:
02
Regular Savings Plan (RSP)
Invest in the ETF on a regular basis with:
(*transaction fees or charges may apply with the respective parties below)
Phillip Capital
Phone
+65-6531-1555
03
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 20,000,000 units.
List of Participating Dealers
CGS-CIMB Securities
Phone
1-800-538-9889
DBS Vickers
Phone
+65-6327-2288
iFast Financial
Phone
+65-6557-2000
Industrial and Commercial Bank of China, Singapore Branch
Phone
+65-6709-1327
Phillip Capital
Phone
+65-6531-1555
UOB KayHian
Phone
+65-6536-9338
Important Information

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