Nikko Asset Management's Singapore Dividend Equity Fund, one of two flagship Singapore funds the firm
offers, has once again edged out all other locally registered Singapore equity funds at The Edge-Lipper
Singapore Fund Awards 2016 to bag two awards for best fund in the Equity Singapore category over three
and five years1
. The win was announced by The Edge-Lipper on 21st March 2016.
The fund outperformed other funds in the same category after generating cumulative returns of 7% and
28% over three and five years respectively2
, as of 31 December 2015. The fund paid out approximately 5%
in dividends in 20153
Earlier in February, the Singapore Dividend Equity Fund received the Gold Award for Singapore equities at
the FSA (Fund Selector Asia) Fund Management Awards. The judges for this award took a forward-looking
stance, expressing their views of the future performance of the funds they nominated from a shortlist
provided by FSA in partnership with FE Advisory Asia, part of the UK-based Financial Express Holdings
Nikko Asset Management also garnered top awards in Singapore equities at Institutional Investor's Asia
Investment Management Awards 2015 in December. The Singapore equity strategy at the firm is helmed by
Yeu Huan Lai and Kenneth Tang who co-manage the two flagship Singapore funds, namely, Nikko AM
Shenton Thrift Fund and Singapore Dividend Equity Fund.
The Singapore Dividend Equity Fund has also been launched in Malaysia under the ASEAN CIS Framework, a
first for a Singapore-domiciled fund. Said Terence Bong, Head of Intermediary Business Development at
Nikko Asset Management in Singapore, "Launching a fund which has received multiple accolades is
testament of our commitment of showcasing our best to Malaysian investors. We also have the support of
two very strong partners on the ground Affin Hwang Asset Management Berhad and iFAST Capital Sdn
With the aim to achieve capital appreciation by investing primarily in equities listed in Singapore that offer
attractive and sustainable dividend payments, the fund appeals to investors who wish to seek regular
income from their investments.
Said Yeu Huan Lai, senior portfolio manager, "In 2016, our stock selection strategy will focus on companies
that represent 'the New Singapore'. These are companies operating in growth industries that will become
more dominant in Singapore's maturing landscape. We also have significant exposure to companies that
embody Singapore's role as a conduit for connectivity and intermediation, including businesses in the
financial, trading and service industries. Lastly, we favour companies able to restructure themselves to
extract value or perform better in an environment of slower growth."
The Singapore Dividend Equity Fund has won The Edge-Lipper Award for the 'Best Fund over 3 Years' in the Equity Singapore category for
three consecutive years, from 2013 to 2015 and the 'Best Fund over 5 Years' in 2015.
Cumulative returns are calculated on a NAV-NAV basis and assuming all dividends and distributions are reinvested, if any. Past performance is
not indicative of future performance.
The distribution of 5% in 2015 was derived based on the aggregated monthly distribution of 0.42% of the fund's month-end NAV per unit over
12 months. Distributions from the fund are not guaranteed and are at the discretion of the Managers. In the event that income and dividends
generated from the underlying investments of the fund are insufficient to fund a distribution for the fund, the Managers may in their discretion,
with the consent of the Trustee, determine that such distributions should be paid from the capital of the fund. Where distributions are paid out
of the capital of the fund, the capital of the fund will be reduced and will be reflected as a reduction in the realisation price of units of the fund.
For details, please refer to the fund's prospectus.
– ENDS –
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