Nikko AM launches SGD-hedged ChiNext ETF for innovation-led China exposure
Nikko Asset Management is delighted to join hands with E Fund Management Co., Ltd (E Fund) to launch the first currency hedged ETF in Singapore on 22 July 2025. The listing of the Amova E Fund ChiNext Index ETF follows closely on the heels of the Amova MSCI AC Asia ex Japan ex China Index ETF. This continues the firm’s momentum ahead of its rebranding to Amova Asset Management from 1 September 2025.
“As Nikko AM transitions to Amova Asset Management, this ETF exemplifies our commitment to progressive, high-quality solutions that resonate with the future of investing. Our intent is to harness the strength of our partnership — leveraging our scale, deep expertise, and local insights as leaders in our respective spheres — to deliver Singapore’s first currency-hedged ETF. This product channels the entrepreneurial heartbeat of China to local investors in a way that is both timely and forward-looking,” said Eleanor Seet, President and Director, Nikko Asset Management Asia Limited and Head of Asia ex-Japan, Nikko Asset Management.
The Amova E Fund ChiNext Index ETF tracks the performance of the ChiNext Total Return Index, offering investors a unique chance to invest in some of the most innovative and growth-oriented companies listed on the ChiNext board of the Shenzhen Stock Exchange (SZSE). The ChiNext board, often referred to as the 'NASDAQ-style' board of the SZSE, provides a platform for China’s entrepreneurial enterprises. As of 31 March 2025, the ChiNext board boasted nearly 1400 companies with a market capitalisation of approximately 2.4 trillion SGD 1 .
The ETF will be available in both SGD-hedged share class and RMB share class. This is the first currency hedged ETF on Singapore Exchange. The SGD-hedged share class is significant because it offers the Singapore Dollar focused investor the opportunity to invest in China’s high growth while minimising the impact of currency fluctuation between SGD and RMB.
The launch comes at a time when global investors remain under-allocated to China, and as the country accelerates its pivot towards an innovation-led economy backed by policy support.
Phillip Yeo, Joint Global Head of ETF Business, Nikko Asset Management Asia Limited commented, “This ETF offers investors pure-play access to China’s innovation-driven growth while managing currency risk through its SGD-hedged share class. By aligning with China’s national priorities in clean energy, advanced manufacturing, and medtech, it provides cleaner, targeted exposure to tomorrow’s potential industry leaders—without the heavyweights of the platform giants. This ETF will be constructive for investors interested in the revaluation potential of China’s real-economy innovators, as the country pivots towards an innovation-led future.”
With the aim of replicating the performance of the ChiNext Total Return Index, the Amova E Fund ChiNext Index ETF includes the top 100 largest and most liquid A-share stocks listed on the ChiNext board, weighted by free float market capitalisation 2 . The ETF features growth drivers in China across themes such as energy transition technologies, next-gen manufacturing, healthcare life sciences and smart infrastructure.

“As the world’s second-largest economy, China has been steadily opening up its financial markets, becoming an essential part of global asset allocation,” Yue Fan, Executive Vice President of E Fund, stated. “As a core flagship of SZSE, the ChiNext Index was launched in 2010, with constituents reflecting the driving forces of China’s new economy – spanning innovative sectors such as semiconductors, artificial intelligence, new energy, and biopharmaceuticals. The Amova E Fund ChiNext Index ETF marks a milestone in China-Singapore financial collaboration, offering investors in Singapore and the broader region efficient access to China’s new economy. We have a similar cross-border ETF partnership with Nikko AM in Japan, and this new ETF in Singapore highlights our deepening long-term partnership collaboration and shared vision for global market expansion.”
For investors seeking tomorrow’s winners, the Amova E Fund ChiNext Index ETF provides exposure to untapped opportunities to China’s innovation economy. China has established itself as a global leader in innovation, accounting for 70% of patent applications related to generative AI from 2014 to 2023, and leading in the number of Science & Technology innovation clusters globally over the past two years 3 .
For more information about the Amova E Fund ChiNext Index ETF , visit our website .
About E Fund Management Co., Ltd.
Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is the largest mutual fund manager in China with over RMB 3.6 trillion (USD 512 billion) under management as of 30 June 2025. E Fund offers investment funds and solutions to both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks.
1 Source: Shenzhen Securities Information Co., Ltd, 30 April 2025
2 Source: Shenzhen Securities Information Co., Ltd, 30 April 2025
3 Source: World Intellectual Property Organization (WIPO), April 2025