Singapore Exchange (SGX) today welcomed the listing of NikkoAM-StraitsTrading Asia Ex Japan REIT ETF issued in partnership between NikkoAM and Straits Trading, and managed by NikkoAM.
This ETF is classified as an Excluded Investment Product (EIP), which means it is accessible to all investors. It tracks FTSE’s EPRA/NAREIT Asia ex Japan REITs Net Total Return SGD index, with 70% weightage on Singapore-listed REITs and the remaining 30% weightage on REITs listed in Hong Kong and Malaysia.
The basket of REITs represented by NikkoAM-StraitsTrading Asia Ex Japan REIT ETF covers diverse properties including financial hubs, tech hubs, hospitals, residential and industrial properties, malls and hotels located across Asia ex Japan.
Eleanor Seet, President of Nikko Asset Management in Singapore and Head of Asia ex-Japan, said:
Nikko Asset Management is pleased to launch the world’s first Asia ex Japan REIT ETF, which has been well received by investors in the region. Our goal is to provide progressive solutions to the global investors we serve and this is our first ETF to be launched outside of Japan. With the strong collaboration with the Singapore Exchange, we anticipate that the appetite for ETFs will continue to grow.
Chew Sutat, Head of Equities & Fixed Income, SGX, added:
We are delighted to welcome the listing of NikkoAM-StraitsTrading Asia Ex Japan REIT ETF, the second REIT ETF listed on SGX. The listing reflects investor demand for REIT products, and offers investors diversification across geographical markets in Asia and high-growth REIT sub-sectors including financial and tech hubs, hospitality and healthcare, all in a single trade.
SGX offers a diverse suite of more than 80 ETFs, offering exposure to various asset classes (equities, fixed income, commodities and money market) across different geographical markets.