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NikkoAM-StraitsTrading Asia Ex Japan REIT ETF launches on SGX


NikkoAM and Straits Trading have partnered to list the NikkoAM-StraitsTrading Asia Ex Japan REIT Exchange Traded Fund (ETF) on the Singapore Exchange (SGX).

The ETF, which is managed by NikkoAM, 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 per cent weightage on Singapore-listed REITs and the remaining 30 per cent 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, says: “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 and fixed income, SGX, says: “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.”

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