First ETF to track ChiNext Index lists in the SGX
The Amova E Fund ChiNext Index was lanched under the SZSE-SGX ETF link.
Amova E Fund ChiNext Index exchange-traded fund (ETF) was launched in the SGX Securities under the SZSE-SGX ETF link on 22 July.
This is the first ETF in Singapore that tracks the ChiNext Index through an SGD-hedged fund class, providing investors with exposure to fast-growing, innovation-driven companies listed on the Shenzhen Stock Exchange while mitigating foreign exchange fluctuations.
The ETF is managed by Nikko Asset Management and provides targeted access to companies in sectors such as technology, healthcare, and advanced manufacturing.
The ChiNext Index is known for featuring the 100 largest and most liquid growth-oriented companies that are aligned with China’s national priorities including digitalisation, green energy, and industrial upgrading.
The Amova E Fund ChiNext Index ETF is part of the suite of Asia-focused ETF listings on SGX and it expands the product shelf to 48 ETFs with combined assets under management exceeding $14b.