Nikko AM offers new Corporate Bond ETF

It has garnered about $83m of initial assets under management by the end of the subscription period.

The Singapore Exchange welcomed the listing of Nikko Asset Management (Nikko AM) SGD Investment Grade Corporate Bond ETF which will let investors grab an easy access to Singapore-Dollar-denominated, investment grade corporate bonds in affordable units, an announcement revealed.


The new offer eyes to replicate the performance of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index by giving exposure to a diverse portfolio of more than 100 corporate bonds issued by over 50 high quality issuers.

“This new ETF would boost the Singapore ETF shelf managed by Nikko AM, which has currently more than S$1 billion in AUM,” SGX head of equities and fixed income Chew Sutat commented.

So far, the ETF has garnered about $83m of initial assets under management (AUM) by the end of the subscription period.

“Importantly, this ETF provides diversification and accessibility at a low cost, which I believe investors recognise,” Nikko AM Asia president Eleanor Seet explained. “With greater and ease of access to SGD-denominated bonds, we hope to see even more participation in the Singapore bond market.”

Nikko AM is also the issuer of the the Nikko AM Singapore STI ETF, ABF Singapore Bond Index and NikkoAM-StraitsTrading Asia ex-Japan REIT ETF. 

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