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What's New In Investments, Funds? - Nikko Asset Management

Editorial Staff

25 July 2018

Nikko Asset Management 
Asia has launched the Nikko AM SGD Investment Grade Corporate Bond ETF.

This is a Singapore Dollar-denominated corporate bond exchange-traded fund being made available to investors, with a management fee of 0.15 per cent.

The Nikko AM SGD Investment Grade Corporate Bond ETF aims to replicate the performance of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index.

The initial offer period (IOP) is from 23 July 2018 to 17 August 2018, and listing on the Singapore Exchange will take place on 27 August 2018.

The fund will comprise statutory board and investment grade corporate bonds across various sectors such as the Housing Development Board, Temasek Financial, Land Transport Authority, Development Bank of Singapore (DBS) and United Overseas Bank (UOB).