, Singapore

World's first Asia ex Japan REIT ETF now on SGX

It’s the second REIT ETF listed on the bourse.

Singapore Exchange (SGX) welcomed the listing of NikkoAM-StraitsTrading Asia Ex Japan REIT Exchange Traded Fund (“ETF”) issued in partnership between NikkoAM and Straits Trading, and managed by NikkoAM.

SGX said 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.

It is the world’s first Asia ex Japan REIT ETF, according to Eleanor Seet, president of Nikko Asset Management in Singapore and head of Asia ex-Japan. “With the strong collaboration with the Singapore Exchange, we anticipate that the appetite for ETFs will continue to grow,” she said.

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