Singapore Exchange (SGX) respected the posting of NikkoAM-StraitsTrading Asia Ex Japan REIT Exchange Traded Fund ("ETF") issued in association amongst NikkoAM and Straits Trading, and oversaw by NikkoAM.
SGX said this ETF is named an Excluded Investment Product (EIP), which implies it is available to all financial specialists. It tracks FTSE's EPRA/NAREIT Asia ex Japan REITs Net Total Return SGD list, with 70% weightage on Singapore-recorded REITs and the staying 30% weightage on REITs recorded in Hong Kong and Malaysia.
The bushel of REITs spoke to by NikkoAM-StraitsTrading Asia Ex Japan REIT ETF covers assorted properties including money related center points, tech centers, clinics, private and mechanical properties, shopping centers, and lodgings situated crosswise over Asia ex Japan.
It is the world's first Asia ex Japan REIT ETF, as per Eleanor Seet, leader of Nikko Asset Management in Singapore and head of Asia ex-Japan. "With the solid joint effort with the Singapore Exchange, we suspect that the hunger for ETFs will keep on growing," she said.
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