Nikko AM-Straits Trading launches new ETF tracking FTSE Asia REITs Index

FTSE Russell, the global index and data provider, announces it has licenced its FTSE EPRA/NAREIT Asia ex Japan REITs* Index to Nikko AM. Nikko AM, in partnership with Straits Trading, have today launched their new Nikko AM-Straits Trading Asia ex Japan REIT ETF on Singapore Exchange ..

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The ETF is the first to be tracking this FTSE index.

The FTSE EPRA/NAREIT Asia ex Japan REITs Index is currently comprised of 23 REITs from Asia excluding Japan and is reviewed on a semi-annual basis.

Phillip Yeo, International Head of Product Development and Management, Nikko Asset Management, based in Singapore, said: “We are pleased to collaborate with FTSE Russell to launch the first Asia REIT ETF in the world. The index is of high quality because of the stringent index methodology and at the same time, high appeal because of the rich dividend content in the constituent REITs.”

Sudir Raju, Managing Director ETP Relationships, Asia, FTSE Russell said: “We are delighted that Nikko AM have chosen to licence the FTSE EPRA/NAREIT Asia ex Japan REITs Index for its new ETF, the first to be tracking this index. FTSE Russell works closely with a number of firms in the Asia region and has a comprehensive REIT index offering, which is built with and overseen by global real estate industry experts.”

Fund Information

ISIN : SG1DE9000003

Bloomberg Ticker : AXJREIT SP

Trading Name : NikkoAM-STC Asia REIT

Stock Code : CFA

Valuation Frequency : Daily

Dividend Distribution Frequency : Dividends (if any) would be paid quarterly at the manager’s discretion

Management Fee : 0.50% p.a.

Trustee Fee : Up to 0.04% p.a.

Benchmark : FTSE ERPA/NAREIT Asia ex Japa n Net Total Return REIT Index

Benchmark Bloomberg Ticker : EPAXJRSN Index

Listing Date : 29 March 2017

Listing : Singapore Exchange

Share Class : Currency SGD


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