News

Nikko corporate bond ETF boasts regulator’s backing

Singaporean_dollarsNikko Asset Management has launched what it says is the first corporate bond exchange-traded fund (ETF) to be denominated in Singaporean dollars. A statement announcing the product included an endorsement from the local regulator, the Monetary Authority of Singapore, which said the fund would be a “useful step” to help retail investors gain access to a diversified portfolio of local corporate bonds. “This complements [the authority’s] efforts to improve retail access to simple, low-cost investment products,” said Jacqueline Loh, deputy managing director at the authority. The fund will track the performance of the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index, which includes bonds from Temasek Financial, the Land Transport Authority and Development Bank of Singapore. “A diversified portfolio of Singapore-dollar-denominated investment grade corporate bonds is a high quality asset class that has not always been easy to access especially for retail investors,” said Eleanor Seet, president of Nikko Asset Management Asia. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

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Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.