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

Apr 18, 2018

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

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

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.