Published by Asia Asset Management – 26th Oct 2018
Nikko Asset Management offers China-focused fund in Singapore
Japan’s Nikko Asset Management Asia Ltd has launched its Nikko AM All China A SGD Fund in Singapore.
The Singapore dollar fund aims to achieve medium to long-term capital appreciation by investing in companies which have significant operations in China, the company says in a statement on October 22.
The fund will invest primarily in companies listed on stock exchanges anywhere in the world which have significant business or operations in China. They must also derive substantial revenue from China.
The issue price per unit is S$1 (US$0.73) and the minimum initial investment is S$1,000.
Nikko Asset Management is one of Asia’s largest asset managers, with US$216 billion of assets under management as at June 30, 2018.
Australia’s BetaShares lists ETF tracking Nasdaq Global Income Leaders Index
Australian exchange-traded fund manager BetaShares has listed its Global Income Leaders ETF on the Australian Securities Exchange.
The fund provides Australian investors with exposure to a diversified portfolio of 100 companies outside of Australia, which are selected for their potential to generate attractive and persistent income, BetaShares says in a statement on October 22, when the ETF was listed.
The fund’s objective is to provide an investment return that tracks the Nasdaq Global Income Leaders Index. There is no minimum investment requirement.
BetaShares managed US$5.7 billion of assets as at June 30, 2018.
Malaysia’s Maybank, BNY Mellon launch feeder fund for Malaysian investors
Malaysia’s Maybank Asset Management Group Bhd (MAMG) and BNY Mellon Investment Management have launched the MAMG Asia Rising Stars Fund.
This is a feeder fund that aims to maximise investment returns by investing in the target fund, the BNY Mellon Asia Rising Stars Fund.
The target fund, which was launched in January 2017, seeks to provide capital growth by investing in Asian small-cap companies that are listed on Asian exchanges. It focuses on companies with a market capitalisation below US$5 billion.
The feeder fund will invest at least 95% of its net asset value in the target fund, MAMG says in a statement on October 18, when the fund was launched.
It’s aimed at retail investors who are looking to maximise investment returns, are willing to tolerate risk associated with Asian small-cap stocks, and have a long-term investment horizon.
The fund is available at a minimum initial investment of 1,000 in five currency classes: Malaysian ringgit, Singapore dollars, US dollars, Australian dollars and euros.
MAMG had 33.70 billion ringgit (US$8.08 billion) of assets under management as at September 30, 2018.
Vanguard offers global infrastructure fund
Vanguard Investments Australia Ltd has listed its Vanguard Global Infrastructure Index ETF on the Australian Securities Exchange.
The fund tracks the return of the FTSE Developed Core Infrastructure Index in Australian dollars and offers investors diversified exposure to infrastructure sectors, including transportation, energy and telecommunications. the company says in a statement on October 23, upon the listing.
It adds that the fund, which will invest in all of the securities in the index, provides low-cost access to infrastructure securities listed in developed countries.
The minimum investment is A$50 (US$35.40) and the investment period is five years.
Vanguard Investments Australia had over A$6.8 trillion of assets under management as at June 30, 2018, including more than A$1.2 trillion in ETFs.
Franklin Templeton launches closed-end income fund in India
Franklin Templeton Asset Management (India) Pvt. Ltd has launched the Franklin India Fixed Maturity Plans – Series 5 Plan A.
The closed-end income fund was launched on October 22 and closes on October 29.
The fund aims to generate income by investing in a portfolio of fixed income securities or debt instruments maturing on or before the maturity of the fund, the company says in a statement on October 22. The fund has a maturity of 1,273 days.
The minimum subscription amount is 5,000 rupees (US$68.30).
