Singapore Exchange (SGX) Announces First ETF Globally Tracking MSCI AC Asia ex Japan ex China Index with Listing of Amova MSCI AC Asia ex Japan ex China Index ETF Providing Exposure to Large & Mid-Cap Companies, ETF Managed by Nikko Asset Management (Nikko AM)
5th April 2025 | Hong Kong
Singapore Exchange (SGX) has announced the first ETF (Exchange-Traded Fund) globally tracking the MSCI AC Asia ex Japan ex China Index with listing of Amova MSCI AC Asia ex Japan ex China Index ETF, providing exposure to large & mid-cap companies. The ETF is managed by Nikko Asset Management (Nikko AM). SGX (2/4/25): “SGX Securities today welcomed the listing of Amova MSCI AC Asia ex Japan ex China Index ETF. It is the first ETF globally that tracks the MSCI AC Asia ex Japan ex China Index, offering investors a more targeted opportunity to capture Asia’s growth story. Managed by Nikko Asset Management (Nikko AM), the ETF provides targeted exposure to large and mid-cap companies across some of the most dynamic and rapidly developing markets in Asia. It captures growth opportunities in economies such as India, the world’s fastest-growing major economy; South Korea and Taiwan, which are at the forefront of AI and technology trends; and the ASEAN region, offering diverse potential driven by industrialisation, rising consumer demand and global supply chain shifts. The ETF reflects the increasing investor interest in accessing key growth engines across Asia, highlighting the region’s economic dynamism. The Amova MSCI AC Asia ex Japan ex China Index ETF is the latest addition to SGX’s growing suite of ETFs. With this listing, the total number of ETFs on SGX has reached 49, with a combined AUM of approximately S$14 billion.”
“ Singapore Exchange (SGX) Announces First ETF Globally Tracking MSCI AC Asia ex Japan ex China Index with Listing of Amova MSCI AC Asia ex Japan ex China Index ETF Providing Exposure to Large & Mid-Cap Companies, ETF Managed by Nikko Asset Management (Nikko AM) “
Ng Yao Loong, Head of Equities, SGX Group: “This ETF expands the product shelf on SGX and provides more choices for investors to allocate their assets to the different opportunity sets in Asia. It reflects SGX’s role as the premier gateway for investors to access Asia’s opportunities. We appreciate Nikko AM’s continued support and partnership as we work together to bring more exciting investment options to investors.”
Eleanor Seet, President and Director, Nikko Asset Management Asia Limited and Head of Asia ex-Japan, Nikko Asset Management: “We anticipate an enduring trend of strong demand for exposure to Asian markets that exclude China and Japan to diversify and be more specific to approaching opportunities in this region. The launch of the Amova MSCI AC Asia ex Japan ex China Index ETF demonstrates our commitment to bring progressive and high-quality solutions to investors. We are additionally proud to launch this fund under our Amova name that we will be introducing through the course of 2025.”
Singapore Exchange (SGX) Announces First ETF Globally Tracking MSCI AC Asia ex Japan ex China Index with Listing of Amova MSCI AC Asia ex Japan ex China Index ETF Providing Exposure to Large & Mid-Cap Companies, ETF Managed by Nikko Asset Management (Nikko AM)

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