NikkoAM-ICBCSG China Bond ETF Semi-Annual Report (30 June 2025): Stable Returns, Name Change Ahead
Link: https://links.sgx.com/1.0.0/corporate-announcements/UKBKIL008I415SMK/0780d34d6d9dc876b0a49145754a1db4ab94a0a955f268dcac7db18640e26c5f
Sumary:
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RMB Class (NAV-NAV returns as of 30 June 2025): 3 months +1.10%, 6 months +0.40%, 1 year +3.61%, 3 years +3.87% (annualised), since inception (2020): +4.04%.
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SGD Class (NAV-NAV returns): 3 months -3.01%, 6 months -4.56%, 1 year -1.83%, 3 years -1.44% (annualised), since inception: +0.86%. Benchmarks underperformed slightly.
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Past performance not indicative of future; fund invests in Chinese treasury and policy bank bonds with a “sampling” strategy to track the ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index.
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No subscription fee; intended for index-based access to cost-efficient Chinese bond exposure.
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Effective 1 September 2025: Manager renamed “Amova Asset Management Asia Limited”; fund will become “Amova-ICBCSG China Bond Index ETF.”
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Fund is Singapore-authorised, run by Nikko AM Asia, DBS Trustee, and ICBC; only for illustrative, non-advisory reference. Investors advised to consult financial advisors before investing and review the prospectus for risk details.