The Amova MSCI AC Asia ex Japan ex China Index ETF introduces a more precise way to capture Asia’s growth markets. “For decades, investors have tended to view Asia in two parts — Japan and Asia ex-Japan — due to Japan’s outsized market dominance. By excluding Japan and China, the ETF provides a more balanced representation of Asia’s emerging and developed markets, while maintaining exposure to the region’s long-term growth drivers,” Nikko AM’s press release says.
Nikko Asset Management will launch the Amova MSCI AC Asia ex Japan ex China Index ETF on Singapore Exchange (SGX:S68
) (SGX) on April 2. The name is in anticipation of the firm’s new name, Amova Asset Management, from Sept 1.
Tracking the MSCI AC Asia ex Japan ex China Index, the ETF provides exposure to the performance of large- and mid-cap companies in both developed and emerging markets in Asia, excluding Japan and China. The ETF aims to maximise growth and accumulate wealth for investors over the longer term by reinvesting dividends paid by underlying constituents back into the fund.
