Nikko Asset Management has launched the Amova MSCI AC Asia ex Japan ex China Index exchange-traded-fund (ETF) on the Singapore Exchange.
The launch comes six months before the firm’s name change to Amova Asset Management becomes official on 1 September, 2025.
The ETF will track the MSCI AC Asia ex Japan ex China Index, providing exposure to large and midcap companies in both developed and emerging markets in Asia, excluding Japan and China.
It will maximise growth by reinvesting dividends paid by underlying constituents back into the fund.
The launch comes as Asia Pacific (ex-Japan) investors continue to plough money into ETFs, which reached a new record of assets in July 2024 of $980bn.
Phillip Yeo, international head of product development and management and joint global head of ETF business, Nikko Asset Management Asia said: “This ETF is designed to provide a modern and targeted approach to investing in Asia – giving investors access to the region’s dynamic growth while mitigating concentration from the two largest economies.”
While the MSCI AC Asian index fund has Japan and China as its two biggest country exposures, this ETF will instead have its largest exposures towards Taiwan, India and South Korea at 33%, 29% and 16% respectively.
Eleanor Seet, president and director, Nikko Asset Management Asia said: “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.”
