Japan’s Nikko Asset Management and Straits Trading have jointly launched a new real estate investment trust exchange traded fund (ETF) on the Singapore Exchange.

The new Nikko AM-Straits Trading Asia ex Japan REIT ETF is the first to be tracking index provider FTSE’s EPRA/NAREIT Asia ex Japan REITs Net Total Return SGD index, with 70% weightage on Singapore-listed REITs and the remaining on REITs listed in Hong Kong and Malaysia.

The suite of REITs will cover a range of properties, including financial hubs, tech hubs, hospitals, residential and industrial properties, malls and hotels located across Asia ex-Japan.

Nikko Asset Management president of Singapore and head of Asia ex-Japan Eleanor Seet said: “Nikko Asset Management is pleased to launch the world’s first Asia ex Japan REIT ETF, which has been well received by investors in the region.

“Our goal is to provide progressive solutions to the global investors we serve and this is our first ETF to be launched outside of Japan. With the strong collaboration with the Singapore Exchange, we anticipate that the appetite for ETFs will continue to grow.”

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