NikkoAM - straitstrading asia ex japan reit ETF

[chyn_no]

jus for sharing! another reits etf coming soon!

 

[Asphodeli]

NPNT, TS

Sent from Sony E6533 using GAGT

 

[kehyi4]

From Bloomberg:

Profile
NikkoAM-StraitsTrading Asia ex Japan REIT ETF is an exchange-traded fund established in Singapore. The Fund's investment objective is to replicate as closely as possible, before expenses, the performance of the FTSE EPRA/NAREIT Asia ex Japan Net TR REIT Index. The Fund will invest investing all, or substantially all, of its assets in Index Shares in same weightings.

INCEPTION DATE
03/29/2017

 

[Average]

buy buy buy! no buy no go home! power of dividends, power of diversification! dyodd

Sent from 金鸡 using GAGT

 

[Layers]

Aus properties?

Sent from Sony E6853 using GAGT

 

[kehyi4]

From FTSE EPRA/NAREIT Asia ex Japan REITs Index Factsheet (31 Jan 2017):

(caveat: this is based on my understanding of the factsheet, I may be wrong)

Top 10 Constituents
Ascendas Real Estate Investment Trust (SG) - 10.28%
CapitaLand Mall Trust (SG) - 9.88%
Link Real Estate Investment Trust (HK) 9.68%
Suntec REIT (SG) - 9.62%
CapitaLand Commercial Trust (SG) - 7.03%
Mapletree Commercial Trust (SG) - 6.67%
Fortune Real Estate Investment Trust (HK) - 5.00%
Mapletree Industrial Trust (SG) - 4.77%
Keppel REIT (SG) - 4.43%
Mapletree Greater China Commercial Trust (CH) - 4.15%

Property Sector Breakdown
Diversified (7) US$9,837m 31.90%
Healthcare (1) US$461m 1.49%
Industrial (3) US$5,743m 18.62%
Lodging/Resorts (1) US$641m 2.08%
Office (3) US$3,796m 12.31%
Residential (1) US$664m 2.15%
Retail (7) US$9,697m 31.44%

Constituents - 23
Mkt Cap - US$30,839m
Div Yield - 5.72%

No geog breakdown given. From the Top 10 above, it's at least 52.68% S-Reits.

 

[Average]

wah sreits, hoot ah!

Sent from 金鸡 using GAGT

 

[Average]

any kind soul can share the performance of philips reit etf since inception?

Sent from 金鸡 using GAGT

 

[Average]

Tan Chuan Jin: Property is a long term investment...

govt is happy with property mkt performance, post cooling measures. Will announce new rules if there is any...

Sent from 金鸡 using GAGT

 

[Weaboo]

y everything ex japan? issit coz japanese reits very high market cap?

 

[kehyi4]

any kind soul can share the performance of philips reit etf since inception?

Sent from 金鸡 using GAGT

Not hard to find lah:

Factsheet (Jan 2017)

RETURNS P.A. (%) (USD) AS OF 31 JAN 2017
(Since ETF Inception)
Phillip SGX APAC Dividend Leaders REIT ETF (USD) -3.33%
Phillip SGX APAC Dividend Leaders REIT ETF (SGD) -1.47%
SGX APAC ex-Japan Dividend Leaders REIT Index (NTR) (USD) -2.96%

 

[Maeda_Toshiie]

y everything ex japan? issit coz japanese reits very high market cap?

Market nature is very different. JP is considered a developed market.



Have to wait for expenses and taxes.

 

[seetohjwj]

The tax will be Major turn off. Sigh
Hope sgx can waive off tax for etf

 

[Average]

Not hard to find lah:

Factsheet (Jan 2017)

RETURNS P.A. (%) (USD) AS OF 31 JAN 2017
(Since ETF Inception)
Phillip SGX APAC Dividend Leaders REIT ETF (USD) -3.33%
Phillip SGX APAC Dividend Leaders REIT ETF (SGD) -1.47%
SGX APAC ex-Japan Dividend Leaders REIT Index (NTR) (USD) -2.96%

tqtq

Sent from 金鸡 using GAGT

 

[winstonoyy]

Tracks this index

http://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=ENAA

HK/China biased.

 

[Maeda_Toshiie]

The tax will be Major turn off. Sigh
Hope sgx can waive off tax for etf

I don't think they waivered the tax for the existing REIT ETF.

 

[kehyi4]

Tracks this index

http://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=ENAA

HK/China biased.

Erm... there are two very similarly named Indexes:
* FTSE EPRA/NAREIT Asia ex Japan REITs Index
* FTSE EPRA/NAREIT Asia Pacific ex Japan Index

The first one has only REITS, the second one has real estate companies and REITS

The new ETF is tracking the REIT only index, if I read it correctly

 

[intime]

Looks like got intro event next monday on the new etf,
https://www.sgxacademy.com/index.php?option=com_sgx&task=eDetail&id=2109&Itemid=8

 

[chyn_no]

some information available at https://www.nikkoam.com.sg/etf/asia...ng-opportunities-in-asia-s-real-estate-growth

 

[kehyi4]

some information available at https://www.nikkoam.com.sg/etf/asia...ng-opportunities-in-asia-s-real-estate-growth

Gotta filter out all the marketing speak...

What i gleaned:

Initial Offer Period: 6 – 21 March 2017
Listing Date: 29 March 2017
Expense Ratio: Not available
Dividend Distribution Frequency: Quarterly (if any) at the manager’s discretion

SGX Trading Name: NikkoAM-STC Asia REIT
SGX Stock Code: CFA
Bloomberg Ticker: AXJREIT SP

Proj Div Yield: 5%

Geog Breakdown:
SG - 58.0%
HK - 21.4%
CN - 12.0%
MY - 5.3%
ID - 3.2%

Sector Breakdown:
Industrial & Office - 44.4%
Retail - 40.4%
Diversified - 9.6%
Hotel & Lodging - 2.0%
Residential - 2.2%
Specialty - 1.5%

I'll need someone better versed in tax regulations to work out what tax treatment the ETF is getting. It's described in para 112 of the Prospectus, but I can't fully understand it. It seems to me that most of the fund's income will be exempt from the 17% SG tax, but i'm not sure I'm reading it correctly.