This publication carries latest news on product and service offerings in the Asia-Pacific wealth management market.

Nikko Asset Management and Straits Trading have listed a real estate fund on Singapore’s stock exchange. The REIT is open to retail, institutional and private banking clients.

The Singapore Exchange (SGX) yesterday welcomed the listing of NikkoAM-StraitsTrading Asia Ex Japan REIT Exchange Traded Fund. The ETF is classified as an Excluded Investment Product, so it can be used by all investors. It tracks FTSE’s EPRA/NAREIT Asia ex Japan REITs Net Total Return SGD index.

The index being tracked has a 70 per cent weighting on Singapore-listed REITs and the remaining 30 per cent weighting on REITs listed in Hong Kong and Malaysia, SGX said in a statement yesterday.

The basket of REITs represented by the exchange traded fund covers properties including financial hubs, tech hubs, hospitals, residential and industrial properties, malls and hotels located across Asia ex Japan.

The fund ads to SGX’s suite of more than 80 ETFs, the exchange added.