Amova MSCI AC Asia ex Japan ex China Index ETF

Initial Offering Period (IOP) from 17 to 20 March 2025

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More About Amova MSCI AC Asia ex Japan ex China Index ETF

The Index is in line with the MSCI Global Investable Market Index methodology. It comprises large & mid market capitalisation (cap) companies in Developed & Emerging Markets (DM & EM) in Asia, excluding Japan and China. 

Why Invest in Amova MSCI AC Asia ex Japan ex China Index ETF

Capture the best of Asia’s growth story

India

  • According to the IMF, Asia is set to drive 60% of global GDP growth in 2024, with India leading the way
  • India is forecast by the OECD to grow at 6.9% in 2025—the fastest pace among G20 economies

South Korea & Taiwan

  • Both countries benefit from AI and the tech megatrend, leveraging strong hardware supply chains and software expertise

ASEAN

  • Tap into the region’s diverse growth opportunities and the potential of its vibrant young population
  • Key themes driving growth include industralisation, consumersation, as well as the diversification of global supply chains

Flexibility and control in your allocation to Asia

  • The Index excludes China and Japan, Asia’s two heavyweight economies.
  • Due to their economic scale, China and Japan often overshadow other high-growth Asian markets in conventional passive equity strategies

  • Gain targeted exposure to Asia’s high-growth markets

Top 10 index constituents

Index countries and sectors allocation

How to Subscribe to the ETF During the IOP via POEMS 2.0

  1. Log in to POEMS 2.0 , then navigate to ‘Account Management’ > ‘Online Forms’ > ‘IPO Subscription – Irrevocable Form’ or click here.
  2. Select the IPO you wish to subscribe to.
  3. Review and accept the Prospectus, and Terms & Conditions before subscribing to the Financial Product.
  4. Applications close at 5pm on Thursday, 20 March 2025. 
  5. Ensure sufficient funds are available in your POEMS Account to complete the application process (including the subscription amount, transfer fees, and GST) by 5pm on Thursday, 20 March 2025.
Prospectus
Product Highlights Sheet

Promotion

Receive up to S$500 Cash Credit to Your POEMS Account when you subscribe to the Lion-China Merchants Emerging Asia Select Index ETF! 

  • Customers will receive S$20 in cash credits for every S$10,000 subscribed to the ETF.

Seminars Lineup

IOP Subscription Details
Subscription Period17 March 2025 to 20 March 2025
Listing Date2 April 2025
Subscription PriceSGD 1.00 per unit
Minimum Quantity1,000 units
Commission FeesZero Commission
Transfer FeesS$10.00 (subject to GST) for Cash Management Account. Other Phillip Investment Account Types will not be subject to transfer fee charge.
Trading CurrencySGD
AllotmentFull Allotment
Key Information
ETF NameAmova MSCI AC Asia ex Japan ex China Index ETF
Underlying IndexMSCI AC Asia ex Japan ex China Index
Issue Price

SGD 1.00 per unit

Initial Offer Period (IOP)

17 March 2025 to 20 March 2025

Listing Date2 April 2025
Base CurrencySGD
Trading CurrencySGD/USD
SGX CodeA93 (Primary Currency: S$)
A94 (Secondary Currency: US$)
Trading Board Lot Size1 unit
Management Fee

0.50%per annum

Up to a maximum of 1% per annum of the Sub-Fund Asset.

Replication StrategyOptimisation or Representative Sampling
Classification StatusExcluded Investment Product
  1. The subscription period for Amova MSCI AC Asia ex Japan ex China Index ETF (“ETF”) is from 17 March 2025, Monday at 9am to 20 March 2025, Thursday at 5pm. 
  2. The online subscription will close on 20 March 2025 at 5pm. No new applications, amendments, or withdrawals are allowed after this deadline. 
  3. Eligible Accounts to subscribe for the ETF must be Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and Share Financing (V) Accounts.  Cash Trading Accounts (T) are not eligible to participate in this subscription. 
  4. An additional transfer fee charge of S$10 (subject to GST) per application for Cash Management Accounts will be applicable. 
  5. Only one application is allowed per Account. 
  6. Each ETF unit is priced at SGD 1 and the minimum order quantity is 1,000 units, with an incremental order size of 1,000 units. 
  7. There are zero commission fees. 
  8. The total amount payable is denominated in SGD. The settlement currency will be in SGD. 
  9. Sufficient funds (including transfer fee and GST) must be present in the Customer’s Account by 20 March 2025 at 5pm.
  10. Applications will be rejected if the Account does not have or reflect sufficient funds after 20 March 2025 at 5pm. 
  11. ETF units will be credited to the clients’ CDP or clients’ sub-account with Phillip Securities Pte Ltd by 2 April 2025.
  12. Customers will receive the full allotment of the number of ETF units that they subscribe to. 
  13. Customers can start trading the ETF units when the ETF is listed on SGX on 2 April 2025 at 9am. 
  14. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and/or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants. 
  15. In the event of a dispute over the client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obliged to give any reason on any matter concerning the Promotion and no correspondence or claims will be entertained. 
  16. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions. 
  1. Customers will receive S$10 Cash Credit for every S$1,000 subscription into Amova MSCI AC Asia ex Japan ex China Index ETF, and successful subscribers to fulfill 2 months holding period after the listing date. 
  2. The Campaign period is from 17 March 2025, Monday at 9am to 20 March 2025, Thursday at 5pm. 
  3. The Cash Credit is capped at S$100 per POEMS Account. 
  4. This promotion is limited and available on a first-come, first-served basis.
  5. The Cash Credit will be credited to your account within one month after the two-months holding period from the listing date (Listing Date: 2 April 2025).
  6. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and/or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants. 
  7. In the event of a dispute over the client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obliged to give any reason on any matter concerning the Promotion and no correspondence or claims will be entertained. 
  8. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions. 

Events Lineup

17 Mar, Mon 2025 07:00 PM - 08:00 PM

ETFs

Mr Lai Yeu Huan | Joint Head of Asian Equity | Nikko Asset Management Asia Limited

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com