Amova to refine pricing method for SGD Investment Grade Corporate Bond ETF

Nikko AM SGD Investment Grade Corporate Bond ETF Units ( (SG:MBH) ) has provided an update.

Amova Asset Management Asia Limited, manager of the Amova SGD Investment Grade Corporate Bond Index ETF, has announced a technical change to how the ETF’s unit prices are calculated and corresponding amendments to its trust deed. The ETF provides Singapore-dollar investors with index-based exposure to investment-grade corporate bonds, and is overseen within Singapore’s regulated fund regime.

With effect from 17 March 2026, the ETF will shift its issue and redemption price calculation from rounding to truncation at four decimal places, a move that may slightly refine price precision without altering investors’ unit holdings. The trust deed will be amended to reflect this change and related editorial updates, with an updated prospectus to be registered with the Monetary Authority of Singapore and made available on the manager’s website, while unitholders are told no action is required on their part.

The manager emphasised that investors’ unitholdings remain unaffected, framing the changes as documentation and methodology updates rather than a shift in investment strategy or risk profile. Stakeholders will be able to inspect the amended trust deed at the manager’s Singapore office from the effective date, reinforcing transparency around the ETF’s operational and legal framework.

More about Nikko AM SGD Investment Grade Corporate Bond ETF Units

Amova Asset Management Asia Limited is the manager of the Amova SGD Investment Grade Corporate Bond Index ETF, a Singapore-listed exchange-traded fund focused on investment grade corporate bonds denominated in Singapore dollars. The firm operates in the asset management industry, offering index-based fixed income exposure to investors through its ETF structure in the Singapore market.

The ETF targets investors seeking diversified, investment-grade corporate bond holdings in SGD, providing access to a portfolio of high-quality corporate issuers via a passive index-tracking vehicle. As manager, Amova oversees pricing, documentation, and regulatory compliance for the fund within Singapore’s regulated investment fund framework.

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