FTSE Russell, the global index and data provider licenced its FTSE EPRA/NAREIT Asia ex Japan REITs Index to Nikko AM. Nikko AM, in partnership with Straits Trading launched their new Nikko AM-Straits Trading Asia ex Japan REIT ETF on Singapore Exchange (SGX). The ETF is the first to be tracking this FTSE index.
The FTSE EPRA/NAREIT Asia ex Japan REITs Index is currently comprised of 23 REITs from Asia excluding Japan and is reviewed on a semi-annual basis. More information on the FTSE EPRA/NAREIT Global real estate index series can be found here.
Phillip Yeo, international head of product development and management, Nikko AM, based in Singapore said, “We are pleased to collaborate with FTSE Russell to launch the first Asia REIT ETF in the world. The index is of high quality because of the stringent index methodology and at the same time, high appeal because of the rich dividend content in the constituent REITs.”
Sudir Raju, managing director ETP Relationships, Asia, FTSE Russell commented, “We are delighted that Nikko AM have chosen to licence the FTSE EPRA/NAREIT Asia ex Japan REITs Index for its new ETF, the first to be tracking this index. FTSE Russell works closely with a number of firms in the Asia region and has a comprehensive REIT index offering, which is built with and overseen by global real estate industry experts.”