Global Asset Manager, Amova Asset Management Asia Limited

Amova Asset Management Asia Limited

Amova Asset Management is a global asset manager founded and headquartered in Japan. Our history began in 1959, with an ongoing commitment to empower individual and institutional investors throughout the world to achieve their financial goals. Our over 200 * investment professionals manage a wide range of strategies, with USD 27 1.5 billion** in assets under management. Shaping a brighter future with our stakeholders through progressive investment solutions, we are Amova Asset Management, a proud member of Sumitomo Mitsui Trust Group. Nikko Asset Management was renamed Amova Asset Management effective 1 September 2025. Please visit our website to learn more at global.amova -am.com.
* Including employees of Amova Asset Management and its subsidiaries.
**Consolidated assets under management and sub -advisory of Amova Asset Management and its subsidiaries.
Except where otherwise noted, the information is as of 31 March 2026.

Global Asset Manager

Singapore Economics: Concentrated Outperformance Masks Soft Spots in Domestic Economy

Amova Asset Management is a global asset manager founded and headquartered in Japan. Our history began in 1959, with an ongoing commitment to empower individual and institutional investors throughout the world to achieve their financial goals. Our over 200 * investment professionals manage a wide range of strategies, with USD 27 1.5 billion** in assets under management. Shaping a brighter future with our stakeholders through progressive investment solutions, we are Amova Asset Management, a proud member of Sumitomo Mitsui Trust Group. Nikko Asset Management was renamed Amova Asset Management effective 1 September 2025. Please visit our website to learn more at global.amova -am.com. * Including employees of Amova Asset Management and its subsidiaries. **Consolidated assets under management and sub -advisory of Amova Asset Management and its subsidiaries. Except where otherwise noted, the information is as of 31 March 2026.

Equity Bottom-Up

Amova Singapore STI ETF / Equity Bottom-Up

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<li>As Singapore marks National Day, its equity market reflects the country’s position as one of Asia’s leading financial and business hubs.</li>
<li>The Amova Singapore STI ETF seeks to replicate, as closely as possible, before expenses, the performance of the Straits Times Index (STI), and provides diversified exposure to Singapore’s largest listed companies.</li>
<li>
<p>Several structural factors have supported the STI (“the Index”) over the past year, including Singapore’s resilient economic growth, continued foreign capital inflows, expanding financial services sector and supportive market development initiatives.</p>
</li>
</ul>


As Singapore marks National Day, its equity market reflects the country’s position as one of Asia’s leading financial and business hubs.
The Amova Singapore STI ETF seeks to replicate, as closely as possible, before expenses, the performance of the Straits Times Index (STI), and provides diversified exposure to Singapore’s largest listed companies.

Several structural factors have supported the STI (“the Index”) over the past year, including Singapore’s resilient economic growth, continued foreign capital inflows, expanding financial services sector and supportive market development initiatives.



How Singapore’s Economy Feeds Through to Its Blue-Chip Index, and Where the Concentration Lies