Performance of Nikko AM Singapore STI ETF – FY 2016 against FY 2015

Interesting to see how Nikko AM Singapore STI ETF performed for the financial year (FY) ended 30 June 2016. I did a quick comparison of key indicators between FY 2016 against FY 2015.

Nikko AM Singapore STI ETF:

Indicators FY 2016 FY 2015 Change (%)
Net Asset Value (NAV) $2.9025 $3.3635 – 13.7
Net (losses)/gains on investments ($12,772,832) $2,945,508 – 533.6
Total (deficit)/return for year ($9,310,202) $6,120,932

 

– 252.1
Distributions for year per unit $0.0796 $0.0977 – 18.5

Current NAV of Nikko AM STI ETF on 4 October 2016 was $2.99.

I then compare Nikko AM Singapore STI ETF with SPDR STI ETF using the same table format.

SPDR STI ETF:

Indicators FY 2016 FY 2015 Change (%)
Net Asset Value (NAV) $2.886 $3.362 – 14.1
Net (losses)/gains on investments ($43,265,152) $10,552,266 -510.0
Total (deficit)/return for year ($29,884,972) $21,561,247

 

-238.6
Distributions for year per unit $0.100 $0.093 +7.5

Current NAV of SPDR STI ETF was $2.92 on 3 October 2016.

Remarks:

Nikko AM did worse than SPDR for net losses on investment and total deficit for the year.

Net asset value per unit dropped 13.7% for Nikko AM STI ETF whereas the drop was 14.1% for SPDR STI ETF.

Distributions per unit for the FY 2016 for SPDR’s went up 7.5% to $0.10 whereas the distributions per unit for Nikko AM’s went down 18.5% to $0.0796. This was the significant difference between the two STI ETFs.

Both Nikko AM Singapore STI ETF and SPDR STI ETF did poorly for the year ended 30 June 2016. Both suffered the same kind of fate on investment in Singapore equities.

Copyright © 2016, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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