Nikko AM SGD Investment Grade Corporate Bond ETF Units (SG:MBH) has released an update.
Nikko Asset Management Asia Limited has announced an upcoming change to the index methodology for the Nikko AM SGD Investment Grade Corporate Bond ETF, effective from 1 April 2024. The updated methodology will expand to include zero coupon bonds, diversifying the types of eligible bonds within the Index. Investors are reassured that no action is required on their part and their holdings in the ETF will remain unaffected by this change.
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