The China-Singapore ETF Connect program has expanded further. On July 22, the Amova E Fund ChiNext Index ETF, launched by Japan’s Nikko Asset Management, was listed on the Singapore Exchange (SGX). The product is linked to E Fund’s ChiNext ETF (159915) and was listed under the Shenzhen-Singapore ETF Connect initiative, providing global investors with a convenient tool to tap into the growth opportunities of China’s ChiNext market.

The ChiNext ETF (159915) tracked by the Amova E Fund ChiNext Index ETF follows the ChiNext Index, one of the key benchmark indices in China’s A-share market and a representative index for innovative and entrepreneurial companies in China. Strategic emerging industries account for over 90% of the index’s weight, with significant concentrations in next-generation IT, new energy vehicles, and biotech. The index includes industry leaders such as CATL, Inovance Technology, InnoLight Technology, Mindray Medical, and Sungrow Power. The index constituents have shown robust fundamental growth, with revenue and net profit compound annual growth rates (CAGR) of 21% and 14%, respectively, since 2021. Currently, the total size of ChiNext Index-related ETFs in China exceeds RMB 100 billion. The ChiNext ETF (159915), launched in September 2011, was the first ETF tracking the ChiNext Index and now boasts over RMB 80 billion in assets under management (AUM), ranking first among ETFs tracking the same index.

At the listing ceremony, Eleanor Seet, President and Director of Nikko Asset Management Asia Limited and Head of Nikko Asset Management Asia (ex-Japan), and Fan Yue, Vice President of E Fund Management, delivered speeches. Eleanor Seet stated that the collaboration between Nikko AM and E Fund marks a significant milestone in cross-border ETF innovation. “We are honored to partner with E Fund, combining our scale, expertise, and local insights to launch the Amova E Fund ChiNext Index ETF, which fully embodies China’s entrepreneurial spirit and technological progress. This collaboration offers investors a differentiated and forward-looking way to participate in China’s innovation-driven growth.”

Fan Yue, Vice President of E Fund, noted that China, as the world’s second-largest economy, has been steadily advancing the high-level opening of its financial markets, making the Chinese market an indispensable part of global asset allocation. The ChiNext Index, launched in 2010, has grown over 15 years into a core flagship index of the Shenzhen Stock Exchange, encompassing key players in China’s new economy, including semiconductors, AI, new energy, and biopharma. The listing of the Amova E Fund ChiNext Index ETF, a result of financial cooperation between the two countries, provides Singaporean and global investors with a one-click solution to access China’s new economy. This product is also the second cross-border ETF jointly launched by Nikko AM and E Fund, symbolizing the deepening of their long-term partnership and shared commitment to expanding into international markets.

In recent years, China’s capital markets have continued to deepen high-level opening-up, with the connectivity mechanisms steadily improving. Since the launch of the first Shenzhen-Singapore ETF Connect product in late 2022, the program has expanded further. With the listing of the Amova E Fund ChiNext Index ETF, the number of China-Singapore ETF Connect products has reached 10, offering greater investment convenience for investors in the Asia-Pacific region and beyond.

Nikko Asset Management is one of Asia’s leading asset managers, with over USD 230 billion in AUM. Its active strategies span equities, fixed income, multi-asset, and alternative investments, while its passive funds cover more than 20 indices, with several ETFs leading the Asian market. Notably, Nikko Asset Management will officially rebrand as Amova Asset Management on September 1, 2025.

E Fund, established in 2001, is a leading comprehensive asset management firm in China. Leveraging capital markets and professional operations, it provides integrated asset management solutions to domestic and international investors. The company has a full-fledged presence in active equity, index investing, fixed income, multi-asset, and alternative investments. As of the end of Q2 2025, E Fund and its subsidiaries managed over RMB 3.6 trillion in assets, including more than RMB 660 billion in ETF AUM, ranking among the industry’s top players.