With effect from 19 August 2019, Nikko Asset Management Asia Limited has reduced its board lot size of four exchange-traded funds (ETFs) from 100 units to 10 units.
The four ETFs that are affected are:
ABF Singapore Bond Index Fund (SGX: A35) Nikko AM Singapore STI ETF (SGX: G3B) NikkoAM-StraitsTrading Asia ex Japan REIT ETF (SGX: CFA) Nikko AM SGD Investment Grade Corporate Bond ETF (SGX: MBH)
This is good news for retail investors, like you and I, as we have more flexibility when it comes to investing our hard-earned money.
For beginner investors who are just starting out, here’s why this announcement is good news for you.