Amova Asset Management Asia Limited Announces Appointment of New Designated Market Maker for Major ETFs

Key Highlights from the Announcement

• Amova Asset Management Asia Limited has officially announced the appointment of North Point Global Pte Ltd as the new designated market maker for two significant Exchange Traded Funds (ETFs) managed by Amova.
• The affected ETFs are:
  1. ABF Singapore Bond Index Fund
  2. Amova SGD Investment Grade Corporate Bond Index ETF
• The appointment will be effective from 17 November 2025.
• The current and updated list of designated market makers for these ETFs can be found at: Amova Asset Management Asia Limited Website.
• This announcement was issued by Amova Asset Management Asia Limited on 14 November 2025.

Implications for Shareholders and Investors

The appointment of a new designated market maker is a significant development for holders of the ABF Singapore Bond Index Fund and the Amova SGD Investment Grade Corporate Bond Index ETF. Market makers play a crucial role in ensuring liquidity and tighter spreads for ETFs, which can directly affect trading efficiency and price stability. The transition to North Point Global Pte Ltd as the designated market maker may result in:

• Potential improvements in liquidity for the ETFs, which could make buying and selling units easier for investors.
• Possible impact on bid-ask spreads, depending on the performance and practices of the new market maker.
• This change could enhance investor confidence and potentially affect the price dynamics of the ETFs.
• The announcement is potentially price-sensitive as it may influence the perceived attractiveness and tradability of the ETFs.

What Investors Should Do

Investors holding these ETFs are advised to monitor the performance and trading activity of the funds as the new market maker takes over. Any changes in liquidity, spreads, or trading volumes could have a direct impact on the market value and can affect portfolio decisions. If investors have any doubts or concerns, they are encouraged to consult with their stockbroker, bank manager, solicitor, professional accountant, or other independent advisers.

Additional Information

For further updates and the complete list of designated market makers, please refer to the Amova Asset Management Asia Limited website at: https://sg.amova-am.com.

Disclaimer

The SGX-ST takes no responsibility for the accuracy of any statements or opinions made in this announcement. This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and seek professional advice before making any investment decisions.

View ABF SG BOND ETF Historical chart here