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

Key Points from the Announcement

• New Designated Market Maker: North Point Global Pte Ltd will be appointed as the designated market maker for the following ETFs:
  • AMOVA MSCI AC Asia ex Japan ex China Index ETF
  • AMOVA E Fund ChiNext Index ETF
• Effective Date: The appointment will take effect from 04 May 2026.
• Market Maker Information: The list of designated market makers for these ETFs is available on the Amova Asset Management Asia Limited website.
• Date of Announcement: The official notice was issued on 29 April 2026.

Details and Potential Impact for Shareholders

What is a Designated Market Maker? A designated market maker is a critical participant in exchange-traded funds (ETFs), responsible for maintaining liquidity and ensuring efficient trading by providing continuous bid and ask quotes. Their role often helps to narrow bid-ask spreads, increase trading volumes, and stabilize the ETF’s price, making it easier for investors to buy and sell shares at fair value.

Why is This Appointment Important? The appointment of North Point Global Pte Ltd as the new designated market maker for the AMOVA MSCI AC Asia ex Japan ex China Index ETF and the AMOVA E Fund ChiNext Index ETF could have the following effects for investors and shareholders:

• Improved Liquidity: With a new market maker, investors may experience increased liquidity, which generally makes it easier to enter and exit positions in these ETFs without significant price impact.
• Potentially Tighter Spreads: An effective market maker can help maintain tighter bid-ask spreads, thereby reducing transaction costs for investors.
• Enhanced Price Stability: The presence of a committed market maker can help dampen excessive volatility, contributing to a more stable trading environment for the ETFs.
• Market Confidence: The appointment signals Amova’s commitment to the efficient functioning and attractiveness of its ETFs, which may bolster investor confidence and potentially attract new capital inflows.

Key Considerations for Shareholders

• Effective Date: The change will take place on 04 May 2026. Investors should monitor trading activity and spreads around this date for any changes.
• Price Sensitivity: While the appointment of a new market maker does not directly alter the underlying value of the ETFs, improvements in liquidity and trading efficiency can make the ETFs more attractive, possibly impacting demand and price.
• Information Access: For transparency, the updated list of market makers can be found on the Amova Asset Management Asia Limited website. Investors are encouraged to stay informed via official channels.
• Risk Advisory: Investors uncertain about how this change may affect their holdings are advised to consult their stockbroker, bank manager, solicitor, professional accountant, or other independent advisers.

Conclusion

The appointment of North Point Global Pte Ltd as a designated market maker is a noteworthy development for shareholders of Amova’s ETFs. By potentially improving liquidity, tightening spreads, and enhancing price stability, this change could make the ETFs more attractive to both existing and prospective investors. Shareholders should monitor how this transition affects trading conditions, particularly around the effective date of 04 May 2026.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should consult their own financial advisers before making any investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) takes no responsibility for the accuracy of any statements or opinions made in this article. All information is based on publicly available announcements as of 29 April 2026.

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