Key Highlights

• Amova Asia Limited VCC has announced the appointment of North Point Global Pte Ltd as a new designated market maker.
• This appointment will affect two significant ETFs managed by Amova:
  • AMOVA MSCI AC Asia ex Japan ex China Index ETF
  • AMOVA E Fund ChiNext Index ETF
• The effective date for North Point Global Pte Ltd’s appointment is 04 May 2026.

Details of the Announcement

Amova Asset Management Asia Limited, located at 12 Marina View, #18-02 Asia Square Tower 2, Singapore, has formally notified holders of participating shares in two of its flagship ETFs about the upcoming change in the designated market maker. This move is designed to potentially enhance liquidity and market efficiency for both ETFs, which could have significant implications for investors.

The AMOVA MSCI AC Asia ex Japan ex China Index ETF and the AMOVA E Fund ChiNext Index ETF will both see North Point Global Pte Ltd take on the role of designated market maker from 04 May 2026. The appointment of a new market maker is a critical operational update, as market makers play a vital role in providing liquidity, reducing bid-ask spreads, and ensuring smoother trading for ETF investors.

Investors can find the updated list of designated market makers for these ETFs on the Amova Asset Management Asia Limited’s website: https://sg.amova-am.com.

Important Information for Shareholders

• Potential Impact on ETF Liquidity: The appointment of a new designated market maker could positively impact the liquidity and trading efficiency of the affected ETFs, which may in turn affect their market pricing and attractiveness to investors.
• Possible Effect on Share Value: While the announcement itself does not state an immediate change in ETF value, the improved liquidity and trading efficiency resulting from a new market maker can influence investor confidence and, potentially, ETF share prices.
• Further Information: The Singapore Exchange (SGX-ST) has not reviewed the accuracy of the statements or opinions made in the announcement, and investors are encouraged to consult their financial advisors if they have any doubts or require further clarification.

What Investors Should Do

• Monitor the trading performance and bid-ask spread of the affected ETFs as the new market maker assumes its role.
• Review any additional updates or communications from Amova Asset Management regarding the transition.
• Consult with financial advisors to assess how the change may impact individual investment strategies, especially if holding positions in either of the two ETFs.

Contact Information

For further inquiries, investors may contact Amova Asset Management Asia Limited at +65 6500 5700 or visit their office at 12 Marina View, #18-02 Asia Square Tower 2, Singapore 018961.

Disclaimer

This article is for informational purposes only and does not constitute financial advice, investment recommendation, or an offer or solicitation to buy or sell any securities. Investors are advised to conduct their own research and consult with independent financial advisors before making investment decisions. The Singapore Exchange (SGX-ST) takes no responsibility for the accuracy of the statements or opinions contained herein.

View AmovaEFund ChiNext S$ Historical chart here