Morningstar

Amova Singapore STI ETF SGD (DIst) Class G3B ETF Analysis

Morningstar Medalist Rating
| Medalist Rating as of

Morningstar’s Analysis G3B

Will G3B outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable G3B’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the G3B management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of G3B’s parent organization’s priorities and whether they’re in line with investors’ interests.

A largely representative, yet concentrated, barometer of Singapore-listed equities performance.

Analyst Hunter Beaudoin

Hunter Beaudoin

Analyst

Summary

Amova Singapore STI ETF's portfolio is highly concentrated, though generally reflective of the opportunity set available to peers in the Singapore equity Morningstar Category. It is managed by Amova’s Singapore-based team, which runs a small portion of the firm's overall passive assets under management. At a global level, Amova has a long history in passive fund management and is well-equipped in the space. As a result, the strategy earns a Process rating of Average and a People rating of Above Average. The exchange-traded fund was renamed from Nikko AM Singapore STI ETF effective Sept. 1, 2025, following the firm's rebranding.

by Hunter Beaudoin
Rated on Published on

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