Amova (formerly Nikko AM) Short Term Bond Fund USD-Hedged(SG9999015572)
- Fixed income
- Investment grade
- Short duration
- Asia
- USD Cash
- Accumulating
The Fund aims to seek preservation of capital and liquidity, and to outperform the Singapore Interbank Offered Rate (SIBOR) by investing in a diversified portfolio of good quality, short-term bonds and money market instruments with no target industry...
Targets a diversified pool of actively managed short-term bonds and money market instruments, focusing on high-quality Investment Grade securities to ensure safety and stability. Positioned as a liquid, capital-preservation-focused solution designed to bridge the gap between cash and longer-duration fixed income.
Led by Head of Asia Credit Wai Hoong Leong, alongside 2 Senior Portfolio Managers, who collectively bring decades of experience in navigating Asian credit markets. Managed by a substantial Asian Fixed Income team of over 15 investment professionals, benefitting from a centralized decision-making structure that combines bottom-up insights with top-down thematic views. The team leverages a dedicated group of credit research analysts and integrates ESG factors directly into their proprietary Internal Credit Rating model to enhance risk assessment.
Consistently targets a yield premium over cash benchmarks (SORA) while maintaining a strict focus on capital preservation and liquidity. Designed to offer a stable return profile with low volatility, avoiding large systematic bets to minimize drawdowns. Performance is driven by a track record of active management that seeks to outperform the benchmark through credit selection rather than taking on significant duration risk.
Utilizes a proprietary Fundamental, Valuation, and Technical framework to synthesize top-down macro views with rigorous bottom-up credit research for security selection. Employs a robust Internal Credit Rating model to independently assess issuers, allowing the team to identify value beyond external agency ratings. Portfolio construction follows a strict risk budgeting process, ensuring diversification across countries, sectors, and issuers to mitigate concentration risk.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
It serves as a safe, defensive allocation that provides exposure to a diversified pool of Asian quality bonds, offering portfolio stability. It functions as a yield enhancer, offering better potential returns than pure cash without the volatility of longer-term bond funds. Given its specific concentration in Asian bonds and currencies, the fund carries geographic risk and should ideally be positioned within a broader, globally diversified portfolio to mitigate regional bias.
Daily data. Returns as of 16 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.5% | 0.5% | -0.4% | 0.7% | 0.5% | 0.4% | 0.2% | 0.1% | - | - | - | - |
| 2025 | 6.3% | 0.3% | 0.6% | 0.3% | 0.4% | 0.7% | 0.8% | 0.7% | 0.7% | 0.6% | 0.5% | 0.2% | 0.3% |
| 2024 | 6.3% | 0.6% | 0.3% | 0.5% | 0.2% | 0.7% | 0.5% | 0.8% | 0.8% | 0.8% | 0.3% | 0.3% | 0.4% |
| 2023 | 5.9% | 0.8% | 0.0% | 0.7% | 0.6% | 0.3% | 0.2% | 0.4% | 0.3% | 0.4% | 0.4% | 0.9% | 0.7% |
| 2022 | -1.5% | -0.4% | -0.2% | -0.8% | -0.2% | 0.3% | -0.2% | -0.0% | -0.0% | -0.4% | -0.4% | 0.4% | 0.4% |
| Load more | 5 of 11 | ||||||||||||
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| Commerzbank AG 5.7% (2033-05-03 Maturity) | 1.36% |
| Commonwealth Bank of Australia 6.174% (2035-09-12 Maturity) | 1.32% |
| Swire Properties MTN Financing Ltd. 2.85% (2030-07-22 Maturity) | 1.32% |
| National Australia Bank Ltd. 5.7443% (2035-11-14 Maturity) | 1.30% |
| AIA Group Ltd, Hong Kong 0.88% (2033-09-09 Maturity) | 1.23% |
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