Nikko Asset Management to Rename as Amova Asset Management

Nikko Asset Management Co., Ltd. (hereafter “Nikko AM”, President and Representative Director Stefanie Drews) today announced that it will be renaming as Amova Asset Management Co., Ltd. on 1 September 2025.

Founded in Japan in 1959, Nikko AM has become a global citizen with Asian DNA, headquartered in Tokyo, with a presence through subsidiaries or affiliates in a total of 11 countries and regions, spanning four continents. The firm operates a global business through an independent and diverse management team, responding swiftly to the constantly evolving investment environment to provide solutions to investors around the world.

This name change reflects the progress so far, and path forward, in the firm’s Global Growth strategy to strengthen growth in Japan and expand in global markets.

The new name “Amova Asset Management” is an amalgam of the concepts behind the new name, with the first two letters “Am” standing for the firm’s core business “Asset Management”. “Mov” refers to “movement” – the nimbleness and innovation to steer clients towards their objectives in the constantly changing investment landscape by offering superior investment solutions. “Ova” draws inspiration from ”Nova”, which means “new” in Latin, as global teams explore new frontiers and provide progressive solutions to stay ahead in the rapidly evolving financial environment.

The renaming does not impact ownership - the firm remains a wholly owned subsidiary of Sumitomo Mitsui Trust Group, and remains committed to helping investors around the world reach their investment goals.

The name change is included in an upcoming change to articles of incorporation, subject to approval at the firm’s extraordinary general shareholder meeting to be held on 26 September 2024.

About Nikko Asset Management

With US$240.1 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia’s leading exchange-traded funds (ETFs).
    
Headquartered in Asia since 1959, Nikko Asset Management and its subsidiaries employ personnel representing around 30 nationalities, including approximately 200 investment professionals**. The firm has a presence through subsidiaries or affiliates in a total of 11 countries and regions. More than 400 banks, brokers, financial advisors and life insurance companies around the world distribute the firm’s products.

The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA, striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solution-driven approach, which has led to many innovative funds launched for its clients.

For more information about Nikko Asset Management and to access its investment insights, please visit the firm’s homepage.

* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of 31 March 2024.
** Including employees of Nikko Asset Management and its subsidiaries as of 31 March 2024.

Important Information

This document is prepared by Nikko Asset Management Co., Ltd. and/or its affiliates (Nikko AM) and is for distribution only under such circumstances as may be permitted by applicable laws. This document does not constitute personal investment advice or a personal recommendation and it does not consider in any way the objectives, financial situation or needs of any recipients. All recipients are recommended to consult with their independent tax, financial and legal advisers prior to any investment.

This document is for information purposes only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any investments or participate in any trading strategy. Moreover, the information in this document will not affect Nikko AM’s investment strategy in any way. The information and opinions in this document have been derived from or reached from sources believed in good faith to be reliable but have not been independently verified. Nikko AM makes no guarantee, representation or warranty, express or implied, and accepts no responsibility or liability for the accuracy or completeness of this document. No reliance should be placed on any assumptions, forecasts, projections, estimates or prospects contained within this document. This document should not be regarded by recipients as a substitute for the exercise of their own judgment. Opinions stated in this document may change without notice.

In any investment, past performance is neither an indication nor guarantee of future performance and a loss of capital may occur. Estimates of future performance are based on assumptions that may not be realised. Investors should be able to withstand the loss of any principal investment. The mention of individual securities, sectors, regions or countries within this document does not imply a recommendation to buy or sell.

Nikko AM accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this document, provided that nothing herein excludes or restricts any liability of Nikko AM under applicable regulatory rules or requirements.

All information contained in this document is solely for the attention and use of the intended recipients. Any use beyond that intended by Nikko AM is strictly prohibited.

This document is issued in New Zealand by Nikko Asset Management New Zealand Limited (Company No. 606057, FSP22562). It is for the use of wholesale clients, researchers, licensed financial advisers and their authorised representatives only.