Please refer to the AMIT page for information relating to the Attribution Managed Investment Trust (AMIT) regime which came into effect from 1 July 2017.

Changes to Product Disclosure Statements effective 29 November 2018

Nikko Asset Management Australia Limited has reviewed and updated the Product Disclosure Statements (PDSs) for the following Funds where it is the Responsible Entity.

  • Nikko AM Australian Share Wholesale Fund (ARSN 090 089 562)
  • Nikko AM Australian Share Income Fund (ARSN 133 980 819)
  • Nikko AM Australian Share Concentrated Fund (ARSN 143 598 556)
  • Nikko AM Australian Bond Fund (ARSN 098 736 255)
  • Nikko AM Global Share Fund (ARSN 092 026 269)
  • Nikko AM ARK Global Disruptive Innovation Fund (ARSN 627 341 744)
  • Nikko AM Japan Share Concentrated Fund (ARSN 614 476 603)
  • Nikko AM New Asia Fund (ARSN 116 556 113)
  • Nikko AM Conservative Fund (ARSN 092 026 161)
  • Nikko AM Balanced Fund (ARSN 103 973 020)
  • Nikko AM Growth Fund (ARSN 092 026 090)

To obtain a copy of the new PDSs, please click here or contact Nikko AM Investor Services on This email address is being protected from spambots. You need JavaScript enabled to view it.

The key changes that you need to be aware of are summarised below.

About Nikko Asset Management Australia Limited

The PDSs for the following Funds were updated to clarify that Nikko AM Limited, as investment manager for the Funds, may be supported by Nikko Asset Management Asia Limited (NAM Asia) in the investment management of the Funds. NAM Asia is based in Singapore and is regulated and licensed by the Monetary Authority of Singapore (company registration number 198202562H).

  • Nikko AM Conservative Fund (ARSN 092 026 161)
  • Nikko AM Balanced Fund (ARSN 103 973 020)
  • Nikko AM Growth Fund (ARSN 092 026 090)

Minimum initial investment

The following PDSs were updated to reflect revised Minimum initial investment requirements

Fund Name ARSN Previous Minimum initial investment New Minimum initial investment
Nikko AM Australian Share Wholesale Fund 090 089 562 $20,000 $10,000
Nikko AM Australian Share Income Fund 133 980 819 $20,000 $10,000
Nikko AM Australian Share Concentrated Fund 143 598 556 $20,000 $10,000
Nikko AM Global Share Fund 092 026 269 $20,000 $10,000
Nikko AM Japan Share Concentrated Fund 614 476 603 $20,000 $10,000
Nikko AM New Asia Fund 116 556 113 $20,000 $10,000
Nikko AM Australian Bond Fund 098 736 255 $20,000 $10,000

Restrictions on withdrawals

The PDSs were updated to clarify Restrictions on withdrawals. This includes the description of the circumstances under which redemptions from the Funds may be delayed and suspended, and how redemption requests are processed following any periods where redemptions requests have been suspended.

Benefits of investing in the Funds

The PDSs were updated to provide clarity about the Significant features and Significant benefits of the respective Funds.

Risks of managed investment schemes

The PDSs were updated to include Cyber security risk as one of the significant risks associated with investing in a managed investment scheme.

How we invest your money

The PDSs were revised to include updated information in the How we invest your money section.

Fund description

The PDSs were updated to include a comprehensive description of the respective Funds, how they invest and the investment securities invested in.

Strategic Asset Allocation

Where relevant, the PDSs were updated to reflect changes to the Strategic asset allocation for the respective Funds as outlined below.

Fund Name Previous Strategic Asset Allocation New Strategic Asset Allocation
Asset class Target range Target allocation Asset class Target range Target allocation
Nikko AM Australian Share Wholesale Fund Australian shares 90 – 100% 95% Australian shares 80 – 100% 98%
International shares(unhedged) 0 – 10% 0%
Cash & short-term securities 0 – 10% 5% Cash & short-term securities 0 – 10% 2%
Nikko AM Australian Share Income Fund Australian shares and hybrids 80 – 100% 90% Australian shares and hybrids 70 – 100% 97%
International shares(unhedged) 0 – 10% 0%
Cash & short-term securities 0 – 20% 10% Cash & short-term securities 0 – 10% 3%
Nikko AM Australian Share Concentrated Fund Australian shares 90 – 100% 95% Australian shares 80 – 100% 97%
International shares(unhedged) 0 – 10% 0%
Cash & short-term securities 0 – 10% 5% Cash & short-term securities 0 – 10% 3%
Nikko AM Global Share Fund Global shares 90 – 100% 95% Global shares (unhedged) 90 – 100% 98%
Cash 0 – 10% 5% Cash & short-term securities 0 – 10% 2%
Nikko AM ARK Global Disruptive Innovation Fund Global equities (via Underlying Fund) 90 – 100% 100% Global shares (unhedged) 90 – 100% 98%
Cash 0 – 10% 0% Cash & short-term securities 0 – 10% 2%
Nikko AM Japan Share Concentrated Fund Japanese shares 90 – 100% 95% Japanese shares (unhedged) 90 – 100% 98%
Cash 0 – 10% 5% Cash 0 – 10% 2%
Nikko AM New Asia Fund Asian securities (ex Japan) 80 – 100% 90% Asian securities (ex Japan) 80 – 100% 97%
Cash & short-term securities 0 – 20% 10% Cash & short-term securities 0 –20% 3%

Labour standards, environmental, social and ethical considerations

The PDSs were updated to reflect the extent to which the respective Funds currently take Labour standards, environmental, social and ethical considerations into account as part of the investment process.

Net Transactional and Operational costs

The PDSs were updated to reflect the Net Transactional and Operational costs for each Fund, for the Financial Year to 30 June 2018. To see the current Net Transactional and Operational Costs for all of our Funds please click here

Complaints resolution

The PDSs were updated to clarify the Complaints resolution process, to remove references to the Financial Ombudsman Service and to provide the contact information for the new Australian Financial Complaints Authority.