Amova Asset Management

What Amova Asset Management does

Amova Asset Management (formerly Nikko Asset Management, rebranded September 2025) is a Singapore-incorporated global asset management firm and a subsidiary of Japan's Sumitomo Mitsui Trust Group. Founded in 1959 and headquartered at Asia Square Tower 2 in Singapore, the firm operates regional platforms across Japan, the Americas, EMEA, Hong Kong, New Zealand, and Singapore, employing 501-1000 staff. It offers global equity, Japan dividend equity, Asian fixed income, multi-asset, and ETF strategies, alongside Singapore-registered bond and equity funds and the GoalsGetter digital investment platform serving New Zealand retail and KiwiSaver customers.

The firm serves three primary customer segments — retail (General Public), Institutional Investors, and Intermediary Partners — with dedicated website flows for each. Revenue is generated through asset management fees charged as a percentage of assets under management, though specific fee schedules are not publicly disclosed. Recent strategic actions include acquiring a controlling 97.7% stake in Malaysia's AHAM Capital (December 2025), launching a private-asset joint venture with Tikehau Capital (April 2026), and securing distribution of the Singapore Dividend Equity Fund through MariBank with a S$1 minimum investment and targeted 5-7% monthly distributions.

Amova is positioning for accelerated international expansion under a stated goal of doubling AUM to $540 billion within ten years through organic growth, acquisitions, and new geographic and product initiatives including Japan cryptocurrency trusts and participation in Singapore's MAS Equity Market Development Programme. Core technology is not disclosed; the product platform is described in traditional active-management terms, and the firm relies on a multi-jurisdictional distribution architecture rather than proprietary technology as its primary competitive lever.

Name

Amova Asset Management

Legal name

Amova Asset Management Asia Limited

Website

https://nikkoam.com.sg

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Amova Asset Management is a Singapore-headquartered global asset manager and subsidiary of Sumitomo Mitsui Trust Group, offering equity, fixed income, multi-asset, ETF, and digital investment products to retail, institutional, and intermediary clients across Asia-Pacific, the Americas, and EMEA.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Multi-Asset ESG / Sustainable Allocation Strategies (FSAAAJAK), Sustainable/ESG Equity (Active) (FSAAAIAM)

Keywords

• Asset management
• Investment management
• Mutual funds
• Exchange-traded funds
• Portfolio management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels3 records

Marketing channels3 records

Core offering

Amova Asset Management is a global asset management firm that provides actively managed investment strategies and pooled funds across global equity, Japan dividend equity, Asian fixed income, and multi-asset categories. The firm offers Singapore-registered mutual funds (e.g., ABF Singapore Bond Index Fund, Singapore Dividend Equity Fund, Investing in Tomorrow's Singapore), ETFs, and a digital investment platform (GoalsGetter) for New Zealand retail and KiwiSaver customers. It also develops private assets strategies through its Tikehau Amova joint venture.

Product overview

Amova Asset Management (formerly Nikko Asset Management, rebranded September 2025) is a subsidiary of Sumitomo Mitsui Trust Group offering a comprehensive suite of investment products and strategies. The firm provides institutional and retail investors access to Global Equity, Japan Dividend Equity, and Asian Fixed Income strategies, along with Singapore-registered funds including the ABF Singapore Bond Index Fund, Singapore Dividend Equity Fund, and the 'Investing in Tomorrow's Singapore' fund focused on technology, renewable energy, and healthcare sectors. The company also offers ETFs, operates the GoalsGetter digital platform for New Zealand retail investors, launched a joint venture with Tikehau Capital for Asia-focused private assets strategies, and is preparing Japan's first cryptocurrency investment trusts. Amova participates in Singapore's Equity Market Development Programme with funds targeting small- and mid-cap Singapore equities.

Differentiator

Problem solved

Functional benefit

Brands

• Tikehau Amova Investment Management: Joint venture between Amova Asset Management and Tikehau Capital focusing on Asia-focused private assets investment strategies, combining Amova's regional market expertise with Tikehau Capital's EUR5.8 billion decarbonisation expertise.
• Singapore Dividend Equity Fund
• Investing in Tomorrow's Singapore
• GoalsGetter

Products and services

• Global Equity Strategy High active-share, differentiated global equity portfolio that aims to provide superior returns through a disciplined investment process. Offered to institutional, intermediary, and retail investors.
• Japan Dividend Equity Strategy Strategy focused on the level of dividend yield and dividend growth potential, aiming to deliver stable total returns from income and capital gains in Japanese equities.
• Asian Fixed Income Strategy Active Asian fixed income strategy managed by a team of portfolio managers with industry recognition for astute investing.
• ABF Singapore Bond Index Fund Singapore-registered bond index fund approved for sale in Singapore, tracking the ABF Singapore Bond Index, offered to retail and institutional investors.
• Singapore Dividend Equity Fund Fund targeting Singaporean and overseas equities with high dividends, distributed through MariBank to retail and mass-affluent investors with a minimum investment of S$1 and a target monthly distribution of 5–7%.
• Investing in Tomorrow's Singapore Fund Singapore-focused equity fund investing in sectors representing Singapore's economic future, including renewable energy, healthcare innovation, technology infrastructure, and financial services, launched under MAS's Equity Market Development Programme.
• ETFs Range of exchange-traded funds offered through Amova's global platform, including Japan-focused ETFs, listed on exchanges such as the Singapore Exchange.
• GoalsGetter Online digital investment platform operated by Amova NZ, designed specifically for New Zealand retail and KiwiSaver customers, providing access to retail and KiwiSaver investment funds.
• Tikehau Amova Investment Management Private Assets Strategies Asia-focused private assets investment strategies, including private equity decarbonisation strategies and private credit offerings, distributed through the combined global networks of Amova and Tikehau Capital.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Tikehau CapitalcoreStrategic or Co-development Partner · 2 April 2026Amova Asset Management and Tikehau Capital launched joint venture Tikehau Amova Investment Management Pte. Ltd. on 2 April 2026 after receiving MAS regulatory approval. The JV is the first in Asia between a Japanese and European-headquartered company in the private assets space. It will develop Asia-focused private assets investment strategies combining Amova's regional market expertise with Tikehau Capital's EUR5.8 billion decarbonisation expertise. The partnership will distribute private equity decarbonisation strategies and private credit offerings through both companies' global distribution networks.
• MariBankminorChannel Partner/ Reseller/ Distributor · 25 March 2026Amova Asset Management partnered with MariBank to offer access to the Singapore Dividend Equity fund targeting Singaporean and overseas equities with high dividends. The fund became available to the public in early April 2026 with a minimum investment of S$1 and aims for monthly distributions between 5% and 7%. The partnership aligns with MAS's efforts to deepen and broaden Singapore's equities market.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• First Sentier Investors: Asia-Pacific-headquartered global asset manager (owned by Mitsubishi UFJ Trust) with strong institutional capabilities across Asian equities, fixed income, and sustainable strategies. Comparable in scale and Asian institutional focus.
• Nomura Asset Management: Japan-headquartered asset manager under Nomura Holdings offering institutional and retail funds across equities, fixed income, and multi-asset strategies in Asia. Closest peer by heritage, parent backing, and product mix to Amova.
• Asset Management One: Japanese asset manager formed from the merger of Daiwa, Nikko, and Fuji asset management arms. Direct comparable in domestic Japanese investment capabilities and global institutional offerings.
• Eastspring Investments: Asian asset management arm of Prudential plc, focused on Asia-Pacific equities, fixed income, and multi-asset solutions for institutional and retail clients. Highly comparable Asia-centric platform.
• Daiwa Asset Management: Major Japanese asset manager offering mutual funds, ETFs, and institutional mandates with strong domestic retail and growing Asia distribution. Comparable to Amova's product breadth and institutional footprint.

Regional players

• Pictet Asset Management: European-headquartered global asset manager with growing Asia presence, particularly in Singapore and Hong Kong, offering multi-asset, thematic equity, and emerging market strategies. Comparable as a non-Japanese asset manager scaling in Asia.

Broad incumbents

• Manulife Investment Management: Global asset management arm of Manulife Financial with significant Asia-Pacific operations, offering multi-asset, equity, fixed income, and alternatives. Comparable institutional client base and Asian retail reach.
• Fidelity International: Global asset manager with extensive Asia-Pacific operations, offering actively managed funds, ETFs, and institutional solutions. Comparable across active equity, fixed income, and Asian distribution.
• Schroders: Global asset manager with a strong Asian institutional and intermediary business across equities, fixed income, multi-asset, and private assets. Comparable on Asia-led institutional positioning and growing private assets focus.
• abrdn (formerly Aberdeen Standard Investments): Global asset manager with deep Asian equities and fixed income heritage, serving institutional and retail clients. Comparable in Asia-led multi-asset offerings and global distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nikkoamofficial
• Facebookfacebook.com/amova.am
• LinkedInlinkedin.com/company/amova-am

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amova Asset Management