Premia Partners recognised by HKEX for Top Performing ETF
Premia Partners, a leading ETF issuer in Hong Kong, as announced that it has been recognised by Hong Kong Exchanges and Clearing (HKEX) as the Top Performing ETF based on Total Return, for its Premia CSI Caixin China New Economy ETF.
The Premia CSI Caixin China New Economy ETF (Premia CSI Caixin) recorded a 45.2% return during 2019, according to a press release. Premia CSI Caixin tracks the CSI Caixin Rayliant New Economic Engine Index, which captures ~300 leading new economy sector companies listed in the Mainland.
The physically replicated ETF is one of the lowest cost China ETFs, according to Premia, with total-expense-ratio (TER) of 0.50% p.a.
Contrary to a conventional market capitalisation approach, companies are selected based on fundamental factors such as non-fixed asset size, financial health and growth characteristics. The diversified portfolio provides investors with a differentiated smart beta approach to participate in China's structural growth and economic transformation, with companies not just in internet, but also healthcare, biotechnology, pharmaceutical, new energy, industrial automation, 5G, cloud computing, IoT, and consumption sectors, and other technology-enabled new economy drivers.
Rebecca Chua, Managing Partner, Premia Partners, said “We are most grateful for the recognition and continued support by the HKEX, as well as our clients and business partners in this journey. We have great passion for the Asian ETF markets and look forward to building out more efficient tools for investors to access growth opportunities in Asia.”
As of February 14th 2020, Premia Partners has 6 ETFs listed on HKEX covering China, Emerging ASEAN, Asia Innovative Technology, Vietnam and US Treasury exposures, and has celebrated its third anniversary.