Premia Partners celebrated strong return for China New Economy ETF and waived manager's fee for US Treasury Floating Rate ETF

Premia Partners

PR84037

 

HONG KONG,May 18,2020/PRNewswire=KYODO JBN/--

 

Premia Partners the Asia ETF provider today released the following to share

about a good news and a bold move:

 

Dear Clients and Friends,

 

In a few months it will be our fourth anniversary at Premia.

 

While still the young David braving the world among the Goliaths, we would love

to give special thanks to all of you who have supported us, encouraged us,

trusted us and partnered with us throughout this journey. Without such we would

not be able to keep going with just our faith, courage and commitment,

believing that the Asia ETF space could become better with our tireless efforts

to make a difference.

 

Recently we celebrated the HKEx 2019 Top Performing – Total Return Award for

our flagship Premia CSI Caixin China New Economy ETF which continued with

strong 8.8%[1] YTD return. As we continue to reflect what we can do better in

this extraordinary time for our clients, we decided to make a bold move which

we feel is the right thing to do.

 

With immediate effect, we shall waive our fee and may subsidize part of the

third-party expenses[2] of the Premia US Treasury Floating Rate ETF,

temporarily until end of 2020 or further notice. We hope this would provide our

clients with a more meaningful allocation tool during the current yield

environment, as we charge forward together during this time of not just

uncertainties, but also hope and opportunities.

 

Keep well, and thank you for being with us.

 

Sincerely from all of us at Premia Partners

 

[1] - USD NAV return as of 13th May 2020

[2] - target total expense ratio (TER) including third party expenses to be

lowered to 5bps from 15bps

 

About Premia Partners | Your Authentic ETF Partner for Asia

 

Premia Partners was founded in Hong Kong in 2016, by a group of enthusiasts who

believe in enabling investors with efficient investment tools. For more

information on Premia or our ETFs covering China, Asia Innovative Technology,

Emerging ASEAN, Vietnam, US Treasury, please visit www.premia-partners.com

 

About Premia CSI Caixin China New Economy ETF (Tickers: 3173.HK/9173.HK) – it

tracks the CSI Caixin Rayliant New Economic Engine Index, capturing ~300

leaders from new economy industries in China, such as healthcare,

pharmaceutical, cloud computing, 5G, artificial intelligence, semiconductor,

industrial automation, technology, communications, e-commerce, interactive home

entertainment and more. On USD NAV total return basis, YTD return as of 13th

May 2020 was 8.8%, and 2019 calendar year return was 43.4%.

 

About Premia US Treasury Floating Rate ETF (Tickers: 3077.HK/9077.HK/9078.HK) -

it tracks the Bloomberg Barclays US Treasury Floating Rate Bond Index, and

invests in a basket of US Treasury Floating Rate bonds with 2-year term that

reset their coupon rate weekly based on the most recent 90-day T-bill auction,

thus assuming the US sovereign credit risk with ultra short effective duration

of up to one week.

 

SOURCE:  Premia Partners

本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。

このプレスリリースには、報道機関向けの情報があります。

プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。

プレスリリース受信に関するご案内

SNSでも最新のプレスリリース情報をいち早く配信中