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