Premia Partners announces listing of Hong Kong's first USD high yield bond ETF and in collaboration with BOCHK Asset Management Limited globally
PR88980
HONG KONG, April 14, 2021 /PRNewswire=KYODO JBN/ --
the first ETF for long duration Chinese government bonds
Premia Partners, a leading ETF provider in Hong Kong, announces today listing
of two China bond ETFs at HKEx.
These physically replicated ETFs offer cost-efficient, unique and convenient
access to the sweet spots in offshore China USD bond and onshore China
government bond (CGB) markets.
-Premia China USD Property Bond ETF (Tickers: 3001 HKD / 9001 USD/ 83001 RMB)
with current yield of ~7%* is the first SFC authorized high yield bond ETF in
Hong Kong. It tracks the ICE 1-5 Year USD China Senior Real Estate Corporate
Constrained Index, for USD denominated high grade and high yield debt
securities issued by Chinese real estate corporate issuers. The strategy takes
a rule-based, diversified approach with 5% limit on issuer group, covers only
secured and senior issues rated by S&P, Moody's or Fitch, excluding local
government financing vehicles (LGFVs) and subordinated debts.
-Premia China Treasury & Policy Bank Bond Long Duration ETF (Tickers: 2817 HKD
/ 9817 USD/ 82817 RMB) tracks the ICE 10+ Year China Government & Policy Bank
Index, with average duration of ~18 years*, making this globally the first ETF
that provides direct access to ultra-long duration China treasury and policy
bank bonds traded in onshore China. As important building block for long
duration CGB exposure, the ETF complements existing China Treasury ETFs amid
global government bond index inclusion. BOCHK Asset Management Limited (a
member of the Bank of China Group) is the investment advisor.
*As of April 14th 2021
"We are delighted to launch these unique ETFs that offer attractive
risk-adjusted returns in this low yield environment," said Rebecca Chua,
Managing Partner of Premia Partners. "Now without opening onshore China bond
accounts, investors can conveniently access long duration CGBs onshore and high
yield USD China bonds offshore through HKEx, and without stamp duty,
withholding or capital gains tax."
Mr Shen Hua, Chief Executive Officer of BOCHK Asset Management Limited
("BOCHKAM") said, "BOCHKAM is delighted to co-launch with Premia Partners the
first long-duration RMB bond ETF. This ETF enjoys low-cost investing, trading
flexibility and high transparency comparing to traditional mutual funds,
providing an investment alternative for investors to satisfy their needs for
asset allocation. We are committed to providing more high-quality products to
facilitate RMB internationalisation and help Hong Kong to develop as a global
asset management centre."
"As a leading provider of index services for global ETFs and fixed income
evaluations, ICE is delighted to collaborate with Premia Partners on these two
unique products," said Magnus Cattan, Vice President of Fixed Income and Data
Services, Asia Pacific at ICE. "As investor interest for China bonds continues
to grow rapidly, ICE is honoured to contribute to the market development with
more innovative solutions."
About Premia Partners
Founded in 2016, Premia Partners is one of the leading ETF managers from Hong
Kong, dedicated to building low-cost, efficient, best practice ETFs for Asia.
As of April 14th 2021, Premia Partners manages 8 ETFs including Premia CSI
Caixin China New Economy ETF(https://etfprod.premia-partners.com/etf/3173)
which is the 4th largest China A-shares ETF in Hong Kong, and winner of the
HKEx 2019 Top Performing ETF – Total Return Award. For more information on
Premia or Premia ETFs covering
China(https://etfprod.premia-partners.com/etf/3173), Emerging
ASEAN(https://etfprod.premia-partners.com/etf/2810), Asia Innovative
Technology(https://etfprod.premia-partners.com/etf/3181),
Vietnam(https://etfprod.premia-partners.com/etf/2804), China high yield
bonds(https://etfprod.premia-partners.com/etf/3001), China government bonds and
US Treasury(https://etfprod.premia-partners.com/etf/9077), please visit
www.premia-partners.com
About BOCHK Asset Management Limited
Established in 2010, BOCHK Asset Management Limited ("BOCHKAM") is a wholly
owned subsidiary of BOC Hong Kong (Holdings) Limited, which is one of the
largest listed companies and commercial banking groups in Hong Kong, and a
member of the Bank of China Group. BOCHKAM is committed to providing retail and
institutional investors with a wide array of bond, equity and alternative
investments products. In 2020, the company was garnered as "Best RMB Manager"
in the 2020 Best of the Best Awards in Hong Kong by Asia Asset Management and
"Outstanding Achiever, China Fixed Income House Award" in Fund of the Year
Awards by BENCHMARK.
SOURCE: Premia Partners
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