Premia Partners launches Premia China STAR50 ETF at TER of 0.58% p.a. as low-cost tool
PR90875
Premia Partners launches Premia China STAR50 ETF at TER of 0.58% p.a. as low-cost tool for opportunities from China's growth in hardcore technology and innovation sectors
HONG KONG, July 28, 2021 /PRNewswire=KYODO JBN/ --
Premia Partners, a leading ETF provider in Hong Kong, announces today listing
of Premia China STAR50 ETF on HKEX.
This physically replicated ETF offers the most cost-efficient and convenient
access to emerging leaders on STAR Board of the Shanghai Stock Exchange.
Premia China STAR50 ETF (https://etfprod.premia-partners.com/etf/3151)
(Tickers: 3151 HKD / 9151 USD/ 83151 RMB) with total expense ratio (TER) of
0.58% p.a., tracks the SSE Science and Technology Innovation Board 50 Index,
covering the 50 largest STAR Board companies by market capitalisation. The
strategy captures China's emerging leaders across strategic industries
characterized by hardcore technology, high R&D and scientific innovations
ranging from semiconductor, new materials, green economy to biotech, biomedical
cold chain provider and more. The strategy also provides diversification
benefits given low correlation with China ADRs and mainstream global markets.
"We are delighted to launch the ETF at this opportune time as investors
increasingly become interested in the STAR Board as they broaden China
allocation for long term growth opportunities," said Rebecca Chua, Managing
Partner of Premia Partners. "Consistent with all Premia ETFs, it is designed as
a low-cost and transparent allocation tool for international investors to
access STAR Board opportunities, which are not fully accessible through the
Stock Connect."
"The STAR 50 Index is the first flagship index to capture the most
representative stocks and CDR constituents of the STAR Board, with broad
representation and distinct innovation industry focus," said Suyuan Lu, General
Manager of China Securities Index Company (CSI). "We have maintained very good
rapport with Premia Partners through our years of collaboration, and look
forward to working more closely together, to assist international investors
better access the China opportunities through more relevant and best practice
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 July 28th 2021, Premia Partners manages 9 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. For more information
on 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(https://etfprod.premia-partners.com/etf/2817) and US
Treasury(https://etfprod.premia-partners.com/etf/9077), please visit
www.premia-partners.com
SOURCE: Premia Partners
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