Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, April 14 2021 - 08:00
AsiaNet
Premia Partners announces listing of Hong Kong's first USD high yield bond ETF and in collaboration with BOCHK Asset Management Limited globally
HONG KONG, April 14, 2021 /PRNewswire-AsiaNet/ --

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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