featured insights & webinar
Looking past stellar Q1 returns, we discuss positioning going forward and the need to navigate the conflicting signals offered by equity and bond markets today
Apr 10, 2019
With the CSI300 up ~25% YTD, many clients are worried that the market has fully priced in the MSCI inclusion. We review 5 flawed assumptions and explain why the rally is just the start of a long-term trend.
Mar 26, 2019
As China markets reacted to expansionary policy news, familiar criticism of China’s debt and leverage concerns has begun to emerge from global investors. Separating myths from reality, our advisor Say Boon Lim shares his thoughts on the 5 biggest myths about China’s economy.
Mar 13, 2019
So far in 2019, markets have moved positively and our worst fears from Q4 remain unfounded. However, investors should not be complacent and interpret this period of good news as predictive of the rest of 2019. Markets are likely to again fear the future. In this week’s post, our advisor Say Boon Lim shares his thoughts about the current period of benign market activity.
Feb 18, 2019
As we pass the 6-month anniversary of our latest ETFs, we review their performance since launch, the underlying story behind the exposures and the potential for returns going forward.
Feb 13, 2019
We enter this year at a crossroads for markets, with multiple cycles coming to an end. In his first insight as our senior advisor, Say Boon Lim offers his thoughts on asset allocation amid diverging economic, market and currency cycles. Following his thoughts as a guide, we introduce a number of ETF implementation ideas for 2019 across equities, fixed income, commodities and even currencies.
Jan 25, 2019
Emerging markets seem to be one of the top picks among both sell-side strategies and well-known investors in 2019. We would like to examine if their views are valid and understand better about the reasons behind. To make it into an actionable advice, we also share our thought why emerging ASEAN maybe the crème de la crème and update our readers on the performance of Premia Dow Jones Emerging ASEAN Titans 100 ETF.
Jan 14, 2019
As we wrap up 2018, it’s hard not to reflect on a -25% year in A-shares. As investors, however, we have to look forward and ask ourselves – what’s in store for 2019? Will the trade war result in continued downward momentum? Or will policy accommodation and an improved trade environment result in a massive upside reversal? Looking back 10 years to the global financial crisis, we examine a potential path forward for A-shares in 2019.
Dec 17, 2018
Below is a quick summary of what you need to know regarding this weekend’s G20 Xi-Trump meeting and our thoughts on impact for Asian and Chinese equities.
Dec 03, 2018
For the past 5 years, the surest trade in finance was to bet on US technology stocks and watch market caps double and portfolio returns roll in. However, the last few months have shaken that confidence and now many investors are asking what’s next, given the diminishing growth picture globally. Asian companies focused on innovation offer an interesting opportunity in this regard, especially considering the correction so far and their potential going forward. Though many VC and tech investors have already made the shift to Asia, that move is yet to occur in public equity markets. We believe our Premia Factset Asia Innovative Technology Index, and its corresponding ETF, 3173 HK, should be in every global and tech investors toolkit.
Nov 27, 2018
BY TOPICS
Chart Of the Week
Michael Ng
Year-to-date Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF (Premia Asia IG ETF) has outperformed longer duration peers. Even as US Treasuries yield widened to their highest yields in over two decades, the Asia IG ETF has proven relatively resilient. Across assets classes, some investors now see US Treasuries as better value than US equities and started rotating from US risk asset to duration – yet Asia IG still offers a yield pickup over US Treasury - making it even more attractive. Asian credit spreads widened modestly in recent weeks on concern about Indonesia and Philippines, and have begun to retrace as those worries ease. In our view, the current spread level offers a better window to add to Asia investment grade (IG) credit. Indonesia has been viewed as the region's main fiscal pressure point, with concerns over state spending and the credibility of the 3% of GDP deficit cap weighing on Asian spreads more broadly. The government has since begun to rein in expenditure. While the announced measures look modest, but markets read them as a sign of discipline : Indonesia's 5-year CDS has eased from a recent high of ~96bps to ~91bps as of 12 October, pointing to stabilisation. Meanwhile, despite the near-term pull back in the US 10-year yield, large US deficits point to heavier issuance, so holding long duration outright carries meaningful risk. Shorter-duration IG credit offers a better balance. The Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF (3411/9411 HK) offers a ~4.3-year duration and a ~5.5% average yield to maturity, with an average A rating and around 10% in floating-rate notes. That lets investors earn carry and stay invested with moderate rate exposure. In a market still arguing over where yields settle, The Premia Asia IG ETF offers a way to be paid while the debate plays out — a better balance between rate bets and carry, and a more sensible place to “keep calm and carry on”.
Oct 14, 2026
