G20 정상회담 이후 개선된 시장심리와 최근 중국의 제로 코로나 정책 완화에 대한 기대감으로 기술주를 포함한 성장주들이 상승궤도에 본격 진입하여 수차례의 상승스윙과 랠리를 보기 시작했다. 타 미국 기술주들과는 달리 일찍이 조정기에 대거 진입했던 아시아 혁신기술 메타버스 리딩 기업들은 조정사이클에서 그만큼 먼저 벗어나 다수의 요인으로 발생된 순풍을 타고 상승세에 다시 접어든 것으로 보인다. 투자자들이 메타버스와 혁신기술 분야에 대한 투자기회를 다시 엿보기 시작하는 와중에 우리는 아시아의 기회들을 어떤 방식으로 구성하여 미국 편향적인 글로벌 테크전략들이 일반적으로 놓치는 부분을 메울 수 있을까? 이 영상에서는 디지털 전환, 로봇 & 자동화, 혁신 녹색기술 방면의 기회 뿐만 아니라 기업과 소비자 공간에 큰 변화를 가져다 준 메타버스 관련(가상 인플루언서 포함) 기회들까지 모두 담을 수 있게 설계된 Premia Asia Innovative Technology & Metaverse Theme ETF (3181/ 9181 HK) 의 구성에 대해 정리해보았다.2018년에 처음 선보인 해당 ETF는 섹터와 지역별 분산투자 혜택으로 글로벌, 미국, 중국 시장에 편중된 유사 상품들의 2개년, 3개년, 5개년 수익률을 능가하고 있다. 2019년, 2020년 강한 상승장 속 40%, 60%의 수익률을 시현했을 뿐 아니라, 2021년에는 -7%대의 수익률을 유지하며 상승장과 하락장에서 모두 아웃퍼폼하는 성과를 보여주었다. 해당 ETF는 아시아 테크 업종 내 전략적 성장 기회를 노리고 있는 투자자들에게 필요한 효과적이고 균형잡힌 투자 도구가 될 것이다. 

뉴노멀 시대를 위한 조정: 아시아의 혁신·메타버스 테마 속에서 찾은 기회

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Although a lot of unprecedented events happened in the past few years, financial market rallies have bolstered positive wealth effects and expanded the balance sheet for many investors – until recently. This year has been extremely challenging for even the most astute and well-researched investors. How do we make sense of so much uncertainty around inflation, geopolitical tension, recession, pandemic and more? Recently our Senior Advisor Dr. Jason Hsu, Chairman and CIO of Rayliant Global Advisors has published 7 Predictions for a Stagflation Economy, which raised some bold and perhaps uncomfortable possibilities that would be helpful for us all to reflect and prepare for. In this webinar, we shall discuss with Dr. Hsu live to decipher what might be the best way to weather the turbulent markets ahead, and while acknowledging diversification remains the free lunch in investing – what to diversify with? [Watch Replay Here]

[Premia x Rayliant Webinar] Conversation with Dr. Jason Hsu – 7 Predictions for a Stagflation Economy

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[Watch Now]The US Federal Reserve has signalled the imminent start of the transition from the Great Stimulus of 2020-2021 to policy tightening with rate hikes and tapering at a suggested pace that was at the high end of previous expectations. On the contrary as we kickstarted 2022, China has cut rates and it is expected that more easing measures would be introduced. Meanwhile foreign investors have also shown unprecedented appetite for Chinese government bonds as foreign holdings surged from less than 3% in 2016 to 10.8% at the end of 2021. Would this continue? What would be the outlook? What are the tailwind and headwind factors to consider for investors and asset allocators? Data & Venue23 Feb 2022, Hong Kong Opening RemarksPhoebe Leung, Senior Vice President, Head of Sales & Marketing, Bond Connect Company Limited Panel Discussion - CGB and RMB - 2022 Outlook and Allocation StrategyTracy Yeung, Assistant Vice President, Sales & Marketing, Bond Connect Company Limited (Moderator)Laura Lui, Partner & Co-CIO, Premia Partners Company LimitedChun Hong Chan, Partner, Co-Chief Executive Officer, CIO, Multi-Asset Strategies and Head of External Managers, Avanda Investment ManagementEdmund Ng, Founder & Chief Investment Officer, Eastfort Asset ManagementJonas von Oldenskiöld, Head of SwissRe Korea, former head of SwissRe Asset Management Asia Long Duration CGB ETF - Use Cases, Flows, Liquidity and Trading StrategyDavid Lai, Partner & Co-CIO, Premia Partners Co. Ltd.

[Bond Connect x Premia Partners Webinar] Chinese Government Bonds - Outlook and Investment Case for International Investors

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Vietnam has been one of the best performing markets this year surpassing even the US markets. With increased vaccination rate and lowering new infection cases, recently the government has also eased covid restrictions and lifted social distancing curbs across the country allowing business to resume economic activity

[Premia Webinar] Vietnam 2022 Outlook

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The regulatory crackdowns in China across multiple sectors have unnerved many international investors. Is China still investible for international investors? How should we configure for China opportunities in the new normal? Are megatrends still relevant going forward? In this webinar, Kinger Lau, Chief China Equity Strategist at Goldman Sachs, Xin Li, Managing Editor of Caixin Global joined our Partner & Co-CIO David Lai to share more about the manifestation of ESG and common prosperity from investment perspectives, and sectors that would be under multi-year policy headwinds and tailwinds under the 14th Five Year Plans. Please message us if you would like to watch the replay, and for a similar session on Oct 26 with David. please register HERE. 

Premia Webinar: China opportunities through the lens of ESG AND common prosperity

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Due to popular demand, we have recorded again the STAR50 webinar for those of you who missed it last week or would like a recap of the discussion. In the webinar we shared about the genesis and strategic focus of the STAR Board, the index methodology and key features of the STAR 50 index, and also some interesting examples of emerging innovation leaders across including semiconductors, cloud, AI, 5G, biotech and also new materials and new energy. With its lower correlation with mainstream CSI300, China ADRs as well as very low correlation with S&P500 and Nasdaq, we hope it would be a good tool to serve your diversification need as you reconfigure your China/ EM construct for the new normal. [WATCH NOW]

Premia Webinar: STAR 50 and emerging innovation leaders from China

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We are delighted to invite Edmund Ng, Founder & CIO of Eastfort Asset Management to share with us the nuances of investing in the China bond markets, and the tailwinds, headwinds and sweet spots for international investors. Edmund brings very deep understand of the China bond markets as a veteran practitioner, and was the Head of the Direct Investment Division of Hong Kong Monetary Authority (HKMA), which under his leadership started to diversify part of its large reserves into other asset classes including CNY bonds. [WATCH NOW] 

Premia Webinar: China bond markets: Conversation with Edmund Ng, Founder & CIO of Eastfort Asset Management

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2021년을 맞이하는 시작하는 시점에서, 그리고 여전히 코로나 바이러스와 저금리가 지속되는 상황 속에서, 저희는 아시아 지역의 성장을 바라보고 있습니다.거대한 중국 그리고 한국, 일본, 대만 등 글로벌 기술 경쟁력을 갖춘 국가들과 베트남에 이르기까지, 시장 전망과 함께 프리미아가 준비한 메가트렌드 기반 ETF 투자전략을 꼭 한 번 만나보시기 바라겠습니다. (웹세미나, 20분 이내)

Frequent topics in our discussions - on COVID, US China tension, position for 2021 and more

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Since COVID we have observed that many constituents in our Premia ETFs have been silver lining beneficiaries and continue rallying notwithstanding the market volatilities, unfolding COVID situation and US China tension. Here we share the conversation with our Co-CIO David Lai and team, on some frequent topics that come up often in our client conversations, especially around China new economy ETF (3173/ 9173 HK), which registered strong YTD return* of ~40% and have become the 4th largest A shares ETF in Hong Kong as consistent inflows since April tripled its AUM to ~US$285 million.Please click here for transcript to the disscussion.*as of October 12th 2020

Frequent Topics – COVID, US China tension, Tech sector rally, Asia megatrends and more

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Opportunities in quality growth leaders: China and Asia Innovative TechnologyThe world has been put to significant challenges and changes by COVID-19, which redefined economic growth and investment opportunities for investors.After winning the HKEx 2019 Top Performing ETF award with 45.2% return, the Premia New Economy ETF continued to be the rare strategy that scored strong positive YTD performance. What drives the resilience?Rather than just IT and internet, China New Economy and the sister version in Asia Innovative Technology sector leaders cover the major beneficiaries as megatrends opportunities in Urbanisation, Rising middle income class, Consumption upgrade, Aging population and rising need for healthcare, digital transformation in both To-C and To-B space, and technology enabled industrialisation 4.0 unfold.In this presentation, we discussed the two ETF strategies that aim to better capture the emerging growth markets and emerging growth sectors in China and Asia.

Citywire Switzerland (Jun 16 2020)

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Citywire Americas (Jun 5 2020)

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The Two Sessions are always of interest to the market for the key economic policies unveiled by Chinese leaders. At this year’s Two Sessions, China decided not to set a GDP growth target for the first time in decades, raised the budget deficit ratio above a long-held “red line,” issued special treasury bonds for the first time in the last 2 decades, and rolled out a host of measures to buoy employment and support economic recovery from Covid-19.

Virtual Discussion Forum in partnership with Caixin Global (REPLAY)

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 Given the trade tensions and looming risks of de-globalisation, it is likely that China will embark on a different growth path in the aftermath of COVID, and increasingly rely on domestic demand to drive growth. This structural shift holds significant implications for EM Asia. In fact, ASEAN replaced the European Union as China’s biggest trading partner in 1Q20. In this webinar, our co-CIO David Lai shares our research and insights on investing into ASEAN markets in light of the late COVID crisis, re-escalating US-China trade dispute and more importantly the gradual global supply chain reconfiguration. 

EM ASEAN & Vietnam: The “China Plus One” solution that is still hidden gem

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 China is in the early stage of restarting its economy, and China A shares market has held up relatively well compared to other global equities markets amid the COVID. In particular, our Premia China New Economy strategy has been very resilient throughout the crisis with YTD NAV performance of 10.7% (in CNY, as of May 26th, 2020). It has been consistently seeing inflows over the past months and is also among the best performing broad market China A ETFs globally. In this webinar, our co-CIO David Lai shares first-hand insights on the post-COVID impact, policy developments, and capital market flows of the Chinese market. As China recovers from the pandemic, how shall investors watch out for opportunities from the post-COVID recoveries, policy supports and new norms?

Why is China-A New Economy more resilient and better positioned through COVID and beyond?

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Some of you or your kids might have just started your animal crossing journey as the newest social activity amid the COVID lockdown. In fact, it was estimated that the global video game market generated over USD 150 billion in revenue by the end of 2019. Within video gaming, eSports, also known as Electronic Sports, which often takes the form of organized, multiplayer video game competitions has evolved over the last decade, into a significant, professional industry already. Global revenue in esports is estimated to be over 1 billion US dollars, and China currently accounts for about 20% of it. In this mini-webinar, we hope to share with you the latest interest findings about the virtual land of video gaming, eSports, and live streaming in China!

Through the looking glass - the virtual lands of eSports, gaming and live streaming in China

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As global asset prices have slumped on the back of the COVID-19 outbreak, concerns have arisen from supply chain disruptions to about global recession and a liquidity crisis. In this webinar, David Lai and Larry Kwok would discuss the lessons learned from the GFC, share our observations of some pandemic-led trends and implications, and suggest a few related investment ideas.

Investment opportunities amidst the COVID-19 Crisis

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As Asia deal with the challenges from the outbreak of coronavirus, one remarkable phenomenon is the massive behavioural change from offline to online across the billions population. In this webinar, we will share with you the key structural megatrends in Asia, how technology-enabled development is creating a more empowering, inclusive society, and how such blitzscaling opportunities can be captured in the form of our Asia Innovative Technology strategy.

Asia innovative technologies: capturing the new norms & sustainable growth opportunities

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We often hear from clients that they love certain Asia strategies, but have to resort to ETFs traded in the US or Europe due to ETF liquidity considerations. But what they really mean, is not the ETF liquidity itself, but rather the cost of liquidity that investors are worried about. Liquidity is a proxy for cost – the less liquid something is the more it’ll cost to get in and out, particularly during crises or market dislocations where whatever liquidity exists can go to 0. While a lot of investors trade Asian risk in the US and Europe, thinking that it is cheaper and more efficient where the ETF liquidity is, that is actually not the full picture. In this webinar, we would like to share with you a series of comparisons for a niche market, Vietnam, across ETFs listed in NY, London and HK. 