中国A股基石经济

2803 (港元) | 9803 (美元)

# A股
# 智能贝塔
# 多因子
# 价值
# 低波动
# 规模
# 质量

中国A股新经济

3173 (港元) | 9173 (美元)

# A股
# 新经济
# 新基建
# 十四五
# 高质量增长
HKEX ETF Awards 2019_Top Performing ETF

亚洲创新科技

3181 (港元) | 9181 (美元)

# 智能电动车
# 人工智能
# 机器人
# 自动化
# 生命科学
# 5G
# 电子竞技
# 半导体

新兴东盟市场

2810 (港元) | 9810 (美元)

# 越南
# 泰国
# 马来西亚
# 菲律宾
# 印尼

MSCI 越南市场

2804 (港元) | 9804 (美元)

# 供应链
# 中产阶级
# 消费升级

美国国库浮息票据 (分派)

3077 (港元) | 9077 (美元)

美国国库浮息票据 (累计)

9078 (美元)

# 国库券
# 一周久期
# 税务效率
# 费率0.15%

中国长久期政府债券NEW

2817 (港元) | 82817 (人民币) | 9817(美元)

# 中国债券
# 长期
# 政府债券
# 人民币
# 指数纳入

中国房地产美元债NEW

3001 (港元) | 83001 (人民币) | 9001(美元)

# 中国债券
# 高息债
# 美元
# 亚洲信用债

精选观点
premia headline

A popular media narrative for the recent correction in Chinese equities was that it was caused by tightening of financial conditions in China.


Mar 31, 2021


Being the first-in-first-out, China has been the first one to reopen and recover from the pandemic last year. While the recovery has been uneven and is still underway going into 2021, in Q4 we observed sector and factor rotation started to kick in, with Value and LowRisk being the best performers toward the year end.


Mar 23, 2021


Economic policy settings between the United States and China – which have been diverging since the onset of the COVID-19 pandemic – are now on stark display as a result of the recent outcomes of the annual plenary session of the National People’s Congress.


Mar 18, 2021


The great divergence between economic growth in China versus the rest of the Emerging Markets post-COVID-19 has increased the likelihood of a parting of ways between China and EM in asset allocations.


Mar 9, 2021


US sanctions on trade, technology, and financial market access have done little to dampen foreign investor enthusiasm for China. There has been a surge in foreign investment flows, both portfolio and direct, into China over the course of 2020: All of which begs the questions “why” and “how sustainable is this”?


Feb 25, 2021


Little speculative manias are bubbling up to the surface in the US markets. But while financial instability is growing in the United States as a result of aggressive monetary expansion, a collapse in the equities market does not appear imminent given tame inflation and ultra-low rates and yields.


Feb 16, 2021

Premia 图说
  • 赖子健 , CFA

    合伙人兼联合首席投资官

Covid-19 and lockdowns would have resulted in surging defaults in the past 12 months, but it did not happen anywhere. Both US and European high yield bonds are even trading close to their record low yield level as investors are willing to chase potential higher return in a low-rate environment. The attractive yield spread offered by Asian borrowers including Chinese ones over their peers in the US and Europe seems unjustified given the strong economic recovery in Asia. The recent tumble of China high yield bonds triggered by Huarong’s failure to publish 2020 preliminary earnings by the end of March may provide a buy-on-dip window to accumulate quality issues. Alternatively, Premia China USD Property Bond ETF (3001.HK) could be a handy instrument, which invests in a diversified basket of bonds issued by China real estate firms offering a yield of 7%. It mitigates risks by (1) eliminating all local government financial vehicle issues; (2) applying 5% cap at issuer group level; (3) cutting off the long tail with an effective duration around 2 years; (4) selecting secured and senior unsecured issues only; and (5) removing any non-rated bonds.

Apr 15, 2021
来自合作伙伴

为什么选睿亚资产?

致力研究开发ETF的独立资产管理公司

什么是智能贝塔?

基于规则或量化的方法,更有效实现贝塔及阿尔法

关注动态

欢迎订阅我们的电子报,随时更新最新动态