中国A股基石经济

2803 (港元) | 9803 (美元)

# A股
# 智能贝塔
# 多因子
# 低波动
# 价值投资

中国A股新经济

3173 (港元) | 9173 (美元)

# A股
# 智能贝塔
# 新经济
# 消费升级
# 高科技

亚洲创新科技

3181 (港元) | 9181 (美元)

# 数字化
# 人工智能
# 机器人
# 自动化
# 医疗科技

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NEW

2804 (港元) | 9804 (美元)

# 全球生产链
# 中产阶级兴起
# 消费升级

美国国库浮息票据 (分派)NEW

3077 (港元) | 9077 (美元)

美国国库浮息票据 (累计)NEW

9078 (美元)

# 3个月国库券
# 一周久期
# 税务效率
# 费率0.15%

为什么选Premia Partners?

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

精选观点

The deal is containment of conflict, not cessation of hostilitiesUS demands against China’s subsidies for State-Owned Enterprises (SOE) and control over the Renminbi remain unresolved core issuesUS targets for Chinese purchases over the next two years are extremely ambitious and at risk of not being metChina has bought some time to reduce its technology and trade dependence on the USChinese policy makers will likely maintain a cautious monetary and fiscal policy stance to avoid a “Japanese Bubble” outcome


Jan 16, 2020


With the current risk-on sentiment, it is reasonable for investors to look for growth area in the market. Yet, which sectors in China A-shares offer higher growth in 2020 based on the consensus forecast from the sell-side analyst? It would be essential to know beforehand for investors in allocating their assets in China market. That said, does it mean that anything outside the growth segments is not worth investing? Since China has been emphasizing on quality instead of quantity under the structural change of the economy, is it probable that there could be some hidden gems in the stable or slow-growth industries? We will try to answer these questions in this article.


Jan 15, 2020


2019 saw expensive asset classes get more expensive, a global yield back-up replaced by a yield rally, continued outperformance of DM over EM and Growth over Value (notwithstanding a few wobbles). As we approach 2020, we review market behavior during the last 12 months, the risk and opportunities going forward and make a few observations about trends that will dictate returns.


Dec 9, 2019


We review the history of Chinese consumption over the last 30-40 years and explain why we believe the Chinese consumer holds the key to global economic growth, not just in China but in every country connected to international markets.


Nov 11, 2019


Investors like to conceptualize mega trends into investment themes, which fund managers use to identify strong companies based on top-down investment approaches with a focus on broader, macroeconomic themes. New investment themes always emerge from time to time, such as dot.com around the millennium, social media & robotics in the past decade, or sharing economy & artificial intelligence not long ago. What do they have in common? Technology! A sudden shift in technology would make transformative changes that redefine work processes, rewrite the rules of competitive economic advantage, and eventually the structural breakthrough will bring the potential output to the next level. That’s why market is interested to find out if 5G is a crucial investment theme.


Nov 5, 2019


“Think about what is happening worldwide right now. The US is dragging down global growth by attempting to impose trade tariffs everywhere, China is facing a major economic slowdown, Japan continues their third “lost-decade”, Germany is heading into recession, and the UK is still debating with EU about the way of Brexit. These are just the highlights of how the top five economies are doing, not even mentioning the more troublesome territories such as Italy and Argentina which may have to deal with their escalating debt problems. These markets accounted for more than 70%-80% of the global stock markets depending on which particularly benchmark one is using to measure against the performance. The issue gets more complicated when the US market, weighting over 50% in most clients’ equity portfolio, seems to be exhausted after recording the longest bull run in history whilst still hovers at all-time high. The most imminent question among investors is where to find the peace in the midst of the storm.”


Oct 22, 2019

Premia 图说
  • 赖子健 , CFA

    合伙人兼联合首席投资官

Chinese liquor stocks were one of the best performing segments in the rally last year. The largest 5 names including Kweichow Moutai, Wuliangye Yibin, Luzhou Laojiao, Shanxi Fen Wine and Anhui Gujing Distillery recorded an annual return ranging between 103% and 166%, more than double or even triple the market performance. If comparing their current valuation with the 10-year average figures, we can see that there is a substantial multiple expansion among all of them. For example, Kweichow Moutai is trading at a current PE of 34.1x versus a 10-year average of 24x, and a current PB of 11.2x versus a 10-year average of 7.4x. It is rational for any investor to doubt if there is room for further re-rating, in particular a few leading companies in the industry have reported lower-than-expected sales numbers lately.

Jan 21, 2020
来自合作伙伴

本网站由Premia Partners Company Limited(“Premia Partners”)拥有和管理。 Premia Partners保留在不通知的情况下更改、修改、添加或删除本网站的任何内容和条款及细则的权利。建议用户定期检阅本网站的内容以熟悉任何修改。

交易所买卖基金像股票一样交易,受投资风险影响、市场价值波动,并可能以高于或低于交易所交易基金资产净值的价格进行交易。经纪佣金和交易所交易基金开支将会降低回报。本网站所载的表现数据仅供参考。过往表现并不代表未来表现。有意投资基金的人士在作出任何投资决定前,应详细阅读有关基金发售文件(包括其中所载的风险因素的全文)。

本网站由Premia Partners编制,未经证券及期货事务监察委员会审阅。

©2020 Premia Partners Company Limited. All rights reserved