HONG
KONG, May 1, 2024 /CNW/ -- Premia Partners, a
leading ETF provider from Hong
Kong, announces today fee reduction of its Premia
Vietnam ETF (the ETF) and change of the underlying index to
S&P Vietnam Core Index (USD) NTR (the index) with
immediate effect.
Total expense ratio of the ETF would be lowered from 0.75% to
0.70% per annum, reflecting Premia's commitment to offering
competitive pricing and enhancing value for investors. The
physically replicated ETF offers cost-efficient and convenient
access to the fast-growing Vietnam
equity markets, and the new index was introduced to enhance the
asset allocation and risk diversification of the ETF and better
reflect opportunities from continued growth and development of the
Vietnam stock markets.
- Broad market coverage: Premia
Vietnam ETF (Tickers: 2804 HKD /
9804 USD) offers broad all-cap
coverage for Vietnam. The
index it tracks intends to cover 90% of float-adjusted market
capitalization of the S&P Vietnam BMI, representing the
largest and most liquid Vietnamese stocks listed on the
Ho Chi Minh and Hanoi Stock
Exchanges.
- Reflect continued development of the
Vietnam stock markets: rather
than restricting coverage to a fixed number of constituents, the
index tracked by the ETF is not set to a predefined number of
constituents and continues to expand coverage as the markets
grow and evolve.
- 15% Single stock cap: for better
diversification and risk management, the new index provides a
single constituent weight cap of 15% to ensure low concentration
risk.
"Providing thoughtful, institutional grade access tools for
Asia is always close to our hearts
at Premia. For us it is not just about launching new products, but
also constantly updating features of our existing ETFs to enhance
value propositions for investors." said Rebecca Chua, Managing Partner of Premia
Partners. "The fee reduction and index change of our Vietnam ETF
would be timely enhancements for investors looking for cost
efficient, diversified allocation tool to capture growth
opportunities in the rapidly developing Vietnam equity markets."
"S&P Dow Jones Indices is excited to license the S&P
Vietnam Core Index to Premia Partners for its ETF," said
John Welling, Senior Director and
Head of Global Equity Indices at S&P Dow Jones Indices. "The
index is designed to provide an objective and transparent
underlying view into the fast-growing Vietnamese market and
economy. By measuring the performance of the largest and most
liquid Vietnamese stocks, the index offers market participants a
comprehensive data set to gauge Vietnam equity markets."
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 May 2nd 2024, Premia Partners manages
9 ETFs in Hong Kong. For more
information on Premia or Premia ETFs covering China, Emerging ASEAN, Asia Metaverse/
Innovative Technology, Vietnam, China
high yield bonds, China government bonds and US Treasury,
please visit www.premia-partners.com
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SOURCE Premia Partners