China Bedrock Economy
A multi-factor approach to capture high quality contributors to China's real economy growth
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China A Bedrock
2803 (HKD) | 9803 (USD)
# A-shares# Smart Beta# Multi-factor# Value# LowVol# Size# Quality
China A New Economy
3173 (HKD) | 9173 (USD)
# A-shares# New Economy# NewInfrastructure# 14FYP# QualityGrowth# 2060 net-zero
Premia China STAR50 ETF
3151 (HKD) | 83151 (RMB) | 9151 (USD)
# A-shares# STAR BOARD# Semiconductor# AI# Biotech# 2060 net-zero
Asia Innovative Tech and Metaverse
3181 (HKD) | 9181 (USD)
# Smart EV# AI# Robotics# Automation# 5G# eSports# Semiconductor
Emerging ASEAN Titans
2810 (HKD) | 9810 (USD)
# Vietnam# Thailand# Malaysia# Philippines# Indonesia
MSCI Vietnam
2804 (HKD) | 9804 (USD)
# Supply Chain# Middle Income Class# Consumption Upgrade
China Government Bonds (Unhedged)
2817 (HKD) | 82817 (RMB) | 9817 (USD)
China Government Bonds (USD Hedged)
9177 (USD) NEW
# China Bonds# Long Duration# Government Bonds# RMB# Index Inclusion# USD Hedged
China USD Property Bonds
3001 (HKD) | 83001 (RMB) | 9001 (USD)
# China Bonds# High Yield# USD# Asia Credit
US Treasury Floating Rate (Dis)
3077 (HKD) | 9077 (USD)
US Treasury Floating Rate (Acc)
9078 (USD)
# 3-month T bills# One Week Duration# Tax Efficient
China A Bedrock
2803 (HKD) | 9803 (USD)China A New Economy
3173 (HKD) | 9173 (USD)Premia China STAR50 ETF
3151 (HKD) | 83151 (RMB) | 9151 (USD)Asia Innovative Tech and Metaverse
3181 (HKD) | 9181 (USD)Emerging ASEAN Titans
2810 (HKD) | 9810 (USD)MSCI Vietnam
2804 (HKD) | 9804 (USD)China Government Bonds (Unhedged)
2817 (HKD) | 82817 (RMB) | 9817 (USD)China Government Bonds (USD Hedged)
9177 (USD)China USD Property Bonds
3001 (HKD) | 83001 (RMB) | 9001 (USD)US Treasury Floating Rate (Dis)
3077 (HKD) | 9077 (USD)US Treasury Floating Rate (Acc)
9078 (USD)FEATURED INSIGHTS & WEBINAR
ChinaA-sharesBedrock economyValueSmart BetaFactor InvestingEconomic RecoveryTechnologyNew EconomySTAR BOARD
Investors used to prefer privately owned enterprises (POEs) over state owned enterprises (SOEs) in owning Chinese equities in the past. This was under the conventional thinking that the former tends to be more efficient, growth and profit-oriented, and innovation driven, while the latter is often constrained by more bureaucracy and non-profit priorities including social responsibility, support employment and social stability, and traditional DNA that are less conducive to changes and innovations. With strong government backing and all the new government policies promoting the SOE reforms and emphasizing SOEs’ value discovery, it may be time to challenge the stereotype as there emerge a new cohort of SOEs that begs to differ and have full backing of policy makers to reinvent themselves and unlock values to commensurate their contributions to the real economy. In this article we discuss the background behind the SOE re-rating/ revaluation trade that has become popular lately, and identify the optimal way in getting the right exposure of Chinese SOEs.
May 26, 2023
ChinaA-sharesBedrock economyValueSmart BetaFactor InvestingEconomic RecoveryTechnologyNew EconomySTAR BOARD
Investors used to prefer privately owned enterprises (POEs) over state owned enterprises (SOEs) in owning Chinese equities in the past. This was under the conventional thinking that the former tends to be more efficient, growth and profit-oriented, and innovation driven, while the latter is often constrained by more bureaucracy and non-profit priorities including social responsibility, support employment and social stability, and traditional DNA that are less conducive to changes and innovations. With strong government backing and all the new government policies promoting the SOE reforms and emphasizing SOEs’ value discovery, it may be time to challenge the stereotype as there emerge a new cohort of SOEs that begs to differ and have full backing of policy makers to reinvent themselves and unlock values to commensurate their contributions to the real economy. In this article we discuss the background behind the SOE re-rating/ revaluation trade that has become popular lately, and identify the optimal way in getting the right exposure of Chinese SOEs.
May 26, 2023
China’s stock market rode a wave of positive sentiment on a policy shift that brought the world’s second-largest economy out of lockdown, pushing the CSI 300 Index up 4.7% for the quarter and leading to even stronger performance for strategies applying intelligent factor tilts within the bedrock economy and new economy. Even so, macro data throughout the quarter charting China’s recovery from strict zero-COVID containment measures led some investors to question the strength and sustainability of the nation’s economic rebound. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors discusses first-quarter performance and considers what the next phase of China’s reopening could mean for investors.
May 18, 2023
China’s stock market rode a wave of positive sentiment on a policy shift that brought the world’s second-largest economy out of lockdown, pushing the CSI 300 Index up 4.7% for the quarter and leading to even stronger performance for strategies applying intelligent factor tilts within the bedrock economy and new economy. Even so, macro data throughout the quarter charting China’s recovery from strict zero-COVID containment measures led some investors to question the strength and sustainability of the nation’s economic rebound. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors discusses first-quarter performance and considers what the next phase of China’s reopening could mean for investors.
May 18, 2023
SemiconductorSTAR BOARDA-sharesHardcore TechnologyInnovationTechnologyAdvanced ManufacturingAINew Materials
Internet platforms used to be the dominating forces in driving China’s tech cycle in the last decade, but their high-growth phases in e-commerce, gaming, ride-hailing and last-mile delivery are slowing substantially as indicated by the latest result announcement and management guidance. Changes in government policy, antitrust concerns, breach of data security and maturing markets are all pointing to a less promising outlook of their business models. On the contrary, hardcore technology, particularly the semiconductor, is the rising star in the market despite the increasing hostile actions taken by the Biden administration. This article would explain why semiconductor will be one of the key focuses of China’s stock market in the foreseeable future and how Premia China STAR50 ETF is the right tool to capture the industry opportunities as investors reposition for the paradigm shift in the technology space in China.
May 4, 2023
SemiconductorSTAR BOARDA-sharesHardcore TechnologyInnovationTechnologyAdvanced ManufacturingAINew Materials
Internet platforms used to be the dominating forces in driving China’s tech cycle in the last decade, but their high-growth phases in e-commerce, gaming, ride-hailing and last-mile delivery are slowing substantially as indicated by the latest result announcement and management guidance. Changes in government policy, antitrust concerns, breach of data security and maturing markets are all pointing to a less promising outlook of their business models. On the contrary, hardcore technology, particularly the semiconductor, is the rising star in the market despite the increasing hostile actions taken by the Biden administration. This article would explain why semiconductor will be one of the key focuses of China’s stock market in the foreseeable future and how Premia China STAR50 ETF is the right tool to capture the industry opportunities as investors reposition for the paradigm shift in the technology space in China.
May 4, 2023
Some traders borrow the expression “the postman always rings twice” from the title of that 1981 movie. It is to make the point that markets often give investors a few opportunities to get in or get out. We believe the first time the “postman” rang already for a downtrend when the S&P 500 hit an intra-day high of 4195 in early February but it failed to sustain above the 50.0% Fibonacci retracement of the decline from January 2022 to October 2022. In this article, our Senior Advisor Say Boon Lim discusses the valuations and earning forecasts for US markets, and the “postman” may just have rung a second time when the S&P 500 was once again testing its 78.6% Fibonacci retracement resistance.
Apr 13, 2023
Some traders borrow the expression “the postman always rings twice” from the title of that 1981 movie. It is to make the point that markets often give investors a few opportunities to get in or get out. We believe the first time the “postman” rang already for a downtrend when the S&P 500 hit an intra-day high of 4195 in early February but it failed to sustain above the 50.0% Fibonacci retracement of the decline from January 2022 to October 2022. In this article, our Senior Advisor Say Boon Lim discusses the valuations and earning forecasts for US markets, and the “postman” may just have rung a second time when the S&P 500 was once again testing its 78.6% Fibonacci retracement resistance.
Apr 13, 2023
Banking failures in the US, the recent epic takeover of Credit Suisse and the wipe out of its AT1, speak volumes about the stage of the cycle in Developed Markets. In particular, they warn against underestimating the risks at this stage of the asset and economic cycles. The Fed now risks a return to 1970-1985 if it loses its nerve on rates, and it is going into battle with very little – rates are lower than at previous cyclical bottoms and inflation is higher. In this article, our Senior Advisor Say Boon Lim shares his reflections on the US cycle, inflations, rates and asset markets, and while US asset market outlook is worrying, why China is increasingly becoming a safe haven trade for investors.
Mar 20, 2023
Banking failures in the US, the recent epic takeover of Credit Suisse and the wipe out of its AT1, speak volumes about the stage of the cycle in Developed Markets. In particular, they warn against underestimating the risks at this stage of the asset and economic cycles. The Fed now risks a return to 1970-1985 if it loses its nerve on rates, and it is going into battle with very little – rates are lower than at previous cyclical bottoms and inflation is higher. In this article, our Senior Advisor Say Boon Lim shares his reflections on the US cycle, inflations, rates and asset markets, and while US asset market outlook is worrying, why China is increasingly becoming a safe haven trade for investors.
Mar 20, 2023
ChinaChina New EconomySTAR BOARDInnovationReopeningConsumption UpgradeQualityGrowthInflationInterest rateHigh-techAI5GSemiconductorGreen EconomyNew Energy
China markets witnessed strong rally since Oct 2022 trough upon China reopening and covid policy pivot, and we start to see investor flows rotating from offshore to A-shares which are expected to outperform with a longer run for rally. Where are we in China’s reopening trajectory? Who are the policy supported sector leaders well placed to outperform? These are the common questions frequently asked by our clients. In this article, we discuss the 10 most frequently asked questions that came up in our recent conversations with investors and allocators, and share more color about pockets of opportunities as China reopening evolves into the second act for economic growth recovery.
Mar 17, 2023
ChinaChina New EconomySTAR BOARDInnovationReopeningConsumption UpgradeQualityGrowthInflationInterest rateHigh-techAI5GSemiconductorGreen EconomyNew Energy
China markets witnessed strong rally since Oct 2022 trough upon China reopening and covid policy pivot, and we start to see investor flows rotating from offshore to A-shares which are expected to outperform with a longer run for rally. Where are we in China’s reopening trajectory? Who are the policy supported sector leaders well placed to outperform? These are the common questions frequently asked by our clients. In this article, we discuss the 10 most frequently asked questions that came up in our recent conversations with investors and allocators, and share more color about pockets of opportunities as China reopening evolves into the second act for economic growth recovery.
Mar 17, 2023
Chart of the Week
Alex ChuDirector and Portfolio Manager
Three out of five emerging ASEAN countries’ manufacturing PMI remained expanding in April, unlike the North Asia countries that are mostly contracting. Thailand’s PMI even rose to 60.4 reaching an all-time high. The overall higher PMI in emerging ASEAN countries may indicate their underlying economy is still strong, despite interest rate hikes by the central banks, as companies move some of their factories to these countries to diversify supply chain risk. Although Malaysia CPI has weakened more than expected to 3.4% YoY, Malaysia’s central bank still unexpectedly raised its benchmark interest rate by 25 bps. The emerging ASEAN equities market may be a good tool to diversify portfolio risk given the US regional bank turmoil and its possibility of entering into a recession. Investors, who would like to capture the growth of emerging ASEAN countries and diversify their portfolio risk, may have a look at our Premia Dow Jones Emerging ASEAN Titans 100 ETF (2810.HK), which targets the 100 largest and most established companies in Thailand, Malaysia, Indonesia, The Philippines and Vietnam, based on market cap, revenue, and net income, with no more than 8% and 25% in each company and country, respectively.
May 9, 2023PREMIA POINT OF VIEW - WEBINARS
See More Webinars...FROM OUR PARTNERS
Chart of the Week
- Alex Chu
Director and Portfolio Manager
Three out of five emerging ASEAN countries’ manufacturing PMI remained expanding in April, unlike the North Asia countries that are mostly contracting. Thailand’s PMI even rose to 60.4 reaching an all-time high. The overall higher PMI in emerging ASEAN countries may indicate their underlying economy is still strong, despite interest rate hikes by the central banks, as companies move some of their factories to these countries to diversify supply chain risk. Although Malaysia CPI has weakened more than expected to 3.4% YoY, Malaysia’s central bank still unexpectedly raised its benchmark interest rate by 25 bps. The emerging ASEAN equities market may be a good tool to diversify portfolio risk given the US regional bank turmoil and its possibility of entering into a recession. Investors, who would like to capture the growth of emerging ASEAN countries and diversify their portfolio risk, may have a look at our Premia Dow Jones Emerging ASEAN Titans 100 ETF (2810.HK), which targets the 100 largest and most established companies in Thailand, Malaysia, Indonesia, The Philippines and Vietnam, based on market cap, revenue, and net income, with no more than 8% and 25% in each company and country, respectively.
May 9, 2023PREMIA POINT OF VIEW - WEBINARS
See More Webinars...FEATURED INSIGHTS & WEBINAR
ChinaA-sharesBedrock economyValueSmart BetaFactor InvestingEconomic RecoveryTechnologyNew EconomySTAR BOARD
Investors used to prefer privately owned enterprises (POEs) over state owned enterprises (SOEs) in owning Chinese equities in the past. This was under the conventional thinking that the former tends to be more efficient, growth and profit-oriented, and innovation driven, while the latter is often constrained by more bureaucracy and non-profit priorities including social responsibility, support employment and social stability, and traditional DNA that are less conducive to changes and innovations. With strong government backing and all the new government policies promoting the SOE reforms and emphasizing SOEs’ value discovery, it may be time to challenge the stereotype as there emerge a new cohort of SOEs that begs to differ and have full backing of policy makers to reinvent themselves and unlock values to commensurate their contributions to the real economy. In this article we discuss the background behind the SOE re-rating/ revaluation trade that has become popular lately, and identify the optimal way in getting the right exposure of Chinese SOEs.
May 26, 2023
ChinaA-sharesBedrock economyValueSmart BetaFactor InvestingEconomic RecoveryTechnologyNew EconomySTAR BOARD
Investors used to prefer privately owned enterprises (POEs) over state owned enterprises (SOEs) in owning Chinese equities in the past. This was under the conventional thinking that the former tends to be more efficient, growth and profit-oriented, and innovation driven, while the latter is often constrained by more bureaucracy and non-profit priorities including social responsibility, support employment and social stability, and traditional DNA that are less conducive to changes and innovations. With strong government backing and all the new government policies promoting the SOE reforms and emphasizing SOEs’ value discovery, it may be time to challenge the stereotype as there emerge a new cohort of SOEs that begs to differ and have full backing of policy makers to reinvent themselves and unlock values to commensurate their contributions to the real economy. In this article we discuss the background behind the SOE re-rating/ revaluation trade that has become popular lately, and identify the optimal way in getting the right exposure of Chinese SOEs.
May 26, 2023
China’s stock market rode a wave of positive sentiment on a policy shift that brought the world’s second-largest economy out of lockdown, pushing the CSI 300 Index up 4.7% for the quarter and leading to even stronger performance for strategies applying intelligent factor tilts within the bedrock economy and new economy. Even so, macro data throughout the quarter charting China’s recovery from strict zero-COVID containment measures led some investors to question the strength and sustainability of the nation’s economic rebound. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors discusses first-quarter performance and considers what the next phase of China’s reopening could mean for investors.
May 18, 2023
China’s stock market rode a wave of positive sentiment on a policy shift that brought the world’s second-largest economy out of lockdown, pushing the CSI 300 Index up 4.7% for the quarter and leading to even stronger performance for strategies applying intelligent factor tilts within the bedrock economy and new economy. Even so, macro data throughout the quarter charting China’s recovery from strict zero-COVID containment measures led some investors to question the strength and sustainability of the nation’s economic rebound. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors discusses first-quarter performance and considers what the next phase of China’s reopening could mean for investors.
May 18, 2023
SemiconductorSTAR BOARDA-sharesHardcore TechnologyInnovationTechnologyAdvanced ManufacturingAINew Materials
Internet platforms used to be the dominating forces in driving China’s tech cycle in the last decade, but their high-growth phases in e-commerce, gaming, ride-hailing and last-mile delivery are slowing substantially as indicated by the latest result announcement and management guidance. Changes in government policy, antitrust concerns, breach of data security and maturing markets are all pointing to a less promising outlook of their business models. On the contrary, hardcore technology, particularly the semiconductor, is the rising star in the market despite the increasing hostile actions taken by the Biden administration. This article would explain why semiconductor will be one of the key focuses of China’s stock market in the foreseeable future and how Premia China STAR50 ETF is the right tool to capture the industry opportunities as investors reposition for the paradigm shift in the technology space in China.
May 4, 2023
SemiconductorSTAR BOARDA-sharesHardcore TechnologyInnovationTechnologyAdvanced ManufacturingAINew Materials
Internet platforms used to be the dominating forces in driving China’s tech cycle in the last decade, but their high-growth phases in e-commerce, gaming, ride-hailing and last-mile delivery are slowing substantially as indicated by the latest result announcement and management guidance. Changes in government policy, antitrust concerns, breach of data security and maturing markets are all pointing to a less promising outlook of their business models. On the contrary, hardcore technology, particularly the semiconductor, is the rising star in the market despite the increasing hostile actions taken by the Biden administration. This article would explain why semiconductor will be one of the key focuses of China’s stock market in the foreseeable future and how Premia China STAR50 ETF is the right tool to capture the industry opportunities as investors reposition for the paradigm shift in the technology space in China.
May 4, 2023
Some traders borrow the expression “the postman always rings twice” from the title of that 1981 movie. It is to make the point that markets often give investors a few opportunities to get in or get out. We believe the first time the “postman” rang already for a downtrend when the S&P 500 hit an intra-day high of 4195 in early February but it failed to sustain above the 50.0% Fibonacci retracement of the decline from January 2022 to October 2022. In this article, our Senior Advisor Say Boon Lim discusses the valuations and earning forecasts for US markets, and the “postman” may just have rung a second time when the S&P 500 was once again testing its 78.6% Fibonacci retracement resistance.
Apr 13, 2023
Some traders borrow the expression “the postman always rings twice” from the title of that 1981 movie. It is to make the point that markets often give investors a few opportunities to get in or get out. We believe the first time the “postman” rang already for a downtrend when the S&P 500 hit an intra-day high of 4195 in early February but it failed to sustain above the 50.0% Fibonacci retracement of the decline from January 2022 to October 2022. In this article, our Senior Advisor Say Boon Lim discusses the valuations and earning forecasts for US markets, and the “postman” may just have rung a second time when the S&P 500 was once again testing its 78.6% Fibonacci retracement resistance.
Apr 13, 2023
Banking failures in the US, the recent epic takeover of Credit Suisse and the wipe out of its AT1, speak volumes about the stage of the cycle in Developed Markets. In particular, they warn against underestimating the risks at this stage of the asset and economic cycles. The Fed now risks a return to 1970-1985 if it loses its nerve on rates, and it is going into battle with very little – rates are lower than at previous cyclical bottoms and inflation is higher. In this article, our Senior Advisor Say Boon Lim shares his reflections on the US cycle, inflations, rates and asset markets, and while US asset market outlook is worrying, why China is increasingly becoming a safe haven trade for investors.
Mar 20, 2023
Banking failures in the US, the recent epic takeover of Credit Suisse and the wipe out of its AT1, speak volumes about the stage of the cycle in Developed Markets. In particular, they warn against underestimating the risks at this stage of the asset and economic cycles. The Fed now risks a return to 1970-1985 if it loses its nerve on rates, and it is going into battle with very little – rates are lower than at previous cyclical bottoms and inflation is higher. In this article, our Senior Advisor Say Boon Lim shares his reflections on the US cycle, inflations, rates and asset markets, and while US asset market outlook is worrying, why China is increasingly becoming a safe haven trade for investors.
Mar 20, 2023
ChinaChina New EconomySTAR BOARDInnovationReopeningConsumption UpgradeQualityGrowthInflationInterest rateHigh-techAI5GSemiconductorGreen EconomyNew Energy
China markets witnessed strong rally since Oct 2022 trough upon China reopening and covid policy pivot, and we start to see investor flows rotating from offshore to A-shares which are expected to outperform with a longer run for rally. Where are we in China’s reopening trajectory? Who are the policy supported sector leaders well placed to outperform? These are the common questions frequently asked by our clients. In this article, we discuss the 10 most frequently asked questions that came up in our recent conversations with investors and allocators, and share more color about pockets of opportunities as China reopening evolves into the second act for economic growth recovery.
Mar 17, 2023
ChinaChina New EconomySTAR BOARDInnovationReopeningConsumption UpgradeQualityGrowthInflationInterest rateHigh-techAI5GSemiconductorGreen EconomyNew Energy
China markets witnessed strong rally since Oct 2022 trough upon China reopening and covid policy pivot, and we start to see investor flows rotating from offshore to A-shares which are expected to outperform with a longer run for rally. Where are we in China’s reopening trajectory? Who are the policy supported sector leaders well placed to outperform? These are the common questions frequently asked by our clients. In this article, we discuss the 10 most frequently asked questions that came up in our recent conversations with investors and allocators, and share more color about pockets of opportunities as China reopening evolves into the second act for economic growth recovery.
Mar 17, 2023
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