3173 (港元) | 9173 (美元)
以基本面多元因子策略把握新經濟轉型增長驅動力,高效配置消費、科技、醫療健康等新經濟領域
3181 (港元) | 9181 (美元)
以高效便捷的方式投資亞洲互聯網科技、人工智能、機器人自動化、生物醫療科技等創新前沿
2817 (港元) | 82817 (人民幣) | 9817(美元)
9177 (美元)
首檔證監會認可的高收益債券ETF,以一籃子多樣化有抵押及高級優先債權的中國房地產美元債券,獲取可觀的美元收益
3001 (港元) | 83001 (人民幣) | 9001(美元)
透明且低成本的獨特市場投資工具,協助投資者高效便利地投資於長久期中國政府債券
3077 (港元) | 9077 (美元)
9078 (美元)
投資流動性好、國債信用評級、久期短、利率風險極低的美國國庫浮息票據;總費率僅0.15%
3411 (港元) | 9411 (美元)
投資流動性好、國債信用評級、久期短、利率風險極低的美國國庫浮息票據;總費率僅0.15%
3453 (港元)
9159 (美元)
以高效便捷的方式投資亞洲互聯網科技、人工智能、機器人自動化、生物醫療科技等創新前沿
精選觀點 & Webinar
US equities sentiment is now maximum bullish despite great policy uncertainties – altogether posing considerable risk to late-cycle momentum chasers. The US economy had barely cooled down before it was stimulated by 100 basis points in rate cuts in just three months from September 2024. The cuts started just when the US economy was rebounding. More importantly, they came after US inflation started picking up again. In fact, the US stock market is now in the grip of “Trumpian euphoria” because market expects the incoming administration will likely be supportive of even stronger growth, through more debt and deficits and extreme economic nationalism. The imminent risk now is that the US will have to pay more for its borrowings despite its dominance of the global debt market. This is not about other countries bypassing the Dollar in trade. It is about inflation – which will likely be worsened by President-elect Trump’s inflationary policies – and the term premia. In this article, our Senior Advisor Say Boon Lim discusses why US equities are in a bubble, drivers behind the Trumpian Euphoria 2.0, and that the stubborn or even revived inflation are credible risks in 2025.
Dec 24, 2024
The latest developments in the battery industry continue to favour the world’s biggest players. Apart from their gains from the robust growth in EV sales, the latest developments in battery technology also work in their favour, given their significant investments in R&D spending. Over the next five years or so, lithium iron phosphate (LFP) and ternary (NCM) lithium batteries will remain the mainstream products in the mass and high-end segments respectively. These are the products that CATL and BYD lead globally. Beyond that, CATL and BYD are already moving rapidly in the area of solid-state batteries (SSBs), a potentially disruptive technology. In this article, we discuss about why the Chinese battery makers will continue to dominant the global market and benefit from their technological advancements that revolutionize the energy storage landscape.
Nov 15, 2024
The third quarter ended with a bang for mainland Chinese stocks, as twin announcements from China’s central bank and top fiscal policymakers gave both foreign and domestic investors plenty to think about over an extended market holiday during China’s October Golden Week. In this insight, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, explores the shift in sentiment that sent the onshore China markets higher for the quarter, breaking down the economic implications of a renewed and forceful stimulus push, the factor drivers of Q3 equity performance, and the data investors should be looking forward to as 2024 draws to a close.
Nov 15, 2024
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 09, 2024
As the US Fed rate cut gets imminent, the liquid Asia credit market also is set to benefit from a number of strong tailwinds. In addition to favourable macroeconomic fundamentals, the heterogenous region also offers benefits of broad geographic diversification benefits and positive reinforcement from continued market liberalization and more investor friendly reforms. Within this space, Asian investment grade (IG) bonds also enter a favourable “Goldilocks” scenario in particular, represent a sweet spot that international allocators sometimes overlook, offering meaningfully higher yields, better credit ratings, and shorter duration than their peer IG cohorts from the US and Europe.
Sep 16, 2024
Given the inextricable links between energy-hungry Artificial Intelligence and renewables, energy storage and smart grids are a necessary “final mile solution” in the intensifying AI race. They provide the critical capability to store and dispatch huge quantities of uninterrupted renewable energy/power on demand without compromising emission reduction targets. In this regard, China is uniquely positioned to tackle the related challenges of AI and renewable energy with its rapid development and upgrades of energy storage systems and smart grids. In fact the country has long been studying intertwined strategic relationship between AI, technology and energy, and studiously incorporate such thinking into its Five Year Plans, and which are subsequently being rolled out as China’s East Data West Computing initiative. Further to our recent insight on China’s “power infrastructure” as the critical enabler for AI-development, in this article, we zoom in on China’s capabilities and investment opportunities in energy storage as the linchpin that holds the last mile solution, and matches renewable energy production with industrial demand in China’s journey to a high-tech, modern society.
Sep 11, 2024
Premia 圖說
朱荣熙
Asia Investment Grade (IG) USD bonds continued to demonstrate more resilience performance compared to US Treasury bonds, which have not shown a significant rebound even as the MOVE index has substantially declined back to its year-low levels after the US presidential election. This trend may be attributed to ongoing investor concerns regarding the uncertainties that President-elect Trump may bring starting in January. In contrast, investors increasingly view Asia IG bonds as a safe choice, as evidenced by the narrowing spread against US Treasury bonds, which has reached the lowest level in the last decade. The spread may have room to tighten further as China shifts to a “moderately loose” monetary policy and expands fiscal spending, likely leading to lower local bond yields. This environment enhances the attractiveness of Asia IG USD bond yields. Diversifying a bond portfolio with Asia IG USD bonds may not only reduce volatility but also enhance returns. For those interested in including Asia IG bonds in their portfolios, our Premia J.P. Morgan Asia Credit Investment Grade Bond ETF, featuring a low expense ratio of just 0.23% per annum, stands out as a viable investment vehicle.
Dec 20, 2024