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Hong Kong asset manager launches two ETFs

Hong Kong asset manager launches two ETFs

Hong Kong’s Premia Partners has launched two new exchange-traded funds (ETFs) that focus on Asia growth opportunities.

The two new ETFs – Premia Asia Innovative Technology ETF and Premia Dow Jones Emerging Asean Titans 100 ETF – were listed on the Hong Kong Stock Exchange on 6 August.

The Premia Dow Jones Emerging Asean Titans 100 ETF invests in the growth economies in emerging Asean leaders, while the Premia Asia Innovative Technology ETF taps the growth sectors by Asia-based innovative technology leaders.

The company's spokesperson told Citywire Asia that global investors are looking for high growth opportunities beyond Facebook, Amazon, Netflix and Google stocks, as well as the China and India story.

'We feel technology-enabled innovations will continue to drive regional economic growth from a sectoral perspective,' the spokesperson said.

Meanwhile, from a geographical perspective, the emerging Asean countries are reaching a tipping point to pick up exponential growth as they enter into a consumption stage.

Both ETFs have a total expense ratio (TER) of 0.50%, compared to the median TER of around 0.85% for all Hong Kong-listed ETFs.  

The newly-listed ETFs are physically replicated and do not employ any derivatives, leverage or securities lending.

Technology-focused

The Premia Asia Innovative Technology ETF tracks the Premia FactSet Asia Innovative Technology Index.

The ETF gives investors exposure to a diversified basket of 50 top Asia-based leaders in innovative and disruptive technology.

These include companies that are engaged in emerging and disruptive solutions across technology-enabled sectors of digital transformation, healthcare and life sciences, as well as robotics and automation.

The companies are selected for their significant revenue from the FactSet Revere Business Industry Classification System (RBICS)’s innovative technology sub-sectors, as well as their growth characteristics, and their consistent investment in research and development.

The ETF utilises FactSet RBICS company revenue analytics to identify industry leaders in over 130 innovative technology sectors.  

Asean-focused

The Premia Dow Jones Emerging Asean Titans 100 ETF, meanwhile, tracks the Dow Jones Emerging Asean Titans 100 Index.

The index aims to capture 100 leading companies from Indonesia, Malaysia, Philippines, Thailand and Vietnam.

The company said emerging Asean countries are repeating China’s growth trajectory during the past two decades. Growth investors can look at emerging Asean countries as an alternative to China.

Michael Orzano, senior director for global equity indices at S&P Dow Jones Indices, said there is a growing interest in the Asean region due to its favorable demographics and consumer-driven growth.

The Dow Jones Emerging Asean Titans 100 Index is designed to efficiently capture the Asean growth story by measuring the performance of the largest, most well-established companies from the emerging Asean countries.

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