Premia Vietnam ETF

[*] Market prices are provided on a 15-minute delayed basis. IOPV calculations and delayed market data as shown on the Hong Kong Website (the “data”) provided by Solactive AG and HKEX Information Services Limited, and their respective holding companies and/or any subsidiaries of such holding companies, do not guarantee the accuracy or reliability of the data provided and accept no liability (whether in tort or contract or otherwise) for any loss or damage you may suffer or incur arising out of or in connection with your use of the data, including loss or damage which arises out of the data being inaccurate, incomplete or delayed, and however such loss or damage arises. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

Important Notice

The ETF tracks the performance of its underlying index which does not incorporate Environment, Social and Governance factors in its key investment focus. The current disclosures are made in accordance with SFC guidelines following the Manager’s climate-related risk assessments. Applicability and extent of disclosures shall be assessed on periodical basis.

IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of Premia Vietnam ETF (the "Sub-Fund") for details, including the risk factors. Investors should not base investment decisions on this marketing material alone. Investors should note:

The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of S&P Vietnam Core Index (USD) NTR (“Index”).

Vietnam concentration and emerging market risk
Equity market risks – The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.

Vietnam stock exchange risks – The Ho Chi Minh and Hanoi Stock Exchanges of Vietnam may have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Sub-Fund.

Vietnam concentration risk – The Sub-Fund's investment are concentrated in Vietnam, which is an emerging market, and may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.

Emerging market risk – The performance of the Sub-Fund may be affected by political developments in Vietnam, changes in government policies and changes in regulatory requirements (such as the imposition of restrictions on foreign exchange or transfer of capital, and limitations on inward investments and securities trading). In addition, the regulatory framework and legal system in Vietnam may not provide the same degree of investor information or protection as would generally apply to more developed markets.

Investments in Vietnam may be less liquid and experience greater volatility than investments in more developed markets due to generally lower trading volumes, smaller market capitalisations of companies and potential settlement difficulties in Vietnam, which may adversely affect the value of the Sub-Fund.

The Index may have only a limited number of index constituents. The Index would be more easily affected by the price movements of any one index constituent than an index which has a larger number of index constituents, and the performance of the Sub-Fund is more dependent on and affected by the share prices of a limited number of issuers.

Risk associated with mid-capitalisation companies
The stock of mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.

Risks of investing in FDIs
Risks associated with FDI include counterparty / credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. Exposure to FDI may lead to a higher risk of loss by the Sub-Fund. The Sub-fund may suffer losses if a counterparty of the derivative contract defaults or fails to perform its obligations.

Rebalancing Period Risk
The underlying index of the Sub-Fund was changed to the present index (S&P Vietnam Core Index (USD) NTR) effective from 2 May 2024. During the rebalancing period, which is anticipated to take up to 5 trading days from 2 May 2024, holdings of the Sub-Fund will be rebalanced from constituents of the previous index to the present index. Although there is a high degree of correlation between the previous index and the present index, there is a risk that the tracking error and tracking differences of the Sub-Fund during the rebalancing period may increase. Unitholders who deal with Units of the Sub-Fund during the rebalancing period should exercise caution.

Past Performance Risk
As a result of the change in underlying index of the Sub-Fund on 2 May 2024, past performance of the Sub-Fund prior to 2 May 2024 is achieved under circumstances which will no longer apply from 2 May 2024. Unitholders should exercise caution when considering the past performance of the Sub-Fund prior to 2 May 2024.

New Index Risk
The Index is a new index having only been launched on 25 March 2024. As such, the Sub-Fund may be riskier than other index funds tracking more established indices with longer operating history.

Why 2804 HK?

  1. Capture the high growth of Vietnam: Vietnam is one of the fastest and most stable growing economies in the world
  2. Pure Vietnam exposure: track the S&P Vietnam Core Index (USD) NTR via direct investment in Vietnam’s stock markets
  3. Cost efficient: ongoing expenses of only 0.70% p.a.
  4. To learn more about this strategy, click here

Fund Objective and Investment Strategy

The investment objective of the ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the S&P Vietnam Core Index (USD) NTR. There can be no assurance that the ETF will achieve its investment objective.

In seeking to achieve the ETF’s investment objective, the Manager will use an optimised representative sampling strategy by investing, directly or indirectly, in a representative sample of the Securities in the Index that collectively reflects the investment characteristics of the Index.

NAV

Key Facts

Stock Code2804 HK (HKD Counter)
9804 HK (USD Counter)
Management Fees0.70% per annum
Fund Size
(As of May 20, 2024)
11 million (USD)
Fund Inception Date16 July 2019
Fund Listing Date18 July 2019
ExchangeSEHK – Main Board
Distribution PolicyAnnual Distribution
Base CurrencyUSD
Trading CurrencyHKD / USD
Underlying IndexS&P Vietnam Core Index (USD) NTR
Index TickerSPVIECUN Index
ISINHK0000515871 (2804 HK)
HK0000515863 (9804 HK)
SEDOLBK74R81 (HKD)
BK74RB4 (USD)
Lot Size50 units (HKD counter)
50 units (USD counter)
Index TypeTotal Return Index
Index ProviderS&P Dow Jones Indices LLC
Fund Financial Year End31st December
Shares Outstanding
(As of May 20, 2024)
1,360,000

Participating Dealers

Barclays Bank PLC
Canfield Securities Company Limited
Cathay Securities (Hong Kong) Limited
CCBI International Securities Limited
China Merchants Securities (HK) Co., Limited
Citigroup Global Markets Asia Limited
DBS Vickers (Hong Kong) Limited
GF Securities (Hong Kong) Brokerage Limited
Goldman Sachs (Asia) Securities Limited
Guotai Junan Securities (Hong Kong) Limited
Haitong International Securities Company Limited
Korea Investment & Securities (Asia) Limited
Merrill Lynch Far East Limited
Mirae Asset Securities (HK) Limited
Yuanta Securities (Hong Kong) Company Limited
(15 total) 1

Market Makers

Flow Traders Hong Kong Limited
(1 total)1
Please click here to refer to the website of Stock Exchange of Hong Kong in case of any discrepancy of the list of Market Makers of the Sub-Fund.

Related Documents

Related Insights

Performance

Performance Chart

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.

These figures show by how much the fund increased or decreased in value during the period shown.

Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.

Where no past performance is shown there was insufficient data available in that year to provide performance.

Note: The performance of the Sub-Fund prior to 2 May 2024 was achieved under circumstances that no longer apply as a result of the change in underlying index of the Sub-Fund. Investors should exercise caution when considering the past performance of the Sub-Fund prior to 2 May 2024.

* Prior to 2 May 2024, the underlying index of the Sub-Fund was the MSCI Vietnam Index (NTR). The underlying index of the Sub-Fund was changed to the S&P Vietnam Core Index (USD) NTR on 2 May 2024.

  • Cumulative
  • Calendar Year
YTD 1 Month 6 Month 1 Year Since Listing
Premia Vietnam ETF
(As of May 20, 2024)
2.2% 9.6% 4.6% 3.3% -19.0%
Benchmark *
(As of May 20, 2024)
2.9% 10.0% 5.3% 5.1% -13.7%

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.

These figures show by how much the fund increased or decreased in value during the period shown.

Performance data has been calculated in USD including ongoing charges and excluding trading costs on SEHK you might have to pay.

Where no past performance is shown there was insufficient data available in that year to provide performance.

Note: The performance of the Sub-Fund prior to 2 May 2024 was achieved under circumstances that no longer apply as a result of the change in underlying index of the Sub-Fund. Investors should exercise caution when considering the past performance of the Sub-Fund prior to 2 May 2024.

* Prior to 2 May 2024, the underlying index of the Sub-Fund was the MSCI Vietnam Index (NTR). The underlying index of the Sub-Fund was changed to the S&P Vietnam Core Index (USD) NTR on 2 May 2024.

 

Portfolio Holdings

As of May 20, 2024
Name Number of
Share Held
Market Price
(USD)
Weight %
HOA PHAT GROUP JSC 988,119 1.26 11.42%
VINGROUP JSC 474,319 1.83 8.00%
BANK FOR FOREIGN TRADE JSC 193,716 3.61 6.43%
MASAN GROUP CORP 228,040 3.00 6.29%
VINHOMES JSC 378,932 1.59 5.54%
SSI SECURITIES CORP 404,900 1.44 5.36%
VIETNAM DAIRY PRODUCTS JSC 196,394 2.61 4.71%
DUC GIANG CHEMICALS JSC 64,400 4.89 2.90%
VINCOM RETAIL JSC 315,110 0.90 2.60%
VNDIRECT SECURITIES CORP 312,400 0.85 2.45%
Holdings are subject to change.
(55 total)1 2 3 4 5 6
 

Sector Exposure

As of May 20, 2024

This graph shows 99.75% of the total weight.

As a percentage of NAV of the Sub-Fund, please note this data excludes underlying investments of any exchange traded funds that may be invested by the Sub-Fund.

Based on Global Industry Classification Standard (GICS)

The sum of all the allocation percentages shown in the table above may not be equal to 100% due to rounding or omissions of holdings of less than 1%.

Allocations are subject to change.