2804 HK / 9804 HK

Premia MSCI Vietnam ETF

[*] Market prices are provided on a 15-minute delayed basis. The IOPV is calculated by Solactive AG. 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

IMPORTANT:Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of Premia MSCI Vietnam ETF (the "ETF") 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 MSCI Vietnam Index (NTR) (“Index”).

Vietnam concentration and emerging market risk
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. The value of the Sub-Fund may also be more volatile than that of a fund having a more diverse portfolio of investments.

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. 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.

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.

Foreign exchange risk and other currency distributions risk
Underlying investments of the Sub-Fund are primarily denominated in Vietnamese Dong, therefore foreign exchange risk exists between the base currency and the underlying investments currency. Also, the Sub-Fund's base currency is in USD but has Units traded in HKD (in addition to USD). The Net Asset Value of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. Secondary market investors may also be subject to additional costs or losses associated with fluctuations in the exchange rates between HKD and the base currency and by changes in exchange rate controls when trading Units in the secondary market.
Investors should note that all Units will receive distributions in the base currency (USD) only. In the event that the relevant Unitholder has no USD account, the Unitholder may have to bear the fees and charges associated with the conversion of such distribution from USD to HKD or any other currency. The Unitholder may also have to bear bank or financial institution fees and charges associated with the handling of the distribution payment.

Trading differences risk
As the stock exchanges on which the Index constituents are listed may be open when Units in the Sub-Fund are not priced, the value of the Securities in the Sub-Fund’s portfolio may change on days when investors will not be able to purchase or sell the Sub-Fund’s Units. Furthermore, the market price of underlying Securities listed on the above stock exchanges which are established outside Hong Kong may not be available during part or all of the SEHK trading sessions due to trading hour differences which may result in the trading price of the Sub-Fund deviating away from the Net Asset Value.
Shares listed on certain stock exchanges may be subject to trading bands which restrict increases and decreases in the trading price. Units listed on the SEHK are not. The prices quoted by the SEHK market maker would therefore be adjusted to take into account any accrued market risk that arises from such unavailability of the Index level and as a result, the level of premium or discount of the Unit price of the Sub-Fund to its Net Asset Value may be higher.

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.

Vietnam Tax
It is the intention of the Sub-Fund that its business activities will not be carried out in Vietnam through a Permanent Establishment. Rather a securities investment account will be opened in Vietnam. Consequently, as a foreign investment fund established under the laws of a foreign country, the Sub-Fund should not be considered to be a resident of Vietnam for corporate income tax purpose and, therefore, the Sub-Fund should not be liable to Vietnamese corporate tax on income and gains derived from non-Vietnamese investments.
However, when investing in Vietnam securities listed on the stock market or over the counter market through a Vietnam securities investment account, the Sub-Fund will be subject to Corporate Income Tax ("CIT") on a "deemed taxation" basis.

Dividends
No withholding tax on dividends or any other levy on the remittance of dividends overseas to foreign investors.

Capital gains
CIT is imposed on the gross value of securities sold on each transaction. This is a "deemed profits" tax, equivalent to 0.1% of the value of the sale transaction. No relief is allowed for transaction costs and no allowance is taken for the cost of investments (i.e. the earning of actual profits is irrelevant).
In case where taxes are applicable, CIT is withheld by the relevant securities company or commercial bank which remits the legal remaining income, to foreign investors for remittance offshore. Interest paid to the Sub-Fund over any deposit at accounts opened in Vietnam (if any) may also be subject to a 5% withholding tax under the Foreign Contractor Tax regulations. The Sub-Fund is not required to declare and pay Value Added Tax for securities dealing activities in Vietnam.

Why 2804 / 9804 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 MSCI Vietnam Index (NTR) via direct investment in Vietnam’s stock markets
3.     Cost efficient: ongoing expenses of only 0.75% p.a.
4.     To learn more about this strategy, click here

Fund Objective and Investment Strategy

NAV and Intraday Estimated NAV

Key Facts

Fund Inception Date
Jul 16, 2019
Fund Listing Date
Jul 18, 2019
Fund Financial Year End
31st December
Distribution Policy
Annual Distribution
Management Fees
0.75% per annum
Underlying Index
MSCI Vietnam Index(NTR)
Index Ticker
MSEIVTUN Index
Index Provider
MSCI Limited
Type of Index
Total Return Index
Base Currency
USD
Exchange
SEHK – Main Board
Stock Code
ISIN
HK0000515871 (2804 HK)
HK0000515863 (9804 HK)
SEDOL
BK74R81 (HKD)
BK74RB4 (USD)
Lot Size
50 units-HKD counter
50 units-USD counter
Trading Currency
HKD / USD
Shares Outstanding
(As of Jul 17, 2019)
Fund Size
(As of Jul 17, 2019)
(USD)

Participating Dealers

Canfield Securities Company Limited
Cathay Securities (Hong Kong) Limited
China Merchants Securities (HK) Co., Limited
Goldman Sachs (Asia) Securities Limited
Guotai Junan Securities (Hong Kong) Limited
Haitong International Securities Company Limited
Merrill Lynch Far East Limited
(7 total)
1

Market Makers (HKD & USD)

Flow Traders Hong Kong Limited
(1 total)
1

Performance

Performance Chart
YTD
6-month
1-year
Since Listing
No performance data would be displayed within the first 6 months of inception

The fund is listed for less than a full calendar year, there is insufficient data to provide a useful indication of past performance to investors.

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.

Cumulative
Calendar Year
YTD 1-month 3-month 6-month Since Listing
Premia MSCI Vietnam ETF
(as of )
No performance data would be displayed within the first 6 months of inception
MSCI Vietnam Index (NTR)
(as of )

The fund is listed for less than a full calendar year, there is insufficient data to provide a useful indication of past performance to investors.

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.

Tracking Difference and Tracking Error
Tracking Difference (TD)
Tracking difference is the return difference between an ETF and its underlying benchmark / index over a certain period of time
Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark / index. It is the volatility (measured by standard deviation) of that return difference.
Graph for Tracking Difference
YTD
6-month
1-year
Since Listing
No performance data would be displayed within the first 6 months of inception
Fund Listing Date
Jul 18, 2019

The Sub-Fund's performance is calculated on an NAV to NAV basis and assumes reinvestment of distribution (where applicable).

Recent Distribution
Ex Date [1]
-
Dividend (USD per unit)
(all distributions will be in USD only)
Yield (%) [2]
%
Dividend paid out of net distribution income [3]
%
Dividend effectively paid out of capital [4]
%
[1]
Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the "Recent Distribution" table above. You should read the relevant offering document (including the key facts statement) of the Sub-Fund for further details including the risk factors.
[2]
Yield is calculated based on the dividend per unit divided by the ex-date NAV per unit. It is for reference only and does not represent the performance of the Sub-Fund. All dollar amounts are in HKD unless otherwise stated.
[3]
The net distributable income is the net investment income (i.e. include dividend income and interest income net of fees and expenses) based on unaudited management accounts.
[4]
The Sub-Fund pays dividend out of gross income while charging/paying all or part of the Sub-Fund’s fees and expenses to/out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividend out of capital.

Portfolio Holdings

(0 total)

Holdings are subject to change.

Sector Exposure

This graph shows 0.0 % 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.

This website is owned and managed by Premia Partners Company Limited ("Premia Partners") . Premia Partners reserves the right to change, modify, add or delete any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.The performance figures contained on this website are for information purposes only. Past performance is not indicative of future performance.Persons interested in investing in the Funds should read the relevant fund offering documents (including the full text of the risk factors stated therein) in details before making any investment decision.
This website is prepared by Premia Partners and has not been reviewed by the Securities and Futures Commission.
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