• ABF Pan Asia Bond Index Fund ("PAIF") is an exchange traded bond fund which seeks to provide investment returns that corresponds closely to the total return of the Markit iBoxx ABF Pan-Asia Index ("Index"), before fees and expenses, and its return may deviate from that of the Index.
  • PAIF primarily invests in local currency government and quasi-government bonds in eight Asian markets, comprising of China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand.
  • Investment involves risks, including risks of exposure to bonds in both developed and emerging Asia markets. Investors may lose part or all of their investments.
  • PAIF is not "actively managed" and will not try to "beat" the market it tracks.
  • The Executives' Meeting of East Asia and Pacific Central Banks group (the "EMEAP") member central banks and monetary authorities are like any other investors in PAIF and each of them may dispose of their respective interest in the Units they hold. There are no guarantees that the EMEAP member central banks and monetary authorities will continue to be investors in PAIF.
  • The trading price of PAIF may differ from the underlying net asset value per share.
  • PAIF may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the PAIF's prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level etc and seek independent financial and professional advices as appropriate prior to making any investment.

Resources

Fee Waivers for Fixed Income ETF Investors

Fixed-income exchange traded funds to benefit from the HKEX decision to remove trading tariff and
minimum settlement fee


Hong Kong Exchanges and Clearing Limited (HKEX) has introduced fee waivers for fixed income exchange traded funds (ETFs) – a move that is aimed at enhancing investors ability to access the bond market through ETFs.

From 1 June 2021, the HKEX has eliminated the HK$0.50 trading tariff and HK$2.00 minimum stock settlement fee for all exchange trades1 on Fixed Income ETFs. Meanwhile, for a crossed exchange trade2 on Fixed Income ETFs, the waived amount is HK$1.00.

For example, investors could save up to 2.45bps3 on a 10 unit exchange trade in the ABF Pan Asia Bond Index Fund (PAIF), Asia’s largest fixed income ETF4. This saving is subject to fee waivers being passed on by brokers to end
investors.

ABF Pan Asia Bond Index Fund (PAIF)
Price (USD) $121.6
Trade Size (units) 10 50 100
Potential Cost Savings for Exchange Trade (USD) $0.30 $0.20 $0.08
Potential Cost Savings for Exchange Trade (bps)
2.45bps 0.33bps 0.06bps
Potential Cost Savings for Crossed Exchange Trade (USD)
$0.18 $0.13 $0.07
Potential Cost Savings for Crossed Exchange Trade (bps)
1.49bps 0.22bps 0.06bps

Source: Bloomberg Finance L.P., as of 30 June 2021