Individual investors may consult their brokers on how to buy and sell PAIF. Standard brokerage commissions and other charges will apply like trading any other listed stocks, but stamp duty will be exempted on trading PAIF's units on Stock Exchange of Hong Kong.
Minimum Investment Size
Minimum transaction size is 10 units, or around US$1,000.*
*The estimate is reached by multiplying a board lot size of 10 units of PAIF by the initial price of the US$100 per unit (the actual market price will vary from time to time), excluding brokerage commissions, transaction costs etc.
Dealing in Larger Sizes
For larger transaction sizes, please consult your financial advisor.
Market Professionals may participate in cash creation and redemption through Market Makers (MMs) and Authorized Participants (APs).
^Dealing day refers to any day on which commercial banks are open for business in Singapore and Hong Kong, the Stock Exchange of Hong Kong is open for trading, and the Markit iBoxx ABF Pan-Asia Index in compiled and published.
**A dilution levy is an allocation of the funds trading costs paid by professional investors, the proceeds are held within the fund. The levy is used to protect the majority of investors from costs of trading by a minority.