Asia ETF News for the Past Year

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GTN and SBI Group collaborate to launch "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)"

November 4, 2024-The launch marks the first ETF dedicated to investing in the Saudi Arabian stock market listed on the Tokyo Stock Exchange.
GTN and SBI Holdings announced on October 30 at FII 8th Edition 2024 in Riyadh the launch of the "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)"-a groundbreaking ETF dedicated to investing in the Saudi Arabian stock market and listed on the Tokyo Stock Exchange.

This fund marks a significant milestone as it represents the first ETF focusing exclusively on Saudi equities to be accessible to Japanese investors.

The collaboration between GTN and SBI Group stems from a Memorandum of Understanding (MOU) signed in May 2024 in Tokyo at the Saudi Japan Vision 2030 Event in the presence of H.E. Eng. Khalid bin Abdulaziz Al-Falih, the Minister of Investment.

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Source: GTN

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Asia's Economies Can Embrace Services to Boost Growth and Productivity

October 30, 2024--Manufacturing has been the engine of growth in Asia, but a transition to modern, tradable services could be new source of growth and productivity
The Asia-Pacific region prospered by becoming the source of more than half of global factory output, but another transformation to higher-productivity services has the potential to further support growth.

Employment and production typically move from agriculture to manufacturing to services, as part of natural progression that comes with rising income.

Today, many Asian countries-including China, Indonesia, Korea, and Thailand-are highly industrialized. If history is a guide, industry's share of production will shrink as more activity passes to services.

Indeed, the growth of services has already drawn about half of the region's workers into that sector, up from just 22 percent in 1990, as hundreds of millions moved from farms and factories.

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Source: imf.org

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Taiwan ETF assets jump 50% in first eight months, fee income seen to surge

October 24, 2024-Taiwanese exchange-traded fund assets surged almost 50% in the first eight months of the year driven by growing investor interest in passive investments, and may generate roughly 50% more management fee income for the asset management industry in 2024 than in 2023, according to Keystone Intelligence, a Taipei-based investment consulting firm.

The 246 Taiwan-registered ETFs had NT$5.8 trillion (US$180.2 billion) of total assets as of end-August, up 48.7% from NT$3.9 trillion at the end of 2023. The ETFs accounted for 64% of onshore fund assets in August, up from 53% a year ago.

The top ten ETF managers earned around NT$8.9 billion of combined management fees from January to August, compared to NT$9.08 billion in all of 2023 and NT$7.08 billion in 2022, and "their annual management fees are expected to top NT$13.5 billion in 2024", Donna Chen, founder and president of Keystone Intelligence, predicted in a commentary issued this week.

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Source: asiaasset.com

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Japan maintains cautious stance on crypto ETFs

October 23, 2024--While global markets embrace crypto ETFs, Japan's strict tax policies and regulatory caution impede further adoption.
Japan's regulators are reluctant to approve cryptocurrency-based exchange-traded funds (ETFs), even as global markets embrace spot crypto ETFs.

Despite growing calls from domestic advocacy groups and partnerships forming to launch digital asset products, Japan's tax and regulatory stance continues to present hurdles to adoption.

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Source: cointelegraph.com

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China cuts key lending rates to support growth

October 20, 2024-- China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.

RSMC is Rockefeller's first actively managed SMID Cap ETF and, at the time of launch, is among the largest actively managed SMID cap ETFs with approximately $740 million in assets. The strategy seeks to invest primarily in US small and mid-cap companies with durable business models and enduring growth, with the goal of delivering attractive risk-adjusted returns.

The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10% from 3.35%, while the five-year LPR was cut by the same margin to 3.6% from 3.85% previously.

The lending rates were last cut in July.

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Source: reuters.com

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China's plan to get around Western tariffs: Fill the world with factories

October 5, 2024-In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
China has entered a new phase of global expansionism. Its technology companies - linked to the green transition - have begun to sow seeds in countless territories.

Every so often, an agreement is announced to lay the groundwork for a production plant that will churn out electric vehicless, batteries, electrolyzers for the production of green hydrogen, or solar panels. This is happening across the world, including in Spain, Brazil, Germany, Vietnam, Mexico, Turkey and Hungary.

The new trend speaks to the international vocation of Beijing, which seeks to lead a sector in which it sees itself as being one step ahead of its competitors, due to its technological capacity and productive power. It wants to reach all corners of the planet, so as to be close to key markets.

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Source: elpais.com

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BBH Annual Greater China ETF Investor Survey: ETF Assets reach record highs as Greater China propels ETF investment in APAC

September 11, 2024--77% of investors predict they will increase their use of ETFs in the next 12 months.
Exchange Traded Fund (ETF) asset growth has hit new highs in the Greater China region, with investor demand fueling growth and 77% of investors predicting increased ETF use in the next year. The findings of the 7th Annual Greater China ETF Investor Survey from Brown Brothers Harriman & Co. (BBH), a global leading ETF custodian and administrator, show that ETFs and the strategies being deployed in Greater China are continuing to evolve.

The Greater China survey-a subset of BBH's Global ETF Investor Survey-represents the opinions of more than 100 ETF investors from Mainland, Hong Kong and Taiwan, where 59% of respondents manage over USD$1 billion in assets and of which, 39% have 50% of their portfolio invested in ETFs (compared with 24% globally).

Key Findings:

GREATER CHINA: ETF growth leads APAC:

Substantial growth for ETFs: For the first half of 2024, Greater China accounted for USD$102 billion of net new flows, representing 70% of all net new flows in APAC.

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view the 2024 Greater China ETF Investor Survey

Source: bbh.com

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ETF Empowering Investors in China's Transition to Sustainable Economy

August 26, 2024--According to International Energy Agency's forecasts, renewables will surpass coal to become the largest source of global electricity generation in 2025 and account for over 42% share in 2028, signifying a significant shift in the global power mix.

In China, there has been an accelerating transformation with renewable power generation capacity has surpassed coal-fired electricity in the first half of 2024, capturing 38% of the market share. [1] This rapid evolution in the new energy sector has created attractive investment opportunities in area such as clean, renewable energy and low-carbon transition of thermal power plants and steel manufacturing.

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Source: E Fund Management

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India: With markets at peak, mutual fund redemptions surge: Report

August 23, 2024-Total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period

Investment in mutual funds continues to grow month over month, but a recent trend shows a significant rise in redemptions as investors book profits with markets at their peak, narrowing the gap between investments and redemptions.

According to the Axis Mutual Funds monthly data report, total Assets Under Management (AUM) for mutual funds in July 2024 increased by 40 per cent compared to the previous year, but redemptions surged by 61 per cent during the same period.

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Source: zawya.com

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China Bond Trading Collapses Amid PBOC Crackdown on Record Rally

August 23, 2024--China's attempts to cool a record bond rally have stalled a drop in yields, but at the cost of a collapse in trading activity to an extent that may create more headaches for policymakers.

Trading in the most active 10-year government bond has steadily decreased over the last two weeks, with the average daily volume on Wednesday and Thursday some 90% below the average of August 7th and 8th, according to data from the official trading system CFETS.

The volume slump comes as Beijing ramps up measures to crack down on speculation in longer-dated bonds, including a warning this week against "illegal" trading.

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Source: bnnbloomberg.ca

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