Asia ETF News for the Past Year
SOLOWIN Driving Investor Adoption of Virtual Assets as the Largest Holder of Multiple Spot Bitcoin and Ethereum ETFs in Hong Kong
June 17, 2024--June 17, 2024--SOLOWIN HOLDINGS ("SOLOWIN" or "the Company"), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors globally, today announced that Solomon JFZ (Asia) Holdings Limited ("Solomon"), its operating subsidiary, has become the largest holder of customer assets in the ChinaAMC Bitcoin ETF (HKEX: 9042), ChinaAMC Ethereum ETF (HKEX: 9046), and Harvest Bitcoin Spot ETF (HKEX: 3439).
In addition, Solomon is also among the top holders of ChinaAMC Bitcoin ETF (HKEX: 3042) and ChinaAMC Ethereum ETF (HKEX: 3046).
Solomon's prominent role as a top holder of multiple ETFs highlights its expertise in financial products and its deep understanding of the local market, which enables it to offer exposure to virtual assets for a broad range of investors and clients. As a key participating dealer for ChinaAMC and Harvest Global's virtual asset ETFs, Solomon facilitates the in-kind subscription and redemption processes for the ETFs, demonstrating its capability in navigating the regulatory landscape and its commitment to adhering to the highest standards of compliance for virtual asset investments.
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Source: Solowin Holdings
Solactive Launches Subordinated Bank Bond Index for Betashares in Australia
May 17, 2024--Solactive has launched the Solactive Australian Major Bank Subordinated Index in partnership with Betashares, a leading exchange traded fund (ETF) provider in Australia. To be eligible for inclusion in the index, bonds must have amounts outstanding of at least $500 million and a remaining maximum term to maturity of 10 years.
The Solactive Australian Major Bank Subordinated Index tracks the performance of a portfolio of Basel III Tier 2 subordinated floating rate bonds issued by Australia's four largest banks- Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia, National Australia Bank Limited (NAB), and Westpac Banking Corporation. The Australian major banks remain the foundational pillars of
the banking system, and Australian banks are generally considered some of the best capitalised major financial institutions in the world.
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Source: Solactive AG
Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices
May 9, 2024--Hong Kong and Saudi Arabia are exploring the creation of an exchange-traded fund (ETF) tracking Hong Kong indices, Hong Kong Deputy Financial Secretary Michael Wong said in a statement on Thursday.
The Hong Kong government is currently working with several financial institutions to develop the ETF, Wong said.
The statement was released on the sidelines of an event jointly held by the Saudi Tadawul Group, the owner of the Saudi Exchange, and Hong Kong Exchanges and Clearing Ltd (HKEX).
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Source: reuters.com
HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Crypto ETFs in Hong Kong
May 7, 2024--OSL's key partnerships secure 76% market share in spot BTC/ETH ETF market
The inaugural week of the newly launched ETFs has exceeded all projections, with asset under management (AUM) surpassing HKD2.4 billion as of 6 May, a testament to the strong investor interest and confidence in the market.
This milestone highlights the successful fusion of traditional financial systems with cutting-edge digital asset solutions, showcasing the evolution and maturity of Hong Kong's digital finance landscape.
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Source: Source: OSL
Asia ESG fund flows plummet in first quarter
May 7, 2024--Strong inflows to Taiwan's sustainable vehicles help offset heavy outflows from Hong Kong and Singapore
There were "subdued" flows in sustainable funds in Asia excluding Japan and China in the first quarter of the year, recording a 63 per cent decline from a revised $1.7bn in net new money chalked up during the previous quarter.
Sustainable open-ended and exchange traded funds in the Asia ex-Japan, ex-China region posted $622mn in net inflows in the three months to the end of March, Morningstar’s Global Sustainable Fund Flows report shows.
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Source: ft.com
MetaComp and Bosera Strengthen Collaboration to Promote Bosera Cryptocurrency ETFs Among Global Investors
May 7, 2024--MetaComp Pte Ltd and its subsidiaries (collectively referred to as "MetaComp") and Bosera Fund Management (International) Co., Ltd. ("Bosera International") strengthened their collaboration to introduce the eagerly awaited Bosera cryptocurrency ETF to investors worldwide.
Bosera International and HashKey Capital Limited have jointly launched the Bosera HashKey Bitcoin ETF (3008.HK) and the Bosera HashKey Ethereum ETF (3009.HK), both of which began trading on 30 April 2024 on the Hong Kong Stock Exchange.
These highly anticipated products have attracted significant attention from international regulators and the global investment community since their announcement, marking a pivotal step in providing investors with regulated, diversified access to the burgeoning digital asset markets.
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Source: MetaComp Pte Ltd
South Korea's Newly Elected Party to Fulfill Election Promise with Bitcoin ETF Review Request
May 7, 2024--During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
The Democratic Party of Korea has revealed its plans to request the Financial Service Commission (FSC) to clarify the regulatory framework governing Bitcoin ETFs in the country.
This move signals the party's willingness to allow spot Bitcoin exchange-traded funds (ETF) in South Korea.
Fulfilling Election Promises: The Push for Bitcoin Spot ETFs
This request, which was made known via Blooming Bit, reported that an official from the Democratic Party stated that, in a bid to grant their election promises and pledges, the party aims to request an authoritative interpretation of spot ETF from the regulatory body after the 22nd national assembly.
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Source: coinspeaker.com
Mirae Asset introduces high dividend yield ETF to China
May 7, 2024--Mirae Asset Global Investments, a leading asset manager based in Korea, has introduced a high dividend yield exchange-traded fund to the mainland Chinese market through cross-border trading with Hong Kong, the firm announced Tuesday.
The Global X Hang Seng High Dividend Yield ETF, operated by the asset manager's ETF arm in Hong Kong, was set up for trading on China's Shanghai Stock Exchange and Shenzhen Stock Exchange on Monday.
The ETF tracks shares with high dividend yields on the Hong Kong Stock Exchange's benchmark Hang Seng index. The net asset is about $272 million, the largest among the high dividend yield ETFs listed on the Hong Kong exchange.
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Source: koreaherald.com
Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index
May 1, 2024--Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect.
Total expense ratio of the ETF would be lowered from 0.75% to 0.70% per annum, reflecting Premia's commitment to offering competitive pricing and enhancing value for investors. The physically replicated ETF offers cost-efficient and convenient access to the fast-growing Vietnam equity markets, and the new index was introduced to enhance the asset allocation and risk diversification of the ETF and better reflect opportunities from continued growth and development of the Vietnam stock markets.
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Source: Premia Partners
IMF-Asia's Growth and Inflation Outlook Improves, but Risks Remain
April 29, 2024--The regional outlook has strengthened as price pressures have moderated, although China's property market correction and geoeconomic fragmentation remain key risks.
The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region's economy will slow less than we previously projected as inflation pressures continue to dissipate.
We have raised our regional growth forecast for this year to 4.5 percent, up 0.3 percentage point from six months earlier, after a 5 percent expansion in 2023. The revision reflects upgrades for China, where we expect policy stimulus to provide support, and India, where public investment remains an important driver, making it the world's fastest-growing major economy. In a still subdued external environment, robust private consumption will remain the main growth driver in Asia’s other emerging market economies. The Asia growth forecast for 2025 is unchanged at 4.3 percent.
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Source: imf.org