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BetaShares Australian ETF Review-October 2017
November 14, 2017--Do I sound like a broken record? Another record month!
Readers could well be forgiven for thinking that I am on repeat, as I state that, once again, the Australian ETF Industry had a record month! Records were broken in terms of total industry funds under management and record monthly FuM growth.
The Australian ETF industry grew by approximately $1.5B this month, being the largest absolute $ growth on record, with the industry rising to a fresh record high. Total industry FuM at the month end was $33.5B, a growth rate of 4.7% or $1498m for the month. The growth was aided by strong asset gains across the board which accounted for ~48% of the industry's monthly growth.
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Source: BetaShares
Stock Connect Continues to Grow as Cross-Border Trading Scheme Marks 3rd Anniversary
November 14, 2017--Stock Connect, the ground-breaking cross-border access scheme connecting the Mainland and Hong Kong stock markets, is marking its third anniversary amid growing two-way capital flows.
Shanghai-Hong Kong Stock Connect launched on 17 November 2014 while Shenzhen-Hong Kong Stock Connect launched two years later on 5 December 2016, giving the Mainland and international investors in Hong Kong direct, convenient and efficient access to each other’s market from their home market for the very first time.
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Source: HKEX (Hong Kong Exchanges and Clearing Limited)
China's assets under management to hit $17tn by 2030
November 12, 2017--Ageing population and expanding middle class will drive country's investment industry.
Asset management in China is a relatively young industry that is on track for an extended period of strong growth, due to the country's ageing population and the rising wealth of the expanding middle class.
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Source: FT.com
IMF-Philippines: Selected Issues
November 10, 2017--SPILLOVER EFFECTS FROM UNITED STATES POLICY SHIFTS AND LOWER GROWTH IN CHINA
The Philippines trade and financial exposures to the United States and China are more moderate than the more open ASEAN neighbors, albeit with the role of China rising recently.
Thus, the potential spillovers from policy shifts in the United States and lower growth in China is expected to be more modest in the Philippines, although historically U.S. financial spillovers had a large impact, perhaps reflecting the shallower financial depth. From a more forward looking perspective, we assess potential spillover effects to the Philippines under the following three illustrative scenarios: (a) monetary policy normalization in the United States, (b) a lower growth path in China owing to the materialization of downside risks, including tighter domestic funding conditions (IMF, 2017b), and (c) a deficit-financed fiscal expansion in the United States through reduced labor and corporate income taxes and increased infrastructure spending (IMF, 2017a).
view the IMF Country Report-Philippines:Selected Issues
Source: IMF
China to ease ownership limits on foreign joint ventures in finance sector
November 10, 2017--Limits on foreign ownership of joint ventures in China's financial services sector will be relaxed over the next five years, China's deputy finance minister Zhu Guangyao said on Friday.
Foreign firms will be allowed to hold a majority stake in joint ventures with mainland Chinese securities companies and life insurance joint ventures, and caps on foreign banks' stakes in Chinese banks and asset managers would be removed, Zhu was quoted saying in a press release issued by China's State Council on Friday.
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Source: South China Morning Post
Samsung launches the first Russell 2000 ETF in Korea
November 8, 2017--Samsung Asset Management Company Limited, Korea's leading asset manager, has chosen Russell 2000 Index for their first US small cap ETF
First ETF tracking Russell 2000 Index in Korea
Reinforces FTSE Russell's position as a leader in US equity benchmarks
FTSE Russell, the global index and data provider, announces the licensing of the Russell 2000(R) Index to Samsung Asset Management Company Limited ("Samsung") as the basis of the first ETF in Korea to allow investors to gain exposure to the US small cap segment. The Samsung KODEX US Russell 2000 ETF (H) listed on Korea Exchange ("KRX") today.
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Source: FTSE Russell
Tokyo's Topix index hits more than 25-year high
November 8, 2017--Tokyo's Topix index climbed past its 2007 peak on Thursday to touch its highest level since 1991.
The equity index rose as much as 0.4 per cent in early trade to 1,824.55, edging just past its pre-financial crisis peak to an altitude not seen since November 15, 1991.
Low cost products to benefit most from ETF Connect view more SGX reports market statistics for October 2017 view more Bitcoin proves hard to kill in China view more
Source: FT.com
November 7, 2017--Low cost exchange-traded funds (ETFs) are expected to benefit most from the forthcoming ETF Connect, according to US-based Vanguard Investments.
The ETF Connect will be an extension of the existing Stock Connect programme between China and Hong Kong, which will allow Mainland investors to trade Hong Kong ETFs and enable Hong Kong investors to access Mainland-listed ETFs.
Source: asiaasset.com
November 7, 2017--Securities
Total Securities market turnover value was at S$24.0 billion, up 10% month-on-month (m-o-m) and up 22% year-on-year (y-o-y), over 21 trading days. There were 20 trading days in September 2017 and 21 in October 2016.
Securities daily average value (SDAV) was S$1.1 billion, up 5% m-o-m and up 22% y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) was S$162 million, down 4% m-o-m and down 58% y-o-y.
Market turnover value of structured warrants was S$1.6 billion, down 15% m-o-m and up 161% y-o-y.
Source: Singapore Exchange (SGX)
November 7, 2017--Over-the-counter market for cryptocurrency grows after authorities close exchanges
Chinese investors are still trading bitcoin and buying initial coin offerings, suggesting authorities in Beijing are struggling to clamp down on cryptocurrencies just weeks after announcing that public exchanges would be shut down.
Source: FT.com