Bitcoin gets official blessing in Japan
October 17, 2017--The broader fintech sector is struggling even as cryptocurrencies take off
Entrepreneurs do not often welcome regulation. For Japanese cryptocurrency start-ups, however, a framework put in place by the country's financial authorities has been a boon.
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Source: FT.com
BetaShares- Australian ETF Review-September 2017
September 17, 2017--Another month, another billion dollars...
The Australian ETF industry rose to a fresh record high in September after another strong period of growth. Total industry FuM at the month end was $32B, which represented growth of 3.5%, or $1076m.
September was the 6th largest month of AuM growth for the industry of all time. While asset appreciation aided this rise, the majority (65%) of the month's growth came from net new money. For the second time in a row, global equities exposures received the largest flows, particularly via broad market developed world products.
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Source: betashares.com.au
JPX-ETF Monthly Report-September 2017
October 16, 2017--The JPX-ETF Monthly Report-September 2017 is now available.
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Source: JPX (Japan Exchange Group)
ETFGI reports assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) have increased 19.1% in 2017 to reach US$154 billion at the end of September 2017
October 13, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) have increased 19.1% in the first 9 months of the year to reach US$154 billion at the end of September 2017, according to ETFGI's September 2017 preliminary Asia Pacific (ex-Japan) ETF and ETP industry insights report an annual paid for research subscription service.
The Asia Pacific (ex-Japan) ETF/ETP industry had 1,153 ETFs/ETPs, with 1,303 listings, assets of US$154 Bn, from 122 providers listed on 17 exchanges in 14 countries.
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Source: ETFGI
DB-Synthetic Equity & Index Strategy-ETF Monthly Asia-Assets Surpass $400bn
October 12, 2017--Asia listed ETP Monthly Highlights (Assets, Flows & Launches):
Assets & Flows: ETP AUM up by 1.5% ($5.8bn) on MoM basis and ended
the month at record high level of $403.7bn. September witnessed inflows
of +$3.1bn (YTD +$45.8bn).
19 new launches: 14 equity, 2 fixed income, 2 currency and 1 commodity.
Launch of many non traditional products including smart beta (ESG, low
vol, high dividend yield) and international exposures (global, US).
Investment Themes for the Month
Equities (+$6bn inflow):
Japan focused ETFs attracted inflows of +$5.6bn. TOPIX and Nikkei were main beneficiaries while leveraged long ETFs saw material outflows. Notable inflows into inverse, fundamental and dividend ETFs too.
Korea focused ETF net flows totaled $308mn. Long only exposure to KOSPI 200 collected inflows which was partly offset by leveraged long products. Dividend ETFs also saw inflows.
Within China focused ETFs, net flows were slightly down (-$87mn). We observed inflows into quality large cap China A shares (SSE 50) ETFs but outflows from CSI 300 and FTSE China A50. Leveraged long ETFs benefitted from inflows.
Taiwan focused ETFs net monthly flow for the month was +$261mn, contributed by inverse and dividend ETFs. Hong Kong ETFs had notable redemptions (-$420mn), mostly ETFs tracking HSI. Fixed Income (-$2.7bn outflow): China money market ETF segment saw outflows of -$2.7bn. In Korea, there were outflows from Korean money market ETFs (- $186mn) and inflows into Korean investment grade (+118mn) ETFs. Commodity (-$222mn outflow): Outflow of -$121mn from leveraged long ETF tracking crude oil prices.
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Source: Deutsche Bank Research-Asia-Synthetic Equity & Index Strategy
IMF-Regional Economic Outlook: Asia Pacific, October 2017: Making the Most of the Upswing
October 11, 2017--The pickup in growth in Asia anticipated in the April 2017 Regional Economic Outlook: Asia and Pacific remains broadly on track, with stronger-than-expected growth in China, Japan, Korea, and Association of Southeast Asian Nations economies helping to compensate for the weaker outlook in Australia and India.
Regional output is projected to grow by 5.6 percent in 2017 and 5.5 percent in 2018, 0.1 percentage point higher than expected in April, driven by strong consumption and investment. Capital inflows to the region continued to be sizable in the first half of 2017, and financial conditions are expected to remain supportive. Inflation has been weaker than projected, partly on account of lower commodity prices, and projections have been revised downward in most countries. The region is thus currently in a favorable position, but how long this will last is uncertain.
view the IMF Regional Economic Outlook: Asia Pacific, October 2017: Making the Most of the Upswing
Source: IMF
China to sell first dollar bond in 13 years in Hong Kong to set benchmark for Chinese issuers
October 11, 2017--They will comprise US$1 billion in five-year, and US$1 billion in 10-year notes.
China's Ministry of Finance has revealed plans to sell US$2 billion worth of dollar-denominated sovereign bonds in Hong Kong, its first dollar bond offering since October 2004, that will set a bellwether issue for other Chinese issuers amid a red-hot Asian corporate dollar bond market.
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Source: South China Morning Post
BetaShares-ETF Basics: where are my ETF assets?
October 10, 2017--With the Australian ETF industry recently hitting a record $31B in assets, made up mostly of net new money rather than due to an increase in market value, we are now starting to see a new wave of savvy investors adopting ETFs as core building blocks in their portfolios.
For these new investors, or just as a refresher for our ETF veterans, here's what you should know about who actually owns the assets of your ETF and what happens to your ETF if a Fund Manager ceases business.
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Source: betashares.com.au
Singapore Diamond Investment Exchange to list Diamond Bullion
October 10, 2017-- A new investment-grade diamond product will enhance the trading and liquidity of diamonds as an asset class
Exclusively listed on the Singapore Diamond Investment Exchange ("SDiX"), the world's first and only electronic exchange for trading investment-grade diamonds.
Issued by The Singapore Diamond Mint Company, the Diamond Bullion is a portable, credit card-sized package of investment-grade polished diamonds sourced at wholesale prices on SDiX and issued in standard denominations; a fully fungible product that can be exchange-traded for instant price transparency and liquidity
Proprietary technology ensures diamonds authenticity, product security and traceability via a mobile app that also enables investors to trade their Diamond Bullions on SDiX globally.
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Source: Singapore Diamond Investment Exchange
World Bank-South Asia Loses Growth Lead, Can Regain through Action
October 8, 2017--Countries should address growth constraints with policies and reforms
After leading global growth for two years, South Asia has fallen to second place, after East Asia and the Pacific.
The region's slowdown is due to both temporary shocks and longer-term challenges. Regional economic growth is expected to slow to 6.9 percent in 2017 from 7.5 percent in 2016, but growth could rebound to 7.1 percent in 2018 with the right mix of policies and reforms.
view the World Bank report-South Asia Economic Focus (SAEF) Growth out of the Blue
Source: World Bank