ULTUMUS-Global ETF Monitor-Asia-Artificial intelligence and technology are all the rage these days.
August 15, 2017--In Korea, two new ETFs will be listed this week, each of which tracks tech stocks with big visions. Kodex, the ETF issuer run by Korean chaebol Samsung, has launched a robotics and automation ETF (276990).
276990 will synthetically track ROBO Global's "Robotics & Automation Index"....
The second ETF comes from KBStar, the ETF issuing arm of Korea bank, which is launching a "Global 4th Industry Revolution IT ETF" (276650)....
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Source: ULTUMUS-Financial Data Management
IMF Country Report-People's Republic of China: Selected Issues
August 15, 2017--CHINA'S HIGH SAVINGS: DRIVERS, PROSPECTS, AND POLICIES1
China has one of the highest national savings in the world, which are at the heart of its external/internal
imbalances. High savings fuel excessive investment when kept domestically and generate large global
imbalances when they flow abroad.
High national savings today mostly emanate from the household sector. Corporate savings used to be the
main driver in the early 2000s, partly reflecting an undervalued exchange rate, but have now gradually
converged to the global average.
view the IMF Country Report-People's Republic of China: Selected Issues
view China's Economic Outlook in Six Charts
Source: IMF
BetaShares Australian ETF Review-July 2017-ETF industry breaks the $30B barrier
August 15, 2017--The Australian ETF industry once again had a positive month, with net cash inflows taking the industry to a fresh record high as the industry broke $30B for the first time.
Total industry FuM at the month end was $30.1B, which is a growth of 2.3% ($725m) for the month. In a month where the Australian sharemarkets were flat, 100% of the growth came from net inflows rather than asset appreciation.
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Source: betashares.com.au
China Increases U.S. Treasury Holdings by Most in Two Years
August 15, 2017--Nation raised ownership of U.S. government bonds to $1.09 tln
Japan lifted its holdings to $1.12 trillion in March.
China increased its holdings of U.S. Treasuries by the most in two years, a sign that the world's second-biggest economy is stabilizing and stricter capital controls have helped to stem capital flight.
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Source: Bloomberg
Bank of Japan's ETF love affair
August 14, 2017--The record volume of exchange traded funds bought by the Bank of Japan is facing scrutiny by analysts worried about the long-term effects.
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Source: FT.com
DB Research-Asia-Pacific-Synthetic Equity & Index Strategy-Asia Monthly ETF Insights-$5.3bn Inflow in July
August 14, 2017--Data in this report is as of 31st July 2017
Asia listed ETP Monthly Highlights (Assets & Flows):
Assets: ETP AUM up by 3% ($11.2bn) on MoM basis and ended the
month at $385.3bn.
Flows: July witnessed an impressive inflow of +$5.3bn (YTD +$32.4n).
New Product Launches-13 new products including many smart beta ETFs
Asia-Pac ETP market recorded 13 new launches which include 12 equity and 1
fixed income ETFs.
New launches were dominated by smart beta ETFs; value,
momentum, quality, dividend and low vol strategies with exposures mainly to
Korea.
Investment Themes for the Month
Equity ETFs registered +$2.9bn inflow in July (+$2.4bn in June). Primary contributors were Japan focused ETFs registering inflows of +$3.8bn.
South Korea focused Equity ETFs were also beneficiaries in July (+ $345mn) while China (-$1.1bn), Taiwan (-$464mn) and Hong Kong (- $300mn) Equity ETFs saw redemptions.
Fixed income ETFs recorded inflows of +$2.6bn driven by China money market ETFs (+$2.3bn).
Non Asia listed Equity ETFs with investment focus in the Asia-Pacific region saw outflow of -$470mn, primarily from China (-$645mn) and Japan (-$544mn) focused ETFs.
Turnover: Floor activity stood above $150bn, although down by 15.7% in July The total turnover activity into Asian ETPs was down by 15.7% ($158.3bn) compared to the previous month’s total ($187.9bn).
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Source: Deutsche Bank Research-Asia-Synthetic Equity & Index Strategy
China H-Shares Tumble in Hong Kong
August 10, 2017--Chinese stocks listed in Hong Kong were crushed in Thursday trading as investors took profit on a recent bull run amid simmering tensions on the Korean peninsula.
The Hang Seng China Enterprises index, known as the H-shares gauge, was down almost 2% by lunchtime.
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Source: Nasdaq.com
PBoC strengthens renminbi trading band midpoint past Rmb6.7
August 9, 2017--China's central bank strengthened the trading band for the renminbi by the most in more than two months on Thursday, pushing its midpoint below Rmb6.7 per dollar for the first time in over ten months.
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Source: FT.com
IMF Staff Completes 2017 Article IV Mission to Philippines
August 8, 2017--The economic performance of the Philippines continues to be very strong, featuring robust growth combined with low inflation.
Growth is projected to remain close to potential at 6.6 percent in 2017 and 6.8 percent in the medium term.
IMF staff team supports the authorities' plans to raise infrastructure and social spending while avoiding overheating and preserving investor confidence.
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Source: IMF
ULTUMUS-Global ETF Monitor--iShares lists 2 ETFs in Japan
August 8, 2017--Asia
iShares will be listing two new currency hedged corporate bond ETFs into Japan at the end of August. 1496 will track highly liquid investment grade bonds of giant global businesses based in developed countries.
It will track a yen hedged version of the Markit iBoxx USD Liquid Investment Grade Index...
1497 will track higher yielding bonds of transnational companies that "have an average rating of sub-investment grade", while also hedging with the yen....
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Source: ULTUMUS-Financial Data Management