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Mutual fund advisers earning commission from AMCs may not give you the best advice
November 20, 2017--With a series of reforms, Sebi has gradually ushered in transparency in mutual fund investing and the advisory business.
Introduction of direct mutual fund plans, requirement of investment advisers to be registered with Sebi, and disclosure of commissions are some of the steps in this direction.
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Source: The Economic Times
Australia: IMF Staff Concluding Statement of the 2017 Article IV Mission-Completing the Transition and Renewing the Foundation for Future Growth
November 19, 2017--With stronger global growth and a boost from infrastructure investment, conditions for a pickup in growth seem in place.
The growth pickup is likely to be modest, with low wage growth weighing on household incomes and consumption.
Sustained increases in inflation should emerge once the economy has been at full employment for some time.
Securing the return to full employment and inflation objectives durably will require continued macroeconomic policy support.
Prudential policies are lowering risks to the financial sector from housing market imbalances and high household debt. Continued efforts at strengthening housing supply in major metropolitan areas are needed for broad housing affordability.
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Source: IMF
New dollar backed currency USC--combining stability with security and efficiency
November 17, 2017--Recently, blockchain company Coinfix revealed its US dollar backed digital currency called USC, based on smart contract issuance.
Unlike Bitcoin, Ethereum and other cryptocurrencies, it has a 1:1 exchange for the dollar.
Coinfix is a project aimed at creating stable digital assets. It is based on the blockchain network of Achain, and is dedicated to helping global users solve the problem of convenient circulation of valuable assets.
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Source: Coinfix
China Moves to Rein in Risks From Asset-Management Products
November 17, 2017--Draft rules aimed at breaking implicit guarantee of returns
Regulators have stepped up efforts to curb financial risk
China's financial regulators proposed sweeping rules to curb risks in the country’s $15 trillion of asset-management products as leaders move to tighten supervision and break an implicit guarantee that's driven investment into such vehicles.
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Source: Bloomberg
China tightens rules on asset management to rein in risky lending
November 17, 2017--Central bank leads charge to unify standards on runaway shadow banking sector
China's central bank outlined sweeping new regulations aimed at curbing financial risk in the asset management industry on Friday...
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Source: FT.com
JPX-ETF Monthly Report-October 2017
November 16, 2017--The JPX-ETF Monthly Report-October 2017 is now available.
view the JPX ETF Monthly Report October 2017
Source: JPX (Japan Exchange Group)
Singapore and Hong Kong launch a joint project on cross-border trade and trade finance platform
November 15, 2017-- The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) exchanged a Memorandum of Understanding (MoU) in Singapore today to jointly develop the Global Trade Connectivity Network (GTCN), a cross-border infrastructure based on distributed ledger technology (DLT), to digitalise trade and trade finance between the two cities and potentially with an aim to expanding the network in the region and globally.
2 The GTCN is the first strategic joint innovation project arising from the Co-operation Agreement signed by the two authorities last month1
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Source: Monetary Authority of Singapore (MAS)
A Chicago trading firm is setting up shop in Singapore to dominate the bitcoin market in Asia
November 15, 2017--DRW, the Chicago-based trading firm, is expanding its bitcoin trading operations into Asia.
The firm told Business Insider it sees a huge opportunity in Asia for over-the-counter trading.
The Asian-outpost will be based in Singapore, but will serve all of Asia and enable the firm to operate as a global, around-the-clock business.
DRW, a Chicago-based firm, is looking to set up a bitcoin trading desk in Singapore to dominate the cryptocurrency market in Asia.
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Source: Business Insider
Amfi-Gold ETFs register Rs 420 crore outflow in Apri-October
November 15, 2017--Gold exchange-traded funds (ETFs) continued to lose sheen as an investment class, with investors pulling out over Rs 420 crore from such instruments in April-October 2017, as per the latest data by mutual fund body Amfi.
Moreover, trading in gold ETF has been lukewarm in the last four fiscals. It had witnessed an outflow of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs ...
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Source: The Economic Times
IMF Staff Completes 2017 Article IV Visit to Indonesia
November 14, 2017--The Indonesian economy continues to perform well, with GDP projected to expand by 5.1 percent in 2017 and 5.3 percent in 2018.
In the near term, policies should focus on promoting growth while preserving stability. Monetary policy should focus on price stability and supporting growth, while fiscal policy should rebuild buffers to protect stability.
Boosting medium-term growth requires revenue-enhancing tax reforms to finance development spending, and reforms in the product, labor, and financial markets.
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Source: IMF
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