STOXX ASEAN Select Dividend 30 Index to underlie exchange-traded fund in Singapore
April 5, 2017--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that an ETF based on the STOXX ASEAN Select Dividend 30 Index has been tradeable on the Singapore Stock Exchange (SGX) since Tuesday.
The index is licensed to One AM, Thailand's largest equity ETF issuer and leading asset management company wholly owned by KGI Securities (Thailand) PLC. "Dividend investing has become an important source of yield in this low interest rate environment. The STOXX ASEAN Select Dividend 30 Index allows market participants to invest in companies with high dividend payouts from six member states of the Association of Southeast Asian Nations, a high growth region. It is the first time ever that an ASEAN dividend ETF has been issued. We are delighted that ONE AM has chosen this innovative smart-beta strategy index to mark their first ETF listing under the ASEAN collection fund scheme (CIS) in Singapore," said Matteo Andreetto, chief executive officer, STOXX Limited."
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Source: Deutsche Börse
Bassanese Bites: ASX breaks its range
April 2, 2017--The Week in Review
The key global development last week was solid US economic data in the form of a surge in consumer confidence and a modest upward revision to Q3 GDP.
This helped support equity markets and the $US as the disappointment regarding President Trump's failure to pass healthcare reforms started to wane. Bond yields remained steady, however, as Fed officials continued to give conflicting signals on the outlook for rates-the market still sees a Fed hike by end-June as only a 50-50 chance.
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Source: BetaShares
PBOC: Capital Flow Management Crucial To Economic Balance
March 30, 2017--Urges 3-Pronged Approach And Policy Coordination
China should conduct a certain level of macro-prudential management in a bid to deal with risks caused by cross-border capital flows, the People's Bank of China (PBOC) said in a working report on Thursday, noting that even if the yuan exchange rate were allowed to float freely, "relevant management" would still be necessary.
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Source: mninews.marketnews.com
Stronger global growth and commodity prices contribute to faster economic growth for Indonesia in 2017
March 22, 2017--Stronger global economic growth and continued gains in commodity prices are helping to drive up Indonesia's economic growth forecast to 5.2 percent this year from 5.0 percent in 2016.
Global policy uncertainty and fiscal dynamics pose downside risks, according to a new World Bank report released today.
The report says the fundamentals of the Indonesian economy remain strong, with robust economic growth, a low current account deficit and unemployment, a conservative government deficit and inflation at a record low.
view the Indonesia Economic Quarterly-Staying the Course
Source: World Bank
E Fund and Yuanta partner for inverse ETF
March 20, 2017--The two firms partnered to launch in Hong Kong an inverse ETF tracking the Hang Seng Index, following four other issuers.
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Source: fundselectorasia.com
China, following Fed, lifts short-term rates to steady yuan, battle debt
March 17, 2017--China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight.
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Source: Reuters
iSTOXX MUTB Asia/Pacific Quality Dividend 100 Licensed To Yuanta SITC In Taiwan
March 16, 2017--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX(R) MUTB Asia/Pacific Quality Dividend 100 has been licensed to Yuanta Securities Investment Trust Company in Taiwan to be used for a passive index fund.
This latest index solution represents the sixth such concept co-developed together with Mitsubishi UFJ Trust and Banking Corp. (MUTB), the leading Japanese trust bank. Yuanta and MUTB entered into a memorandum of understanding with STOXX in July 2016, to expand the smart-beta footprint in Taiwan.
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Source: STOXX
BetaShares-Australian ETF Review -February 2017
March 14, 2017--Industry hits new record high as market rebounds.
The Australian ETF industry returned to its growth trajectory in February, hitting a fresh record high. Total industry FUM at the month end was $26.1B, a growth of 3.6% or $911m. The growth for the month was evenly split between appreciation in asset values and net new money, with $476m of net inflows this month.
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Source: betashares.com.au
HK seeks to rival Tokyo with leveraged ETFs
March 14, 2017--Hong Kong will allow retail investors to buy and sell its home Hang Seng indices via sophisticated exchange traded products as the city seeks..
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Source: FT.com
Warning! The label on your ETF may be misleading
March 14, 2017--Caveat emptor is Latin for "Let the buyer beware". The term has been used since the 16th century to warn of the risk that a product may have defects, or not meet expectations.
It's good advice if you're buying a used car or purchasing consumer electronics online. And buyer beware is also an important warning for the exchange traded fund (ETF) investor.
A glaring example is the performance of the Vietnam ETFs that claim to track the Vietnam Stock Market, but in fact do not.
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Source: True Wealth Publishing