South Asia Consolidates Top Growth Spot, Needs to Ignite Private Investment to Stay on Track
Economic growth expected to gradually accelerate to 7.3 percent in 2017 from 7.1 percent in 2016
October 3, 2016--South Asia has defied a sluggish world economy and solidified its lead as the fastest growing region in the world in 2016, a new World Bank report said today. Led by solid performance in India, economic growth is expected to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017.
According to the twice-a-year, South Asia Economic Focus, the region remains a global growth hotspot and has proven resilient to external headwinds such as China's slowdown, uncertainty around stimulus policy in advanced economies, and slowing remittances. The main challenges remain domestic, and include policy uncertainty as well as fiscal and financial vulnerabilities.
view the South Asia Economic Focus, Fall 2016:Investment Reality Check
Source: World Bank
WEF-India's growth is outpacing China's. Here's how they did it
September 28, 2016--India's GDP per capita (in terms of purchasing power parity) almost doubled between 2007 and 2016, from $3,587 to $6,599. Growth slowed after the 2008 crisis, hitting a decade low in 2012-2013.
But if anything, this provided the country with the opportunity to rethink its policies and engage more firmly in the reforms necessary to improve its competitiveness. Growth rebounded in 2014, and last year surpassed that of China.
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Source: WEF (World Economic Forum)
BetaShares Weekly Newsletter- Getting tactical with exchange traded products
September 27, 2016--When it comes to exchange traded products ("ETPs"), the common perception among many investors is that they are cost-effective investments that can form part of one's long-term core portfolio holdings.
But given the widening range of funds now available on the ASX, investors should also appreciate ETPs are also handy trading tools in their own right for more active investors seeking to trade specific global investment themes or even specific events.
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Source: BetaShares
Spillovers from Migration and China's Transition
September 27, 2016--New IMF spillover analysis looks into China's transition and international migration
Despite challenges, China's transition and migration can have positive long-run effects if managed well
Key finding: 1 percent increase in migrant share in adult population results in 2 percent higher GDP in the long run
China's economic transition and the population changes caused by migration are two phenomena originating in emerging economies with spillovers that influence a whole range of other economies. Such spillovers pose short-term challenges, but can be harnessed to benefit the global economy in the long run,IMF economists say in a new study.
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Source: IMF
IMF Executive Board Concludes 2016 Article IV Consultation with the Philippines
September 26, 2016--On September 14, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Philippines.
The Philippine economy has continued to perform strongly. Real GDP regained strength from a slowdown in mid-2015 to record a robust 5.9 percent growth rate in 2015 and 6.9 percent in the first half of 2016.
Both consumption and investment grew rapidly, while net exports were held back by weak external demand. Job creation was also strong, with the unemployment rate declining to 6.3 percent in 2015 and 6.0 percent in the first half of 2016.
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Source: IMF
Chinese business sentiment highest since August 2015 says MNI
September 23, 2016--The latest MNI China Business survey suggests that headline sentiment has risen to a thirteen-month high suggesting that the Chinese economy will likely end Q3 on a fairly strong note, with growth holding up in both manufacturing and services.
"While the outlook remains challenging, our forward-looking activity indicators suggest that growth momentum is likely to continue into the final quarter of the year, supported by a continuation of policy easing," says Andy Wu, senior economist of MNI Indicators.
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Source: ftseglobalmarkets.com
Sebi to work on algo rules with 'open mind: Chairman
September 23, 2016--Amid intense lobbying by brokers and other market entities on proposed curbs on super-fast algo trading, regulator Sebi today said it is moving with an "open mind" on the issue and would not be browbeaten by any "sponsored comments".
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Source: business-standard.com
BetaShares Weekly Newsletter-This Year's Harvest: Reviewing the performance of one of our most popular strategies (HVST)
September 20, 2016--It's been 12 months since we published a performance commentary post on our BetaShares Australian Dividend Harvester Fund (managed fund) (ASX Code: HVST).
Given the popularity of that post, we’ve decided to do a refresh-we'll also make sure we do it every year going forward.
This post may also be helpful for the large number of newer investors in the Fund, who may be eager to stay abreast of the Fund's performance and how it's been delivering on its objectives to date.
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Source: BetaShares
China's Biggest Banks Quicken Pace of Bad-Loan Security Sales
September 19, 2016--Lenders set to sell another $600 million of the securities
Efforts come as BIS warns of risk of banking strains
China's biggest banks are stepping up their sales of securities backed by bad loans.
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Source: Bloomberg
BetaShares launches the first fund in Australia providing dedicated exposure to fast-growing cybersecurity sector
September 15, 2016--We're proud to announce the launch of BetaShares Global Cybersecurity ETF (ASX: HACK).
HACK aims to track the performance of the Nasdaq CTA Cybersecurity Index, and provide simple, cost-effective and transparent exposure to the leading companies in the global cybersecurity sector.
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Source: BetaShares