BetaShares launches ETFs to track the global mining and global banking sectors
August 3, 2016--BetaShares, a leading Australian ETF manager, today announced the launch of the BetaShares Global Gold Miners ETF-Currency Hedged (ASX: MNRS) and the BetaShares Global Banks ETF-Currency Hedged (ASX: BNKS).
Both MNRS and BNKS are hedged into Australian dollars to eliminate the impact of currency fluctuations on portfolio performance, making the two ETFs unique in the Australian market.
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Source: Professional Planner
BetaShares-Global Market Outlook August 2016: The Post-Brexit TINA Trade
August 2, 2016--Optimism related to post-Brexit central bank stimulus continued to buoy global equities in July, even though oil prices slumped and initial central bank actions proved disappointing.
Other supportive factors were a reassuring bounce-back in US employment growth, a relatively benign US earnings reporting season to date, and continued cautiousness from the Fed over when it might next raise interest rates. With sovereign bond yields plumbing new lows in the post-Brexit environment, the "TINA" trade-There Is No Alternative to equities-is now in vogue.
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Source: BetaShares
BetaShares adds to Global Sector Series with Gold Miners and Banks ETFs
August 2, 2016--We are pleased to announce the launch of two new funds in our Global Sector series-BetaShares Global Gold Miners ETF-Currency Hedged (MNRS) and BetaShares Global Banks ETF-Currency Hedged (BNKS)
MNRS aims to track an index comprising of 40 of the largest global (ex Australia) gold miners. At end-June 2016, this index had a combined market capitalisation of $A308 billion-significantly more than the combined value of the gold miners available on the Australian stock exchange, which had a value of $A25 billion.
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Source: BetaShares
Central bank takes steps to regulate liquidity in July
August 1, 2016--The People's Bank of China (PBOC), the central bank, announced on Monday that it launched a series of targeted measures in July to regulate liquidity.
The central bank said it injected 900 million yuan (135.8 million U.S. dollars) through standing lending facility (SLF) to ensure provisional liquidity demand from financial institutions.
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Source: xinhuanet.com
Foreigners Boost China Bond Holdings by Most in Two Years
August 1, 2016--Increase comes amid efforts to boost access to local markets
More inflows seen as investors start trading, StanChart says
Overseas investors increased their holdings of Chinese onshore bonds by the most in more than two years in June after regulators eased restrictions on foreigners accessing the interbank market.
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Source:Bloomberg
IMF-Japan : Selected Issues
August 1, 2016--EXECUTIVE SUMMARY
Staff's analytical work since around the launch of Abenomics has focused on how to reflate the economy
and achieve fiscal sustainability.
It covered the areas of potential growth, labor market duality's
implications for wage-price dynamics and productivity, drivers of private investment, the effectiveness of
and limits to quantitative easing, aging and deflationary pressures, government revenue and expenditure
priorities to restore public debt sustainability, financial sector reforms to rekindle risk-taking, and
spillover effects of Japan's new policy framework (Summary of staff research since 2010).
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Source: IMF
IMF Executive Board Concludes 2016 Article IV Consultation with Singapore
July 29, 2016-Singapore's economy continues to perform well despite being impacted by a combination of cyclical and structural factors, originating both at home and abroad.
Growth moderated from 3.3 percent in 2014 to 2 percent in 2015, and it was 2.2 percent in the first half of 2016. Unemployment has remained low, but net employment generation slowed rapidly in 2015 and headline inflation has stayed below zero since late 2014.
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Source: IMF
BOJ Opts for Limited Stimulus Expansion, Plans Policy Review
July 28, 2016--Board expands ETFs; no change to bond purchases, negative rate
Kuroda calls for comprehensive assessment of the BOJ's policy
The Bank of Japan kept its key monetary tools unchanged, and will mount a comprehensive review of its policy framework due to "considerable uncertainty" about the outlook for inflation, which has consistently underperformed the central bank's forecasts. The yen jumped.
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Source: Bloomberg
Taiwan Stock Exchange unveils two smart beta equity indices
July 28, 2016--Taiwan Index Plus (TIP), a subsidiary of the Taiwan Stock Exchange, has rolled out two new smart beta indices focusing on locally-listed dividend-paying equities.
The launches pave the way for the development of investment products such as exchange-traded funds to cover the space.
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Source: etfstrategy.co.uk
These 3 Animated Charts Capture the Economic Rise of Asia
July 28, 2016--The economic rise of Asia has been swift, but it has also been a little reckless at times.
China's rapid spending and investment has come at a price. The country is now saddled with a massive debt bomb that could detonate at any moment. Further, economic interests have helped to create a precarious situation in the South China Sea, which many experts see as having escalating potential for armed conflict. Such actions would disrupt trade along one of the most important sea routes in the world.
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Source: visualcapitalist.com