TOPIX Futures and First ETF Options Debut on TAIFEX
New opportunities to hedge the Taiwanese, Japanese and Chinese markets expands choices for investors
December 21, 2015--The Taiwan Futures Exchange (TAIFEX) today
launched eight new derivative contracts -a New Taiwan Dollar (TWD)-denominated
TOPIX futures contract,
the first-ever foreign equity index futures contract to be introduced in Taiwan, and seven ETF options, the first-ever such options contracts to
debut in Taiwan.
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Source: Taiwan Futures Exchange (TAIFEX)
China's Renminbi Declines After Being Named a Global Currency, Posing Challenges
December 18, 2015--At the end of last month, the Chinese renminbi was anointed as one of the world's elite currencies, a first for an emerging market and a widely hailed acknowledgment of China's rising financial influence and economic might.
But soon after reaching that milestone, the renminbi started slowly and steadily falling as Chinese companies and individuals moved huge sums of money out of the country's weakening economy.
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Source: New York Times
World Bank-Malaysia Economic Monitor: Immigrant Labour
Reforms can optimize the role of Immigration in Malaysia's development, World Bank says
December 18, 2015--Malaysia's growth is projected to remain at 4.7 percent in 2015, easing to 4.5 percent in 2016.
This outlook reflects some slowdown in domestic demand in the course of 2015 from tighter fiscal conditions, which are expected to continue in 2016-17, a new World Bank report states. Overall, domestic demand is projected to grow, remaining the main driver of growth in a context of soft global demand.
The World Bank's Malaysia Economic Monitor, launched today, focuses on the critical role that immigrant labour plays in filling important gaps in low-and mid-skilled jobs, helping both to raise the country's GDP and to create jobs for Malaysians.
view the Malaysia-Economic monitor: immigrant labor
Source: World Bank
BetaShares Australian ETF Review: November 2015
December 16, 2015--The Australian ETF Industry continued to 'zig' in November, reaching a new record high of $20.8B funds under management, while the global and broad Australian share market 'zagged', recording a month of falling value.
Industry growth during the month came entirely from net inflows of $629m in new money, which more than made up for the overall share market declines. It appeared that savvy investors saw the decline in market value as an opportune time to enter the Australian equities market with broad Australian equities exposures being the most popular by inflows. Australian Financial Sector exposures recorded the best performance of the month-illustrating the utility of tactical sector tilts on the performance of an investment portfolio.
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Source: BetaShares
BetaShares Market Insights: S&P/ASX 200 Market Outlook
December 16, 2015--The following note updates my previous technical and fundamental analysis of the S&P/ASX 200 market index both here and here.
My previous assessment that the "market seems likely to struggle for a while longer" has been borne out, and overall with regard to the index not much has changed since the previous update on September 30. Sadly, the outlook has not changed much as yet, with valuations still far from obviously cheap territory and corporate earnings still under downward pressure. This report also includes a more detailed sector breakdown of performance.
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Source: BetaShares Market Insights
IMF-People's Republic of China-Hong Kong Special Administrative Region: Staff Concluding Statement of the 2015 Article IV Mission
December 15, 2015--The economy is entering a potentially testing period ahead, but the risks are manageable with the strong buffers in place. A continuation of prudent fiscal management, robust regulatory oversight of the financial system, and the Linked Exchange Rate System (LERS) will help deal with near-term challenges while laying the foundations for steady growth and healthy job creation into the medium-term.
1. Context. Despite being repeatedly buffeted by powerful global cross-currents, Hong Kong SAR's economy has grown steadily in recent years. Real GDP is about 25 percent higher than the global financial crisis trough in 2009 Q1; employment has expanded close to 9 percent since then, with net job creation over 300,000; and the unemployment rate has declined to 3.3 percent.
2. Outlook. Growth is expected at around 2 ¼ percent this year.
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Source: IMF
Indonesia Economic Quarterly-December 2015
December 15, 2015--Indonesia's economy continues to face challenging external conditions. Global growth, trade and commodity prices remain weak, weighing on GDP growth and fiscal revenues.
The forest fires and haze this year have also constrained GDP growth, costing Indonesia an estimated IDR 221 trillion (1.9% of GDP)-more than twice the reconstruction cost after the 2004 Aceh tsunami. The impact of the forest fires is discussed in some depth in this issue of the IEQ.
The government is responding and demonstrating intent to implement reforms. For example, it increased capital spending by an estimated 49.8% year on year (yoy) in real terms in the third quarter.
view the Indonesia Economic Quarterly-December 2015
Source: World Bank
PBOC Makes China Junk Bonds More Resilient Than U.S. Peers
December 15, 2015--China's central bank has room for more easing: China Merchants
Average yields on onshore AA- notes have dropped to 6-year low
Chinese junk bonds are getting some help from the nation's central bank, making them more resilient if not immune to the global swoon in the riskiest debt ahead of the Federal Reserve's interest rate decision.
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Source: Bloomberg
ETFs/ETPs listed in Asia Pacific ex Japan suffered net outflows of 1.2 billion US dollars in November 2015, according to ETFGI
December 14, 2015-- ETFs/ETPs listed in Asia Pacific ex Japan suffered net outflows of US$1.2 billion in November 2015.
The Asia Pacific (ex-Japan) ETF/ETP industry had 772 ETFs/ETPs, with 916 listings, assets of US$116 Bn, from 115 providers on 17 exchanges in 13 countries at the end of November 2015, according to ETFGI's Global ETF and ETP insights report for November 2015 (click here to see ETFGI's chart for trends in assets invested in ETFs/ETPs listed in Asia Pacific ex Japan).
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Source: ETFGI
First-Ever U.S.-Focused ETFs Debut On Taiwan Stock Exchange-Three ETFs Provide Taiwan Investors With Diverse Ways To Access 500 Of The Largest Companies Listed On NYSE And NASDAQ
December 14, 2015--The first-ever ETFs tracking the Standard & Poor's 500 Index (S&P 500) debuted on the Taiwan Stock Exchange (TWSE) today, adding further diversity to Taiwan's fast-growing ETF market.
The three ETFs, issued by Yuanta Securities Investment Trust Co., Ltd., provide investors with a choice of ways to track the S&P 500, which is made up of 500 of the largest companies listed on NYSE and NASDAQ and captures approximately 80% the market capitalization of U.S. markets.
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Source: Mondovisione
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