Global X Japan Launches ETF Tracking Solactive Autonomous and Electric Vehicles
November 17, 2022--Thematic investment has been gaining increasing popularity in the last years. These strategies allocate assets into stocks or other investments based on specific business sectors or themes, intending to benefit from the materialization of trends, technological innovation, and advancements.
One of the main topics that is awakening investors interest now is the automotive industry, which is going through a rapid and disruptive change.
The growth of alternatives to the combustion engine and therefore the emergence of electric vehicles as well as the development of autonomous vehicles will change the landscape of the automotive ecosystem. Envisaging this potential, Solactive is pleased to announce that Global X Japan launched the Global X Autonomous & EV ETF, tracking the Solactive Autonomous & Electric Vehicles Index.
The Solactive Autonomous & Electric Vehicles Index offers investors a representation of the performance of players that are or are expected to soon be active in the electric vehicles and autonomous driving segments.
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Source: Solactive AG
BlackRock ETF stands to benefit from revised Bank of Japan policy
November 15, 2022--Japanese central bank says it will in future focus on investing in the most affordable products
A BlackRock Japan exchange traded fund could be the biggest beneficiary of a change in the Bank of Japan's ETF purchasing programme, which will focus on investing in the most affordable products.
"The amount of each ETF to be purchased shall be determined pursuant to the relevant rules of the bank, while taking into account the holding cost of each ETF and other factors," effective December, according to a BoJ statement issued on October 28.
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Source: ft.com
KIM Launches Semiconductor ETF Tracking Solactive Index
November 15, 2022--The increasing demand for computing products and mobile devices, as well as the growing interest in electric cars and home appliances, mainly built on artificial intelligence developments, lead to a vast potential in the semiconductor industry. The sector has grown by more than 20% to around $600 billion in 2021 and is forecast to have an aggregate annual growth from 6% to 8% up to 2030[1], according to an analysis by McKinsey & Company.
The document shows that the result is a $1-trillion-dollar industry by the end of the decade. Envisaging this potential, Korea Investment Management launches the KIM ACE Solactive Global Semiconductor TOP4 ETF, tracking the Solactive Global Semiconductor Top 4 Plus Index, offering investors a balanced exposure to semiconductor industry based on four major classifications: memory semiconductors, non-memory semiconductors, foundry services, and semiconductor equipment. This index is a representation of securities that have business operations in the global semiconductor industry.
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Source: Solactive AG
Blackrock shelves China bond ETF
November 12, 2022--Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tensions between Washington and Beijing, the Financial Times reported on Saturday.
The world's largest money manager, as "indefinitely" shelved the ETF, the newspaper said, citing people familiar with the decision.
According to one of the people, the move was made in part because of concerns about a backlash in Washington against bankrolling the Chinese government with U.S. capital, the report said.
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Source: reuters.com
JPMorgan lists first ETFs on Aussie sharemarket
November 10, 2022--JPMorgan Asset Management will list two global equities funds on the Australian Securities Exchange as the Wall Street giant seeks to counter the surging flow of money to passive index funds Down Under.
The JPMorgan Equity Premium Income Active ETF (JEPI) and JPMorgan Global Research Enhanced Index Equity Active ETF (JREG) products are expected to begin trading on the local market on Thursday.
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Source: afr.com
Hong Kong Looks At Authorizing Crypto ETFs
November 7, 2022--Hong Kong's Securities and Futures Commission looks set to allow the launch of exchange traded funds tracking cryptocurrency futures for retail investors, citing the increasing sophistication of investor safeguards.
Julia Leung, deputy chief executive and executive director of intermediaries at the SFC, said the regulator was "actively looking to set up a regime to authorise ETFs that provide mainstream virtual assets with appropriate investor guardrails".
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Source: competitionpolicyinternational.com
Asian ETF cross-listings 'remove frictions'
November 3, 2022--DWS's use of ICSD clearing model offers prospect of reduced costs and more choice for investors
The launch of a suite of DWS cross-listed exchange traded funds in Hong Kong and Singapore could be game changing for Asian investors, market participants say, offering the prospect of reduced costs and more choice.
The excitement in the industry does not revolve around the funds themselves- which, apart from one MSCI USA swap Ucits ETF, offer Hong Kong and Singapore investors more exposure in Asian markets albeit via Ucits ETFs-but instead over the way settlement and clearing will be handled.
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Source: ft.com
Hong Kong proposes allowing retail trade in cryptocurrencies
October 31, 2022--Hong Kong's government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds-a move it hopes will help it rebuild its fintech hub status.
The city, which previously proposed limiting crypto trade to professional investors, has seen planned rules for digital assets heavily criticised for stifling innovation, prompting a slew of start-ups to move to other markets such as Singapore and Dubai.
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Source: reuters
Indonesia considers OPEC-style cartel for battery metals
October 30, 2022--World's largest nickel producer exploring governance structure similar to that used by oil group
Indonesia is studying the establishment of an Opec-like cartel for nickel and other key battery metals, highlighting the geopolitical confidence of nations that are rich in resources needed to make electric cars.
Bahlil Lahadalia, the country's investment minister, said Jakarta was looking at mechanisms similar to those used by Opec, the group of 13 oil-producing nations, that could be employed in the supply of metals that are central to the energy transition.
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Source: FT.com
IMF Working Paper-Monetary Policy Communication and Financial Markets in India
October 28, 2022--Summary:
Forward-looking monetary policy communication has become a key element of flexible inflation-targeting regimes across advanced and emerging market economies. The Reserve Bank of India's implementation of a flexible inflation targeting framework since 2016 has been supported by a broad set of communication tools, more recently aided by policy innovations such as forward guidance on policy rates and, asset purchases, increasing the predictability of monetary policy.
A review of the recent innovations of monetary policy communications during the initial waves of the pandemic suggests forward guidance likely played a key role in moderating uncertainty and supporting some asset prices. We also find that the relationship between monetary policy surprises and yields for government and corporate securities across all maturities are positive and statistically significant. The results support an important role for monetary policy communication in guiding market expectations about the monetary policy stance, including the likely path of policy interest rates.
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Source: IMF.org
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