Vanguard Launches the First S&P 500 Exchange-traded Fund Listed on the Hong Kong Stock Exchange
May 21, 2015--Vanguard, the world's largest mutual fund company1 and a leader in low-cost investing, is launching the Vanguard S&P 500 Index ETF (stock code: 3140) today, bringing the number of Vanguard ETF offerings in the Hong Kong market to five.
The new ETF, which will begin trading on the Hong Kong Stock Exchange (HKEx) today, is the first S&P 500 exchange-traded fund (ETF) listed in Hong Kong2.
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Source: ACN NewsWire
Hong Kong, China mutual fund recognition to be announced soon-sources
May 21, 2015--A mutual fund recognition agreement between China and Hong Kong that will allow global asset managers to grab a bigger slice of money available for investment in China and vice versa will be announced soon, two sources told Reuters on Thursday.
Regulators in China and Hong Kong are set to announce the long-awaited policy soon, the two official sources with direct knowledge of the matter said.
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Source: Reuters
Smart Investment for Vietnam's Sustainable Future
May 21, 2015--The inforgraphic Smart Investment for Vietnam's Sustainable Future is now available.
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Source: World Bank
Chinese business sentiment ticks up in May
May 21, 2015--Firms report tighter credit availability despite rate cuts.
Business confidence picked up slightly in May after falling to the lowest since the beginning of 2009 in April,
according to the latest MNI China Business Sentiment Survey.
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Source: www.presidentandceomagazine.com/
Revamped CPSE ETF by October; EPFO, NPS to park fund
May 21, 2015-The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.
Another tranche of CPSE ETF would help the government inch towards its Rs 69,500 crore disinvestment target in the current fiscal.
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Source: The Economic Times of India
China hit by record capital outflows
May 20, 2015--Capital is draining of China at a record speed, stimulating concerns regarding monetary security and also complexing initiatives by the
reserve bank to sustain a slowing down economic climate with reduced rate of interest.
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Source: FT.com
Basanese's Market Insights: The RBA's twin dilemmas...
May 19, 2015-Bassanese's Market Insights: The RBA's twin dilemmas The rise and rise in Sydney house prices is causing much consternation in official circles. Ideally, the Reserve Bank of Australia would prefer house prices in our major city to be less frothy, as it would reduce the risk of a major house price crash later.
That said, the RBA faces two dilemmas in trying to stem the property price rise, which suggest it is likely to retain an easing policy bias – and will still likely cut interest rates further this year. - See more at: http://www.betasharesblog.com.au/rba_twin_dilemmas/#sthash.3rOFBObA.dpuf
Source: BetaShares
Emerging Markets: Narendra Modi, India's Super-Salesman
May 19, 2015--
It was a year ago that I landed in Delhi and was greeted by the headline in the Hindustan Times at my hotel, "Hunkaar Tally BJP 282 Congress 44," For me and a lot of my friends, it was a time to rejoice.
Now a year later, the initial joy has worn off and a sense of reality has returned.
On this first anniversary, I want to talk about why certain sectors of the Indian economy are doing phenomenally well, while others are laggards.
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Source: Peter Kohli of DMS for Nasdaq.com
CSRC clarifies beneficial ownership rules on Connect
May 19, 2015--Regulator sets out beneficial ownership situation for Stock Connect's foreign investors, months after the trading link went live.
The move could pave the way for the launch of Shenzhen Connect.
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Source: Asian Investor
To get EPFO funds listed firms need at least Rs 5,000 crore m-cap
May 18, 2015--To get EPFO funds, listed companies would need to have a minimum market capitalization of Rs 5,000 crore, even as the retirement fund body will invest only the exchange traded funds (ETF) in the current financial year.
According to the new investment pattern notified for investing incremental deposits of EPFO, investment would be in "shares of body corporates listed on Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) which have market capitalization of not less than Rs 5,000 crore as on the date of investment".
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Source: The Times of India