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BetaShares Australian ETF Review-May 2021: ETF Industry Grows Exponentially While LICs Stagnate
June 20, 2021--The Australian ETF industry continued its strong growth in May, once again aided by sharemarket appreciation and robust net inflows. In this edition of the ETF Review, we also check in on the relative growth of the Australian ETF v. Listed Investment Company (LIC) industries-it's certainly a tale of two cities!
Market cap
ASX Exchange Traded Product market cap: $111.7B1-all time end-of-month high
Market cap change for month: 2.7%, $2.9B
Market cap growth for the last 12 months: 75%, + $47.7B - fastest yearly growth ($ terms) on record
Tokyo Stock Exchange weighs extending hours to lure foreign money
June 17, 2021--Japanese bourse eyes domestic retail and overseas investors in global push
The Tokyo Stock Exchange is planning to extend trading hours beyond the current 3 p.m. so that it can stay open longer for investors in European and U.S. time zones, Nikkei learned on Monday.
The plan, which also provides more opportunities for domestic retail investors who trade after work, will be limited to the spot-trading of stocks. The exchange will discuss the plan with financial companies.
Indonesia: Rapid Mass Vaccination, Effective Pandemic Control and Strong Fiscal and Monetary Support are Critical to Boost the Economic Recovery
June 17, 2021--Indonesia's economy is projected to rebound from the 2020 recession with 4.4 percent growth in 2021. The rebound is predicated on the pandemic being contained and the global economy continuing to strengthen, according to the World Bank's latest Indonesia Economic Prospects report ("Boosting the Recovery"), released today.
The report highlights that although consumption and investment growth were subdued during the first quarter of 2021, consumer sentiment and retail sales started to improve during the second quarter suggesting stronger growth momentum. However, it also notes that pandemic related uncertainty remains elevated due to risks of higher viral transmission.
view the World Bank Indonesia Economic Prospects report -Boosting the Recovery
Chinese institutions put ESG ETFs on most-wanted list
June 11, 2021--Survey reveals 80% plan to allocate up to 20% of their assets to the sustainable funds over next five years
Exchange traded funds that focus on environmental, social and governance themes have become the top choice for Chinese institutions investing in the vehicles, despite enduring doubts over performance.
Mainland Chinese and Taiwan investors rank ESG ETFs as their top choices for new products, while Hong Kong investors rank it as their third-most desired ETFs, a new survey from Brown Brothers Harriman shows.
BlackRock becomes first to operate wholly owned China mutual fund biz
June 11, 2021--BlackRock Inc (BLK.N) has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country's $3.5 trillion mutual fund industry.
BlackRock, the world's biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval to begin operations.
Hong Kong fixed income ETF incentive meets tepid industry welcome
June 3, 2021--The Hong Kong exchange's decision to boost investor interest by waiving fees on fixed income and money market exchange traded funds is unlikely to have an immediate impact, industry participants say.
Hong Kong Exchanges and Clearing moved to waive trading tariffs and minimum stock settlement fees from May 31 in a bid to "enhance its ETF market structure and drive liquidity to Hong Kong-listed ETFs", said Brian Roberts, HKEX's head of exchange-traded products.
Roberts added that the policy came "at an opportune time" in light of the "strong increase in investor demand for China fixed income products".
India's economic growth picks up in January-March quarter, before huge Covid-19 wave
May 31, 2021--India's annual economic growth rate picked up in January-March compared with the previous three months.
But economists are increasingly pessimistic about this quarter after a huge second wave of Covid-19 infections hit the country last month.
India has recorded 28 million Covid-19 infections, second only to the United States, and 329,100 deaths as of Monday, although the rise has begun to slow.
India's annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of Covid-19 infections hit the country last month.
ChinaAMC (HK) completes take over of BMO's Hong Kong ETF suite, now managing the largest US equity ETPs and largest Asia bondETF domiciled in Hong Kong
May 28, 2021--China Asset Management (Hong Kong) Limited ("ChinaAMC (HK)") is pleased to announce the takeover of seven Hong Kong-listed ETFs from Canada’s BMO Global Asset Management, effective on28 May 2021 (Friday).
As of 25 May 2021, the seven ETFs have a total asset of approximately HKD 4.35 billion1. Mackenzie Investments, a renowned Canadian asset manager and also one of the major shareholders of China Asset Management Company Limited, will be responsible as an investment advisor. These seven ETFs have been included in the list of approved Index-Tracking Collective Investment Schemes ("ITCIS").
State Street's role as manager of Hong Kong's largest ETF under scrutiny
May 25, 2021--US manager's future could rest on whether Biden decides to maintain a blacklist on investing in certain Chinese companies
Hong Kong's central bank is working with the supervisory board of the Tracker Fund to review State Street Global Advisors' role as manager of the territory's largest exchange traded fund in the territory.
There have been high-level discussions on replacing the manager since it flip-flopped earlier this year on whether to implement the Trump administration's investment bans on companies linked to the Chinese military.
Shanghai and South Korean exchanges agree to crosslist ETFs
May 21, 2021--The Shanghai and South Korean stock exchanges have agreed to establish an exchange-traded fund link that allows ETF providers to sell their products directly to investors in other markets.
Kai Jang-chun, general manager of the Shanghai Stock Exchange, and Song Byung-du, chairman and chief executive officer of the Korea Exchange, signed a memorandum of understanding last week via a video link.
"The demand for foreign investment has facilitated close cooperation between the capital market industries of China and South Korea," said the Shanghai Stock Exchange. Said At the announcement.
KRX's Son said future cooperation in areas such as ETF crosslisting and joint index development will allow investors to increase access to the capital markets of both countries.
