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BetaShares Australian ETF Review-April 2021-APRIL 2021: INDUSTRY POWERS AHEAD INTO Q2
May 19, 2021--After breaking the $100B assets under management milestone in March, the Australian ETF industry has powered ahead in April, assisted by the 'triple threat': 1) strong sharemarket gains 2) higher than average net flows, and 3) another large unlisted fund conversion on Chi-X.
Market cap
ASX Exchange Traded Product market cap: $108.8B1-all time end-of-month high
Market cap change for month: 5.8%, $5.9B
Market cap growth for the last 12 months: 78%, + $47.5B -fastest yearly growth ($ terms) on record
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Source: betashares.com.au
Trading in Taiwan inverse ETF surged as stock market plunged
May 19, 2021--The Yuanta/P-shares Taiwan Top 50 inverse fund was the most traded security during May 12 turmoil
As the Taiwanese stock market suffered the worst one-day drop last week, one inverse exchange traded fund recorded its highest trading volume and became the most traded security on the exchange.
Taiex, the weighted index for stocks listed on the Taiwan Stock Exchange, fell 8.55 per cent on May 12, the worst intraday decline since it was launched in 1969.
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Source: FT.com
Japan's economy slumps back into decline as COVID-19 hits spending
May 18, 2021--Japan's economy shrank more than expected in the first quarter as a slow vaccine rollout and new COVID-19 infections hit spending on items such as dining out and clothes, raising concerns the country will lag others emerging from the pandemic.
Capital expenditure also fell unexpectedly and export growth slowed sharply, a sign the world's third-largest economy is struggling for drivers to pull it out of the doldrums.
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Source: reuters.com
BlackRock Wins Approval for China Wealth Management JV
May 14, 2021--BlackRock will own 50.1 percent of the joint venture, while China Construction Bank will own 40 percent.
China Banking and Insurance Regulatory Commission (CBIRC) has awarded BlackRock a license for its wealth management joint venture in China with Singapore sovereign investor Temasek and state-owned financial giant China Construction Bank, the U.S. fund house said on Wednesday.
"The Chinese market represents a significant opportunity to help meet the long-term goals of investors in China and internationally" Larry Fink, BlackRock chairman and CEO, said in a statement.
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Source: finews.asia
BlackRock fee cut portends new Hong Kong ETF price skirmish
April 28, 2021--Management charges on the iShares FTSE A50 China ETF have been slashed from 0.99% to 0.35%
BlackRock's decision to slash fees on its flagship China A-share exchange-traded fund in Hong Kong, suggests the market is becoming more competitive and could spark a price war, some industry participants say.
BlackRock announced last month that the management fee on its Hong Kong-listed iShares FTSE A50 China ETF would be reduced by more than half to 0.35 per cent from 0.99 per cent per annum, effective on March 22.
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Source: ftchinese.com
China set to report first population decline in five decades
April 28, 2021--China is set to report its first population decline since the famine that accompanied Mao Zedong's Great Leap Forward in the late 1950s, reported the Financial Times.
The current fall in population comes despite the relaxation of strict family planning policies, which was meant to reverse the falling birth rate of the world's most populous country.
The latest Chinese census, which was completed in December but has yet to be made public, is expected to report the total population of the country at less than 1.4 billion, according to people familiar with the research, reported the FT. In 2019, China's population was reported to have exceeded the 1.4 billion mark.
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Source: chinaeconomicreview.com
IMF-Philippines: Financial System Stability Assessment-Press Release and Statement by the Executive Director for the Philippines
April 9, 2021--Summary:
GDP contracted by 9½ percent in 2020-a much steeper decline than during the Asian Financial Crisis (AFC)-but it is now recovering with the easing of containment measures and economic policy support. Banks are closely connected to the corporate sector through high credit exposures and conglomerate ownership linkages.
The Financial Action Task Force (FATF) may list the Philippines as a jurisdiction with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies in 2021. The country is also vulnerable to climate change (physical) risks, especially the destruction of physical capital from typhoons.
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Source: IMF
BetaShares Australian ETF Review-March 2021: Raise the Bat! Industry Blasts Through the $100B Mark
April 14, 2021--The Australian ETF industry now exceeds $100 billion in funds under management (FUM), topping the milestone figure for the first time just three months after the end of a record-breaking 2020. The milestone was met after a very strong month for growth, driven by a combination of asset price appreciation, a large unlisted fund conversion and solid net flows.
Market cap
ASX Exchange Traded Product market cap: $102.9B1- all time end of month high, breaking through the $100B milestone
Market cap change for month: 5.7%, $5.6B
Market cap growth for the last 12 months: 80%, + $45.7B -all time high, fastest yearly growth on record
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Source: betashares.com.au
Chinese Economy Grew More Than 18% in First Quarter
April 14, 2021--The year-over-year GDP growth rate will almost certainly trend lower in coming quarters
China's economy surged 18.3% in the first quarter from a year earlier, a record rate of growth that reflected the recovery from a deep coronavirus-induced trough in early 2020 and the continued momentum of the world's second largest economy.
The rate of gross domestic product growth in the first three months of 2021 was sharply higher than the 6.5% year-over-year growth recorded in the final quarter of 2020, though it fell short of the 19.2% growth expected by economists polled by The Wall Street Journal.
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Source: wsj.com
After a Strong Crisis Response, Asia Can Build a Fairer and Greener Future
April 13, 2021--In some Asia-Pacific countries, the unpleasant memory of the pandemic is receding; elsewhere, second or third waves of infections are raging. A recovery is underway, but the regional averages obscure wide differences within and across countries.
Everywhere, the pandemic has inflicted historic income losses borne mostly by the less advantaged: low-wage and informal workers, as well as youth and women. A region known for its trademark growth-with-equity model now runs the risk of entrenching excessive inequality. If policymakers do not act, they risk stunted opportunities, fragile growth, and even social unrest.
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Source: IMF
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