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BetaShares Australian ETF Review-February 2021: Fund Flows Remain Strong as Sharemarkets Continue To Rise
March 16, 2021--The month of February saw the U.S. and Australian sharemarkets continue their recent strong form, while ETF industry inflows themselves remained solid. The Australian ETF industry continued to grow, and reached yet another new record high of $97.3B at the end of the month. Read on for more details, including best performers, asset flow categories and more.
Market cap
ASX Exchange Traded Product market cap: $97.3B1-all-time end of month high
Market cap change for month: +0.6%, +$0.5B
Market cap growth for the last 12 months: +52%, + $33.3B
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Source: betashares.com.au
Vanguard Hits Pause on Fund Ambitions in China
March 16, 2021--The decision is part of the U.S. financial giant's push to focus on dispensing advice in China with Ant G
American financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China.
The Malvern, Pa., firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. The firm had been planning to seek Beijing's approval for the business.
The $7.2 trillion asset manager has for years aimed to bring low-cost index funds to China, a radical idea in a country where investors prize funds that pick and choose investments to beat markets. But Vanguard executives have now decided that building a meaningful presence in China's fund industry would take longer than they expected, people familiar with the matter said.
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Source: wsj.com
Chinese Stocks Slide, With a Major Index in Correction Territory
March 8, 2021--CSI 300 benchmark has fallen 12.5% from a recent peak in February
China's main stock benchmarks tumbled, erasing all of this year's gains, as investors grappled with signs that policy makers in Beijing will take more action to rein in debt and prevent asset bubbles from forming.
The CSI 300-an index of the 300 largest stocks listed in mainland China-fell 3.5% Monday while the Shanghai Composite Index dropped 2.3%, hitting their lowest closing levels in 2021. The CSI 300 is now in correction territory, having declined more than 10% from a recent peak on Feb. 10, just before the start of the Lunar New Year holiday.
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Source: wsj.com
SET market report for February 2021
March 8, 2021-- The global stock exchanges in February 2021 faced volatility from bond yield spike that hit the 12-month high, reflecting an anxiety in revising inflation forecast that could cause major central banks in many countries to temper monetary policy easing sooner than previously expected.
The Stock Exchange of Thailand (SET) Index fared well on the heels of the
global economic rebound and optimism on recovery in service and tourism sectors
following the domestic vaccination rollout.
SET Senior Executive Vice President Soraphol Tulayasathien said the SET Index gained 2.0 percent from the previous month to 1,496.78 points at end-February, buoyed by a pickup in the world economy coupled with optimism after Thailand begun importing vaccine. The Market for Alternative Investment (mai) Index logged its closing high during the month-end in two years of 379.07, or a 6.4 percent increase from a month ago in February. Comparing with year-end performance, Agro & Food Industry, Financials, Industrials and Services industry groups outperformed SET Index.
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Source: The Stock Exchange of Thailand (SET)
China GDP: economic growth target of 'above 6 per cent' for 2021 confirmed by Premier Li Keqiang
March 5, 2021--China set an economic growth target of 'above 6 per cent' for 2021, Premier Li Keqiang confirmed at the National People's Congress (NPC) on Friday in Beijing
China has set a target of creating 11 million new urban jobs, while the target for consumer price index (CPI) growth is around 3 per cent
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Source: scmp.com
Harvest in Hong Kong to list China ESG ETF
March 4, 2021--The ETF should provide investors exposure to the top 100 high quality listed Chinese companies.
March 4, 2021--Harvest Global Investments, the wholly-owned subsidiary of Beijing-headquartered Harvest Fund Management, will be listing its first ESG ETF in Hong Kong on 10 March, according to a statement from the firm.
The Harvest CSI 300 ESG Leaders Index ETF has also been added on Hong Kong's Securities and Futures Commission's (SFC) list of ESG-approved funds, which include products that meet ESG disclosure requirements aimed at countering greenwashing, according to SFC records.
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Source: fundselectorasia.com
BlackRock Hong Kong-listed ETF hit by heaviest outflows in 2020
March 4, 2021--The iShares FTSE A50 vehicle suffered net redemptions of $1.2bn despite A-share bull run
A BlackRock China-focused exchange traded fund suffered the heaviest outflows in Hong Kong last year, even as the wider ETF industry in the territory recorded its highest annual inflows in years.
BlackRock's iShares FTSE A50 China ETF recorded net redemptions of $1.17bn, followed by CSOP Asset Management's FTSE China A50 ETF, which saw redemptions of $897.8m.
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Source: FT.com
Indonesia Has an Opportunity to Boost Growth
March 3, 2021--After several years of strong growth, Indonesia's GDP fell 2.1 percent in 2020. While large, this downturn was smaller than other countries in the Asia-Pacific region, reflecting less stringent containment measures and lower dependence on highly impacted sectors like tourism.
The IMF's latest yearly assessment of Indonesia's economy shows the country has the firepower to boost its economic recovery. Appropriate reforms and policy actions can lead to a greener and more inclusive recovery.
Here are five charts on Indonesia's outlook.
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Source: IMF
Invesco launches China all shares ETF
Covers Chinese equities internally and externally listed
March 3, 2021--The MSCI China All Shares Stock Connect UCITS ETF will be available for an ongoing charges figure of 0.35% and covers equities listed in Hong Kong, Shanghai, Shenzhen and outside of China.
The MSCI China equity universe has been adjusted to provide a full weighting of China A shares, available through Stock Connect and all constituents are weighted by free-float-adjusted market capitalisation, rebalanced quarterly.
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Source: investmentweek.co.uk
IMF-Indonesia: Selected Issues
March 2, 2021--Indonesia has responded with a bold and comprehensive policy package to cushion the impact of the COVID-19 pandemic. The economy rebounded in the third quarter of 2020, and the economic recovery is projected to strengthen in 2021 and 2022.
Strong policy support and an improving global economy will be the main drivers initially, and greater mobility and confidence will follow with the planned vaccination program in 2021. The uncertainty surrounding the growth outlook is larger than usual.
Early completion of a widespread vaccination program is an upside risk, while a protracted pandemic remains a downside risk. The macro-financial fallout of the pandemic and economic downturn could be larger than expected, and credit conditions could be slow to improve. Ongoing reforms aimed at promoting investment are expected to help mitigate the scarring effects from the pandemic and put the economy on a sustained growth path that builds on Indonesia’s favorable demographics.
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Source: IMF
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