East Asia and Pacific: Pandemic "Triple Shock" Hitting Economies Across Region
September 28, 2020--While economic activity is reviving in some countries, long-term threats to growth and poverty reduction remain
COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession brought on by the crisis.
Swift action will be needed to ensure that the pandemic does not hamper growth and increase poverty for years to come, according to From Containment to Recovery, the World Bank's October 2020 Economic Update for East Asia and the Pacific.
view the World Bank East Asia and Pacific Economic Update October 2020-from Containment to Recovery report
Source: World Bank
Questions raised over Asian ETFs in unyielding market
September 27, 2020--Despite the industry's popularity in the west, financial hubs in Hong Kong, Singapore and Seoul fail to be won over
Bond exchange traded funds (ETFs) are known for their aggressive expansion.
Offering lower fees and better trading than traditional counterparts, bond ETFs-which passively follow indices of bonds and trade on exchanges-are quick to outperform and steal market share from traditional bond funds.
In the US, Europe and Australia, bond ETFs have expanded, making deep incursions into traditional bond fund territory. But Asian financial centres such as Hong Kong, Singapore and Seoul have resisted the ETF industry's advance.
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Source: FT.com
China gets nod to join FTSE Russell's trillion-dollar WGBI club
September 24, 2020--FTSE Russell will add Chinese government bonds (CGBs) to its flagship World Government Bond Index (WGBI), the index provider said on Thursday, paving the way for billions of dollars of inflows into the world's second-largest economy.
The CGBs will be included in the index from October 2021, pending an affirmation on March 2021. The addition will be phased into the index over a period of 12 months.
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Source: reuters.com
BMO to follow Vanguard and exit Hong Kong's ETF market
September 23, 2020--Canada's BMO Global Asset Management plans to exit from Hong Kong's exchange traded fund market, and to offload its seven locally listed ETFs on to China Asset Management (Hong Kong), two people with knowledge of the matter have confirmed to Ignites Asia.
BMO has struggled to raise substantial assets in any of its ETF strategies, amassing just HK$2.86bn ($369.4m) across its seven ETFs.
Its largest Hong Kong-listed ETF, the BMO Asia USD Investment Grade Bond ETF, had assets of HK$1.7bn as of September 15, while its smallest, the BMO MSCI Asia Pacific Real Estate ETF, had just HK$8.4m.
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Source: technocodex.com
BetaShares-Real assets-more than just property
September 21, 2020--Imagine this...
As coach of the Australian rugby team, you pick your biggest and toughest players heading into the World Cup. Fortunately, the current crop are some of the best Australia has seen. That said, they are a big bunch of lads, so will require regular interchanges to make the most of their bulldozing abilities throughout the matches.
The team relies heavily on three or four highly-skilled ball players to create attacking and point-scoring plays.
As you make your way on to the field for the pre-match warm-up, the World Cup Association announces a surprise change to the rules -no interchanges will be allowed for the entire game, and for every other game of the tournament.
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Source: betashares.com.au
SET market report for August 2020
September 8, 2020--The Stock Exchange of Thailand (SET) Index at end-August closed at 1,310.66 points or a 1.3 percent lower than the previous month with various factors weighed on investors' confidence comprising US-China conflict, concerns over the second wave of COVID-19 spread, and a series of internal political street protests. SET Index fell 17.0 percent from end-2019, but fared better than MSCI ASEAN which retreated 19.9 percent.
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Source: Stock Exchange of Thailand (SET)
Global X ETFs Celebrates the Launch of Inaugural Japan-listed ETFs in Partnership with Daiwa Securities
September 8, 2020--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), celebrates the recent launch of the first two Global X-branded ETFs listed in the Japanese market. Global X Japan, a joint venture between Global X ETFs and Daiwa Securities, listed the Global X J-REIT Logistics ETF (2565 JP) and the Global X MSCI SuperDividend Japan ETF (2564 JP) on the Tokyo Stock Exchange on August 26, 2020.
Global X Japan, the joint venture first announced September 9, 20191, aims to bring Global X's intelligent investment philosophy to the burgeoning ETF landscape in Japan, leveraging Daiwa's extensive capabilities and prominent reputation in the country. With nearly half of all personal financial assets in Japan held in cash, the joint venture aims to seize the substantial opportunity to educate local investors on the potential benefits of ETFs.2
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Source: Global X
Biggest IPO in history? China's Ant could trump Saudi Aramco's $29.4bln
September 6, 2020--Backed by e-commerce giant Alibaba Group, Ant plans to list simultaneously in Hong Kong and Shanghai.
Chinese financial technology firm Ant Group is expecting a mega IPO of up to $30 billion, which would trump Aramco's $29.4 billion IPO, according to reports, and make it the world's largest ever.
Backed by e-commerce giant Alibaba Group, Ant plans to list simultaneously in Hong Kong and Shanghai. Sources have said it could take place as soon as October.
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Source: zawya.com
Australian Senate Committee Interim Report into FinTech & RegTech released
September 4, 2020--The Australian Senate Select Committee inquiry into FinTech and RegTech has released their interim report.
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Source: bitsofblocks.io
Investors see lower net returns from potential closet index funds
September 3, 2020--Singapore Exchange Ltd. is creating two new cryptocurrency indexes with the goal of setting the pricing standard for Bitcoin and Ethereum in Asia.
SGX's iEdge Bitcoin Index and iEdge Ethereum Index will use inputs from exchanges determined by CryptoCompare, according to the methodology.
The aim is for the gauges to become reference points for trading in those cryptocurrencies during Asian hours, according to SGX's Head of Index Services Simon Karaban.
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Source: bloomberg.com
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