SGX reports market statistics for March 2019
April 10, 2019--Derivatives volume hit record high during first quarter of 2019, reaching daily average volume of more than 1 million contracts per quarter for the first time
Securities daily average value rose compared to preceding quarter, led by higher turnover in IT and REIT sectors
Singapore Exchange (SGX) today released its market statistics for March 2019.
Risk management was a major theme during the month, with commodity supply disruptions in Brazil and Australia spurring hedging demand for iron ore. Positive investor sentiment also drove market activity, with SGX’s equity-index futures volume achieving a record high of 18.6 million contracts in March, as portfolio investors managed their exposure to the Chinese and Japanese stock benchmarks.
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Source: Singapore Exchange (SGX)
ASX-Investment Products Monthly Update-March 2019
April 7, 2019--Despite not adding any new Investment Products in the month of March 2019, Total Assets Under Management of all Investment Products increased by 3.7% over the month of March 2019, from 300.20bn at 28 February 2019 to 311.42bn at 29 March 2019.
March 2019 saw growth in Assets under Management in ETPs (up 3.0%), mFunds (up 3.2%), LICs & LITs (up 0.5%), A-REITs (up 5.2%) and Infrastructure Funds (up 3.3%) on a month on month basis.
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Source: ASX
South Asia Needs More Exports to Maintain Growth
April 7, 2019--South Asia holds on to its top spot as the world's fastest growing region, with growth set to step up to 7.0 percent in 2019, then 7.1 percent in 2020 and 2021, but the region needs to increase its exports to sustain its high growth and reach its full economic potential, says the World Bank in its twice-a-year regional economic update.
The latest edition of the South Asia Economic Focus, Exports Wanted, finds that the region's growth, while still robust, is mainly driven by domestic demand, which in turn swelled imports and far outstripped exports, further widening trade gaps and current account deficits, and triggering currency depreciation in some countries.
view the World Bank-South Asia Economic Focus-Spring 2019 Exports Wanted
Source: World Bank
South Asia Needs More Exports to Maintain Growth
April 7, 2019 – South Asia holds on to its top spot as the world's fastest growing region, with growth set to step up to 7.0 percent in 2019, then 7.1 percent in 2020 and 2021, but the region needs to increase its exports to sustain its high growth and reach its full economic potential, says the World Bank in its twice-a-year regional economic update.
The latest edition of the South Asia Economic Focus, Exports Wanted, finds that the region's growth, while still robust, is mainly driven by domestic demand, which in turn swelled imports and far outstripped exports, further widening trade gaps and current account deficits, and triggering currency depreciation in some countries.
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view the World Bank South Asia Economic Focus Spring 2019 Exports Wanted
Source: World Bank
IMF Working Paper-Household Debt, Consumption, and Monetary Policy in Australia
April 5, 2019--Summary:
This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to rising debt service over time. Then, the paper analyzes the impact of a monetary policy shock on households’ current consumption and durable expenditures depending on the level of household debt.
The results corroborate other work that households’ response to monetary policy shocks depends on their debt and income levels. In particular, households with higher debt tend to reduce their current consumption and durable expenditures more than other households in response to a contractionary monetary policy shocks. However, households with low debt may not respond to monetary policy shocks, as they hold more interest-earning assets.
view the IMF Working Paper-Household Debt, Consumption, and Monetary Policy in Australia
Source: IMF
BSE, India INX become first Indian exchanges to sign MoU with Moscow Exchange
April 5, 2019--BSE (earlier known as Bombay Stock Exchange) and India International Exchange (India INX) have signed a memorandum of understanding with Moscow Exchange (MOEX) to connect investor community and companies in both countries besides allowing a capital formation platform.
BSE and India INX are the first Indian exchanges to enter into the MoU with Moscow exchange.
The exchange companies have agreed to the secondment of senior personnel to enhance understanding of activities in each other's market
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Source: Business Standard
Cambodia and Singapore strengthen cooperation in FinTech Innovation
April 4, 2019--The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech innovation between both countries.
Under the MOU, both countries will share information on emerging market trends and developments in FinTech, as well as regulatory issues pertaining to innovation in financial services. The two authorities will work together to conduct joint training sessions to share expertise to foster cross-border cooperation.
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Source: Source: Monetary Authority of Singapore (MAS)
FTSE Russell index selected for first infrastructure ETF traded on ASX
April 3, 2019--FTSE Developed Core Infrastructure 50/50 Index licensed by VanEck Australia
First infrastructure index-linked ETF traded on the Australian Securities Exchange
Index captures 155 infrastructure stocks representing the world's Developed Markets
FTSE Russell, the global index provider, announces that VanEck Australia, one of Australia's prominent providers of exchange traded products, has chosen to license the FTSE Developed Core Infrastructure 50/50 Index for its latest Exchange Traded Fund (ETF), the VanEck Vectors FTSE Global Infrastructure (Hedged) ETF.
Last year, after consultation with key market practitioners, the FTSE Infrastructure Index Series was expanded to include the 50/50 indexes, which provide an industry-defined interpretation of infrastructure and adjust the exposure to certain infrastructure sub-sectors.
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Source: FTSE Russell
BetaShares-Market Trends: April 2019
April 3, 3019--Property gains on lower rates
Australian listed property was the best performing of our seven major asset classes* in March, benefiting from a steep drop in global bond yields as central banks moved back to a more neutral policy stance.
Indeed, Australian bonds were the second best performing asset class as expectations grew that the Reserve Bank would eventually cut interest rates, which contributed to a decline in local 10-year bonds yields from 2.1% to 1.8%.
Australian equities posted solid gains, albeit somewhat weaker than in February as financial stocks gave back some of their strong gains following the Hayne Royal Commission.
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Source: BetaShares
19-076MR ASIC re-issues practical guidance for foreign financial services providers in Information Sheet 157
April 3, 2019--ASIC has today re-issued Information Sheet 157 Foreign financial services providers-practical guidance (INFO 157) for foreign financial services providers (FFSPs) seeking to provide financial services only to wholesale clients in Australia.
FFSPs regulated by certain overseas regulators who wish to provide financial services to wholesale clients in Australia can rely on 'class' relief, provided certain conditions are met. To do so, they need to notify us that they wish to rely on this relief.
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Source: ASX
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