China's yuan continues to fall, sparking comparisons to 2015 rout
July 3, 2018--The yuan continued its slump on Tuesday amid fears of a U.S.-China trade war.
The onshore and offshore yuan crossed the 6.7 per dollar level for the first time since August 2017.
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Source: CNBC.com
ETFGI reports assets invested in ETFs and ETPs listed in Japan reached record high of US$311 billion at the end of May 2018
July 2, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Japan reached a record US$311 billion at the end of May 2018. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Japan reached $311 Bn at the end of May 2018.
In May 2018, ETFs and ETPs listed in Japan gathered net inflows of $1.15 Bn, the second lowest inflows since October 2017.
May 2018 also marked the 7th consecutive month of net inflows into ETFs/ETPs listed in Japan.
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Source: ETFGI
ETFGI reports ETFs and ETPs listed in Asia Pacific ex-Japan gathered net inflows of US$3.86 billion during May 2018
July 2, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Asia Pacific (ex-Japan) gathered US$3.86 billion in net inflows during May 2018; the 7th consecutive month of positive flows.
Year-to-date net inflows for 2018 reached US$17.7 Bn at the end of May, compared to US$4.72 Bn in net outflows at this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
Net new assets gathered by ETFs/ETPs listed in Asia Pacific ex-Japan were $3.86 Bn in May.
May 2018 marked the 7th consecutive month of net inflows into ETFs/ETPs listed in Asia Pacific ex-Japan.
Assets invested in ETFs/ETPs listed in in Asia Pacific ex-Japan increased by 1.02%, or $1.85 Bn, during May.
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Source: ETFGI
"FIRE!"- Understanding the Financial Independence, Retire Early movement
July 27, 2018--There's this movement I've been hearing a lot about lately called FIRE' which stands for "Financial Independence, Retire Early". The acronym intrigued me and initially I was curious as to whether it was another get rich quick scheme. Far from it, FIRE is a slow burn. For those that haven't read about it yet, I thought I would provide a short intro.
Basically, the movement centres around three lifestyle adjustments in the belief they will assist to achieve 'FIRE'.
Frugality
This is by far the most fundamental aspect of FIRE. The FIRE movement advocates that someone who aspires to retire early must go to great lengths to budget and reduce normal consumption.
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Source: BetaShares
AUD/USD-where to from here?
June 27, 2018--The Australian dollar has traded a wide up-trending range against the $US since early 2016, though appears to have broken below this range more recently. This note provides an updated valuation framework to explain recent $A behavior. The model also suggests that, under reasonable assumptions, the $A could test US71c by year-end.
$A-breaking its range
As seen in the chart below, the Australian dollar has tended to push higher since early 2016, touching just over US80c in January this year. Since then the $A has tended to decline, and recently broke below trend-line support around US76c, and is now down to around US74c. What caused this decline, and will it continue?
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Source: BetaShares
SGX launches rules for listing of dual class shares companies
June 26, 2018--Singapore Exchange (SGX) today introduced rules that make possible the listing of companies with dual class shares (DCS) structures as Singapore gears up for the New Economy.
"SGX today joins global exchanges in Canada, Europe and the US where companies led by founder-entrepreneurs who require funding for a rapid ramp-up of the business while retaining the ability to execute on a long-term strategy, are able to list. Investors who understand and agree with the business model and management of DCS companies will also have more choice," said Loh Boon Chye, CEO of SGX.
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Source: SGX
China stocks officially in bear territory, lose market cap bigger than Canada's entire economy
June 26, 2018--Trade war tensions 'create bad sentiment for the market as a whole
Shanghai's benchmark stock index plunged to its lowest level in two years, driving Asia's largest equity bourse down into official bear market territory, as concerns about a trade war with the United States sent investors scurrying to extract funds from equities.
Overall, Chinese stocks have lost about US$1.6 trillion in total value-more than the size of Canada's entire economy' since a high in January,...
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Source: South China Morning Post
IMF Staff Country Reports-The People's Republic of China: Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures-Technical Note
June 26, 2018--EXECUTIVE SUMMARY
China's landscape for Financial Market Infrastructures (FMIs) is one of the largest and most complex in the world. It consists of a range of payment, clearing and settlement systems, including several interbank payment systems, securities settlement systems and central counterparties(CCPs).
Many of the systems have high volumes by international comparison and are systemically important at a national level. Disruptions, both operational and financial, in one of these FMIs may significantly impact the functioning of the Chinese economy. The landscape is subject to changes, following international developments, such as the establishment of a cross-border interbank payment system (CIPS) and a CCP for over-the-counter (OTC) derivatives. The development of new, innovative products, for example, in the area of internet payments, is changing the landscape further.
JP Morgan Asset Management adds two to Asia Beta Strategies team
June 25, 2018--JP Morgan Asset Management (JPMAM) is expanding its Asia Beta Strategies team with two Hong Kong appointments.
Albert Chuang has relocated to Hong Kong as Portfolio Manager on JPMAM's Quantitative Beta Strategies Investment team. He is focused on quantitative research, model development and portfolio management for strategic beta and alternative risk premia strategies. He manages portfolios for both Funds and Institutional clients.
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Source: institutionalassetmanager.co.uk
Lonsec issues 'Recommended' rating for BetaShares' Hybrids Active ETF (ASX: HBRD)
June 25, 2018--Lonsec commends Fund Manager on strong understanding of the complex Australian hybrid market dynamics.
BetaShares, a leading manager of Australian exchange-traded products, has today announced its Active Australian Hybrids Fund (managed fund) (ASX: HBRD) has been awarded a 'Recommended' rating from Lonsec.
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Source: BetaShares