Premia Partners launches world's first Asia Innovative Technology and Emerging ASEAN Titans ETFs capturing opportunities across growth economies and technology-enabled sectors in Asia
August 5, 2018--Premia Partners, the Hong Kong-based investment firm that focuses on ETFs and smart beta solutions, announces the launch of two thematic ETFs designed to provide investors with diversified exposure to growth economies and growth sectors in Asia.
The two HKEX listed ETFs both have a total expense ratio of 0.50% and are physically replicated.
Premia Asia Innovative Technology ETF (Tickers: 3181 HK / 9181 HK) tracks the Premia FactSet Asia Innovative Technology Index, which aims to capture 50 leading Asia-based companies engaged in emerging and disruptive solutions across technology-enabled sectors of digital transformation, healthcare & life sciences, and robotics & automation.
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Source: Premia Partners Company Limited
18-222MR ASIC updates guidance for funds management industry
July 31, 2018--ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency.
The updates are designed to help the funds management industry to access the Asia Region Funds Passport. The passport is designed to provide investors with access to funds from participating economies throughout the Asia region.
The new and updated regulatory guides are:
Regulatory Guide 131 Funds management: Establishing and registering a fund (RG 131)
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Source: ASIC
ETFGI reports assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) decreased by 4.53% during June 2018
July 31, 2018--The largest monthly decrease since January 2016 which had a decrease of 9.03%
ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) decreased to US$176 billion at the end of June 2018.
Assets decreased 4.53% from US$184 billion at the end of May, the largest monthly decrease since January 2016 which had a decrease of 9.03%. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) decreased by 4.53% during June 2018 to $176 Bn.
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Source: ETFGI
S.Korea to impose capital gains tax on all stock derivatives
July 30, 2018--South Korea will expand capital gains taxes to cover all stock price index options and futures transactions as part of changes to tax codes following an annual review, the finance ministry said on Monday.
The move, set to kick in from April, comes as Asia's fourth-largest economy pushes to boost tax revenue to bolster fiscal spending in the face of a rapidly aging population.
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Source: Reuters
The World's Fastest-Growing Economy Looks Like It's Got Momentum
July 29, 2018--New orders picked up in June as bank loan disbursals grew
Growth recovery to push inflation higher, may prompt rate hike
The world's fastest growing major economy is showing signs of a recovery in animal spirits, suggesting India's mid-term outlook can weather global trade tensions and emerging market strains.
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Source: Bloomberg
IMF Staff Country Reports-Singapore: 2018 Article IV Consultation
July 27, 2018--Summary:
Singapore's economy is on a strong cyclical upswing. Economic growth has recovered to a three-year high, led by externally-oriented sectors that benefitted from the synchronized global expansion. Economic momentum is becoming more broad-based, helping to reduce the labor market slack.
Growth is expected at or above the potential rate in the near term, increasingly supported by domestic demand. Inflation is subdued but expected to rise modestly. The current account surplus, as a share of GDP, has remained large. Risks to the near-term outlook are broadly balanced and come mainly from external sources. Over the medium term, the structural transformation aimed to prepare Singapore for challenges from technological changes globally and population aging at home should help support higher productivity.
view the IMF Staff Country Reports-Singapore: 2018 Article IV Consultation
Source: IMF
IMF Country Focus-China's Economic Outlook in Six Charts
July 26, 2018--China's economy continues to perform strongly-with growth projected at 6.6 percent for 2018. Four decades of reform have transformed China from one of the poorest countries in the world to the second largest economy, said the IMF in its latest annual assessment of the economy.
1. China's strong GDP growth continues. The country now accounts for one-third of global growth. Over 800 million people have been lifted out of poverty and the country has achieved upper middle-income status. China’s per capita GDP continues to converge to that of the United States, albeit at a more moderate pace in the last few years.
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Source: IMF
ETFGI reports assets invested in ETFs and ETPs listed in Japan reached a record high of US$312 billion at the end of June 2018
July 26, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs and ETPs listed in Japan reached a record high of US$312 billion at the end of June 2018, surpassing the previous record of US$311 billion set at the end of May 2018. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Japan increased by 0.20% during June 2018 to reach a record high of $312 Bn, beating the prior record of $311 Bn set in May 2018.
Year-to-date, assets have increased by 13.1% from $276 Bn at the end of 2017.
In June 2018, ETFs/ETPs listed in Japan saw net inflows of $6.82 Bn.
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Source: ETFG
Recommendations for the further development of China's gold market
July 25, 2018-- Today, China's gold industry is at a crossroads; leading stakeholders are asking where it will go next. We believe the consideration of three questions will help set the course for the industry over the next three to five years:
How can China's domestic gold investment market become stronger?
How can China's gold trading market prepare for greater global integration?
How can gold support the internationalisation of the renminbi?
This report focuses on China's gold investment and trading markets. The nation's jewellery and technology markets are robust and, as such, are out of the scope of this paper. But China's investment and trading markets would benefit from strategic guidance and developing them will support the internationalisation of the renminbi.
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Source: World Gold Council (WGC)
Stocks rise as Beijing seeks to boost economy with US$73.6 billion cash injection
July 24, 2018--Shares in Hong Kong and mainland China rose on Tuesday after the Chinese government moved to lift the economy with a series of new measures amid the trade tensions with the United States and a scandal in the pharmaceutical sector.
The State Council, the state cabinet, said on Monday it would adopt a "more proactive fiscal policy" and would speed up raising and spending 1.35 trillion yuan (about US$199 billion) for local government, designated to be spent on infrastructure.
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Source: South China Morning Post
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