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TSMC fever helps boost fortunes of Taiwan ETFs
November 28, 2022--Funds with large exposure to chipmaker saw sharp gains after news broke of Berkshire Hathaway stake
Taiwanese exchange traded funds with significant exposure to Taiwan Semiconductor Manufacturing Company have seen sharp gains as overseas investors place large bets on the chipmaker.
Fubon Taiwan Technology ETF is the most exposed to TSMC, with nearly 60 per cent of its assets invested in the company.
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Hong Kong's CSOP AM sets sights on South Korea's retail ETF market
November 25, 2022--Move would make it the first Chinese firm to enter the local ETF space
Hong Kong's CSOP Asset Management is seeking approval from South Korea's financial authorities to sell its exchange traded funds to the country's retail investors, in a move that would see it become the first Chinese firm to step into the local ETF space.
CSOP AM, a Hong Kong-based subsidiary of China Southern Asset Management, has submitted applications to South Korea's Financial Supervisory Service to register five ETFs.
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China's PSBC launches first ESG wealth product with STOXX index-linked investment vehicle
November 25, 2022--Postal Savings Bank of China (PSBC), one of the Asian nation's largest lenders, has introduced its wealth management unit's first ESG product with an investment vehicle that tracks an optimized STOXX index by Qontigo.
The investment product's equity tranche replicates the STOXX(R) PSBC China A ESG Index, which selects shares with a superior sustainability profile from within the largest 300 securities by free-float market capitalization in the STOXX(R) China A 900 Index
The index applies exclusionary screens for companies in breach of the UN Global Compact Principles and related norms, and those involved in controversial weapons, tobacco or thermal coal. PSBC's investment product separately includes a fixed-income tranche.
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Race to launch Hong Kong's first retail crypto futures ETF begins
November 17, 2022--The narrow range of permissible assets is expected to make competition particularly fierce
Exchange traded fund providers are busy working towards submitting applications to launch retai-oriented crypto futures ETFs after the local regulator announced it would open the door to such products.
Being among the first to list a retail crypto futures ETF on the local bourse will be particularly critical to the success of the product, given the narrow range of permissible underlying assets outlined in a Securities and Futures Commission circular, experts said.
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Aussie stock exchange abandons blockchain plans. leaving $170M hole
November 17, 2022--The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia's primary exchange over $170 million.
The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled.
In a Nov. 17 statement, ASX announced it had paused all current activities of its "CHESS replacement project" following an independent review from technology consulting firm Accenture, which identified "significant challenges with the solution design and its ability to meet ASX's requirements," stating: ...
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Global X Japan Launches ETF Tracking Solactive Autonomous and Electric Vehicles
November 17, 2022--Thematic investment has been gaining increasing popularity in the last years. These strategies allocate assets into stocks or other investments based on specific business sectors or themes, intending to benefit from the materialization of trends, technological innovation, and advancements.
One of the main topics that is awakening investors interest now is the automotive industry, which is going through a rapid and disruptive change.
The growth of alternatives to the combustion engine and therefore the emergence of electric vehicles as well as the development of autonomous vehicles will change the landscape of the automotive ecosystem. Envisaging this potential, Solactive is pleased to announce that Global X Japan launched the Global X Autonomous & EV ETF, tracking the Solactive Autonomous & Electric Vehicles Index.
The Solactive Autonomous & Electric Vehicles Index offers investors a representation of the performance of players that are or are expected to soon be active in the electric vehicles and autonomous driving segments.
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BlackRock ETF stands to benefit from revised Bank of Japan policy
November 15, 2022--Japanese central bank says it will in future focus on investing in the most affordable products
A BlackRock Japan exchange traded fund could be the biggest beneficiary of a change in the Bank of Japan's ETF purchasing programme, which will focus on investing in the most affordable products.
"The amount of each ETF to be purchased shall be determined pursuant to the relevant rules of the bank, while taking into account the holding cost of each ETF and other factors," effective December, according to a BoJ statement issued on October 28.
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