ASX Investment Products Monthly Update-May 2018
June 7, 2018--May 2018 saw continued growth in Assets under Management in LICs (up 1.2%), Infrastructure Funds (up 1.4%) and ETPs (up 1.4%) on a month on month basis.
Total Assets under Management of all Investment Products decreased by 0.9% over the month of May 2018 due to decreases in AREITs (down 3.4%).
ASX welcomed five new Investment Products in the month of May:
AREIT (Australian Real Estate Investment Trust)
Unibail-Rodamco-Westfield (URW) admitted on 31 May 2018
LIC (Listed Investment Companies)
Gryphon Capital Income Trust (GCI) admitted on 25 May 2018
Evans & Partners Asia Fund (EAF) admitted on 17 May 2018
ETF (Exchange Traded Funds)
Betashares Australia 200 ETF (A200) admitted on 8 May 2018
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Source: ASX
Cryptocurrency Exchange Huobi Wants to Become Decentralized
June 6, 2018--Huobi, one of the biggest cryptocurrency exchanges, wants to walk the talk.
The Singapore-based platform plans to invest $100 million toward building Huobi Chain.
Once the project is complete, Huobi plans to migrate its operations onto this blockchain, according to a statement by the company.
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Source: Bloomberg
India raises key rate for first time since 2014, retains 'neutral' stance
June 6, 2018--Growing inflation concerns prompted the Reserve Bank of India (RBI) to raise its policy rate for the first time in over four years on Wednesday, but it surprised some economists by keeping its stance "neutral" instead of changing to "tighten".
The central bank's Monetary Policy Committee (MPC) lifted the repo rate by 25 basis points to 6.25 percent-the first rate change since a 25 basis point cut in August 2017.
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Source: Reuters
June 2018 Indonesia Economic Quarterly: Learning more, growing faster
June 5, 2018--The Indonesian economy continued to expand at a robust pace in Q1 of 2018, lifted by strong investment. Real GDP growth edged down to 5.1 percent in Q1 2018, slightly less than the 5.2 percent in Q4 2017.
Higher global commodity prices spurred stronger investment, especially in machine, equipment, and vehicles. As a result, gross capital fixed formation grew the fastest in more than 5 years. Higher growth in machinery investment also led to a further pickup in imports, which grew more than twice the pace of exports, and acted as a drag on growth.
The current account deficit narrowed in Q1, as the services trade deficit shrank sharply. The current account deficit narrowed to 2.1 percent of GDP in Q1, from 2.3 percent of GDP in Q4 of last year, partly on stronger foreign tourist arrivals.
view the World Bank June 2018 Indonesia Economic Quarterly: Learning more, growing faster
Source: World Bank
ETFGI reports assets invested in ETFs/ETPs listed in Japan reached 311 billion US dollars at the end of April 2018
June 5, 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 US$311.06 Bn at the end of April 2018. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Japan reached US$311.06 Bn at the end of April 2018
In April 2018, ETFs and ETPs listed in Japan gathered net inflows of $968 Mn, the lowest inflows since October 2017
April 2018 also marked the 6th consecutive month of net inflows into ETFs/ETPs listed in Japan
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Source: ETFGI
IMF Working Papers-Inequality in China-Trends, Drivers and Policy Remedies
June 5, 2018--Summary:
China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008.
This paper identifies various drivers behind these trends-including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.
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Source: IMF
China Revives Its Push to Make the Yuan Go Global
June 5, 2018--Yuan strength, rising foreign reserves give officials room
China's currency accounts for just 1.7% of global payments
After more than two years on the back-burner, there are signs that China is once again focusing on its efforts to increase the yuan's status in global finance.
Since May, initiatives from the central bank and government have included:
Starting full operation of a new phase of an international payment system, extending its running hours
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Source: Bloomberg
ETFGI reports ETFs and ETPs listed in Asia Pacific ex-Japan gathered net inflows of 5.29 billion US dollars during April 2018, the highest amount in two years
June 5, 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$5.29 Bn in net inflows during April 2018, the highest monthly amount in two years. Year-to-date net inflows for 2018 reached US$13.91 Bn at the end of April, compared to US$6.23 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 $5.29 Bn in April
April 2018 marked the 6th 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 1.58%, or $2.83 Bn, during April, to $182.16 Bn
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Source: ETFGI
BetaShares launches Australian Investment Grade Corporate Bond ETF (ASX: CRED)
June 4, 2018--BetaShares is pleased to announce the launch of the BetaShares Australian Investment Grade Corporate Bond ETF (ASX: CRED), a low cost, intelligent core portfolio building block for Fixed Income.
CRED is designed to provide investors exposure to a portfolio of investment grade, fixed-rate Australian corporate bonds, which, at the time of writing, is offering investors the highest income levels available from all Australian Corporate Bond ETFs trading on the ASX*.
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Source: BetaShares
Cryptocurrencies decided as future trading commodity
June 4, 2018--The Trade Ministry's Futures Exchange Supervisory Board (Bappebti) has decided cryptocurrencies would be future trading subjects or commodities at the bourse, even though Bank Indonesia (BI) does not recognize such currencies as payment instruments.
"The Bappebti head has signed a decree to make cryptocurrency a commodity that could be traded at the bourse," said head of Bappebti market supervision and development bureau Dharma Yoga as reported by kontan.co.id on Sunday.
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Source: thejakartapost.com
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