World Gold Council-Market Update: India's Budget-policy and progress
February 15, 2018--As part of the recent Union Budget announcement, Arun Jaitley, India's Finance Minister, explicitly highlighted the government's desire to formulate a comprehensive policy to develop gold as an asset class, create gold exchanges, and revamp the Gold Monetisation Scheme.
The Budget also included policies designed to boost rural incomes. Better gold policies combined with rising incomes could bode well for India's gold industry.
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Source: World Gold Council (WGC)
India hopes to become an AI powerhouse, with inspiration from China
February 15, 2018--Artificial intelligence (AI) has finally caught the Indian government's attention.
On Feb. 01, delivering his budget speech, finance minister Arun Jaitley told parliament that the government think-tank, Niti Aayog, will spearhead a national programme on AI, including research and development.
The intent showed in the numbers: Budget allocation for Digital India, the government's umbrella initiative to promote AI, machine learning, 3D printing, and other technologies, was almost doubled to Rs3,073 crore ($477 million) this year.
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Source: WEF (World Economic Forum)
JPX-ETF Monthly Report-January 2018
January 14, 2018--The JPX-ETF Monthly Report-January 2018 is now available.
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Source: JPX (Japan Exchange Group)
BetaShares Australian ETF Review-January 2018
February 14, 2018--NEW YEAR, NEW RECORD!
In what is typically a very quiet month for Australian markets, the ETF industry still managed to eke out a new record in terms of assets under management in the first month of 2018. Total industry FuM at the month end was $36.6B, a growth rate of 1.6% or monthly growth of ~$600m, with net new money accounting for ~75% of the growth, or $432m.
The largest flows this month by category were overwhelmingly in International Equities, with strong flows in broad market global products and Asian equities. One surprising element of flows this month vs. historical trends was the ~$40m of flows into Emerging Markets exposures, an ETF sector that has been far slower to develop to date.
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Source: betashares.com.au
BetaShares and Legg Mason form Active ETF strategic partnership
February 13, 2018--BetaShares and global asset manager Legg Mason have entered a strategic partnership to launch a range of high quality Active ETFs to broaden the investment options on offer to Australian investors.
BetaShares' Chief Executive Officer, Alex Vynokur, said of the partnership: 'Legg Mason is one of the world's largest and most experienced asset managers with market-leading investment management capabilities across multiple major asset classes, so we're excited to be part of this collaboration."
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Source: BetaShares
IMF Staff Country Reports-Republic of Korea: Selected Issues
February 13, 2018--ENHANCING THE MONETARY POLICY FRAMEWORK IN KOREA1
Inflation targeting from 1998 led to low and stable inflation, but since the global financial crisis Korea had faced more challenging conditions. As inflation expectations fell below the inflation target in 2012, the target was reduced by a percentage point to 2 percent in 2016.
This weakened the credibility of the nominal anchor provided by the target, which monetary policy can help rebuild. This Selected Issues chapter outlines a strategy to facilitate this and navigate the more challenging monetary environment, involving enhanced communication of policy interest rate intentions and inflation-forecast targeting.
A. Experience with Inflation Targeting in Korea
1. The adoption of inflation targeting (IT) in 1998 contributed to low and more stable
inflation in line with the target. This success partly reflected the benign global environment,
associated with "the great moderation;" but, then, the more challenging environment after
the global financial crisis (GFC) put inflation targeting to a sterner test.
view the IMF Staff Country Reports-Republic of Korea: Selected Issues
Source: IMF
Why Hong Kong investors are turning to the US to trade bitcoin futures
February 12, 2018--A growing number of Hong Kong investors are turning to the US market for trading bitcoin futures because they see it as safer than trading on Hong Kong's unregulated cryptocurrency exchanges, according to brokers.
In the US, bitcoin futures were launched on the two major exchanges, the Cboe and CME, in December. Both have seen a rise in trading volume over the past two months.
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Source: South China Morning Post
WisdomTree Announces Relationship with Premia Partners in Asia
February 8, 2018--Newly Established Agreement with Hong Kong-Based Firm Bolsters ETF Presence Among Institutional Investors
WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, announced today it has entered an agreement with Premia Partners Company Limited ("Premia Partners"), the Hong Kong-based investment firm that focuses on ETFs and smart beta solutions, in which Premia Partners will support WisdomTree with respect to its U.S.-listed ETFs on promotional, marketing, product consulting and general education activities in specific Asian countries, excluding Japan.
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Source: WisdomTree
FTSE Russell launches global equities net of tax index series for Australian superannuation funds
February 8, 2018--FTSE All-World ex Australia Net Tax (Super) Index Series is a new global equities index series specifically for Australian superannuation funds
Benchmark measures true performance of global equities on an after-tax basis for the superannuation industry
Better reflects equity returns for superannuation members
Developed in conjunction with Qantas Super, one of Australia's largest corporate superannuation funds
FTSE Russell, the global index provider, introduces the FTSE All-World ex Australia Net Tax (Super) Index Series which is designed to support the superannuation industry's focus towards greater transparency and more accurate measurement of performance.
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Source: ftserussell.com
Renminbi heads for worst day in over 13 months
February 8, 2018--- The renminbi weakened markedly on Thursday, pulling back from a two-year intraday high in the previous session and on track for its worst day in more than a year as the dollar strengthened.
The onshore renminbi, which is permitted to trade 2 per cent either side of a daily mid-point set by the People's..
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Source: FT.com
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