ASX Investment Products Monthly Update-February 2018
March 11, 2018--February 2018 saw continued growth in ETPs and mFunds. Assets under Management in ETPs (up 0.8%) and mFunds (up 2.7%) on a month on month basis.
Total Assets under Management of all Investment Products decreased by 2.2% over the month of February 2018.
ASX welcomed 4 new Investment Products in the month of February.
mFund (Unlisted Managed Funds)
Hyperion Global Growth Companies (Class B Units) (HYN04) admitted on 12-Feb-2018
Real Cash Plus Fund-mFund units (RLM02) admitted on 05-Feb-2018
MF (Managed Funds)
BetaShares Legg Mason Real Income Fund (Managed Fund) (RINC) admitted on 19-Feb-2018
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Source: ASX
Rejections Pile Up for Chinese Firms Seeking Listings at Home
March 8, 2018--China's IPO approval process gets tougher amid effort to ensure only top-quality listings
Chinese companies trying to list shares on China's stock exchanges are facing stricter rules, and applications are being rejected in droves.
The nation's securities regulator tightened standards on initial public offerings in recent months, increasing the scrutiny of candidates' reported profits and disclosures, according to investment bankers and analysts. The regulator's powerful vetting committee is on notice that its members will be held responsible if companies approved for listings turn out to be duds.
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Source: Wall Street Journal
Singapore Exchange and New Zealand's Exchange sign MOU
March 7, 2018--Singapore Exchange (SGX) and New Zealand's Exchange (NZX) have signed a Memorandum of Understanding (MOU) to expand co-operation in Asia-Pacific markets.
SGX Chairman Kwa Chong Seng said,"International collaborations will further SGX's position as a leading global exchange and financial hub in Asia. We are pleased to work with NZX on areas of opportunities spanning both our securities and derivatives markets."
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Source: Singapore Exchange (SGX)
Malaysia's Economy: Getting Closer to High-Income Status
March 7, 2018--Malaysia's economy continues to perform strongly, with higher than anticipated growth at 5.8 percent in 2017, and projected growth of 5.3 percent for 2018, according to the IMF.
The country is well on its way to achieving high-income status. But to pass the finish line, the authorities will have to step up reforms to boost productivity and raise living standards for its 32 million citizens.
view the IMF Staff Country Report-Malaysia
view the IMF Malaysia: Selected Issues report
Source: IMF
EIP appoints Head of Asia
March 6, 2018--EIP has appointed Daniel Turner as head of the firm's investment team in Asia. Turner is responsible for the investment decisions across all EIP platforms; including the management of hedge funds, the Enhanced Funds series, and the firm's Exchange Traded Funds platform, XIE Shares.
Previously, Turner (pictured), was head of Equity Derivatives Trading at Bank of America Merrill Lynch (BAML) in Hong Kong. Prior to BAML, Daniel held several roles over an eight-year span
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Source: institutionalassetmanager.co.uk
HKEX To Introduce Tracker Fund and Hang Seng China Enterprises Index ETF Futures
March 6, 2018--Tracker Fund and Hang Seng China Enterprises Index ETF futures to be introduced on 9 April
Commission Levy for new futures to be waived for first 6 months
Hong Kong Exchanges and Clearing Limited (HKEX) will introduce Tracker Fund of Hong Kong (Tracker Fund) and Hang Seng China Enterprises Index ETF futures, its first futures on Exchange Traded Funds, or ETFs, that track Hong Kong stocks, on Monday, 9 April 2018.
The Tracker Fund and Hang Seng China Enterprises Index ETF were the most actively traded ETFs at HKEX last year, with average daily turnovers of more than $1.6 billion and $1 billion respectively.
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Source: HKEX (Hong Kong Exchanges and Clearing Limited)
China projects 6.5% growth in 2018 amid economic reform
March 5, 2018--Beijing prioritizes reducing financial risks over higher growth
China on Monday said its economy is expected to grow around 6.5% in 2018, highlighting the country's aim of accommodating slower growth to focus on reining in financial risks.
Prime Minister Li Keqiang told the National People's Congress during the legislature's annual sitting that while growth remains strong amid the recovery in the global economy, China will focus on pressing ahead with its reform agenda.
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Source: asia.nikkei.com
China to allow the issuance of "Belt & Road" bonds via exchanges
March 2, 2018--China's securities regulator said on Friday domestic and overseas companies would be allowed to issue bonds via the Shanghai and Shenzhen stock exchanges to fund the "Belt and Road" initiative.
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Source: Reuters
China's annual coal consumption rises for first time in 3 years
February 28, 2018--China's appetite for coal increased last year due to a stimulus-driven economic uptick before its party congress, new numbers show, demonstrating how the country's ambitious war on pollution is still second to political necessities.
China's coal consumption rose 0.4 per cent in 2017, according to statistics..
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Source: FT.com
Rush for China shares and bonds bodes well for renminbi
February 28, 2018--This year is shaping up to be an upbeat one for renminbi investing.
Not only are domestic Chinese A-shares set to be incorporated for the first time into the world's leading emerging markets equity index, there are also hopes of similar moves ahead for renminbi-denominated bonds
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Source: FT.com
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