Vietnam sees stronger growth momentum
December 11, 2017--Robust domestic demand and manufacturing, services sectors, fuel GDP growth, projected at 6.7 percent for 2017
Stronger domestic demand, robust export-oriented manufacturing, and a gradual recovery of the agriculture sector, are driving Vietnam's economy, which expanded by 6.4 percent during the first nine months of the year compared to the same period last year, says a new World Bank report. The manufacturing and services sector respectively grew by 12.8 percent and 7.3 percent during the same period.
According to Taking Stock, the World Bank's bi-annual economic report on Vietnam released today, the pace of growth is expected to increase to 6.7 percent this year.
view the World Bank Report-Taking Stock An Update on Vietnam's Recent Economic Developments
Source: World Bank
3 predictions for the Australian ETF industry in 2018
December 11, 2017--With the end of the year drawing near, we thought it was an opportune time to discuss the year to come for the ETF industry. In this post, we outline our top 3 predictions for the ETF industry in 2018.
In our view, a growing audience of younger investors, an increasing array of fixed income options, and continued growth in Active ETFs,will drive growth in 2018.
The Australian exchange traded product industry is set to grow significantly based on the momentum generated in 2017. This year to November, the Australian ETF industry reached an all-time high of $35.5 billion, up from $25 billion in 2016.
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Source: betashares.com.au
BetaShares Australian ETF Review- November 2017
December 11, 2017--BIG!
November in the ETF industry was big! And not just big but BIG! November broke essentially every record I can think of: a) All time record FuM; b) Record $ monthly FuM growth; c) Record monthly $ net inflows; and d) All time highest monthly value traded. Told you it was big!
The Australian ETF total industry FuM at the month end was $35.5B, a growth rate of 6.0% or monthly growth of $2B. While asset growth provided approximately 35%, the majority came from net new money into the industry which amounted to a record $1.3B.
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Source: betashares.com.au
Chart of the Week: The Walking Debt: Resolving China's Zombies
December 11, 2017--China's "zombies" are non-viable firms that are adding to the country's rising corporate debt problem, and are bad business.
Zombie firms are highly indebted and incur persistent losses, but continue to operate with the support of local governments or soft loans by banks-adding very little value to economic prospects. China has already made a lot of progress in resolving these firms- and should continue its efforts to send the zombies packing.
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Source: IMF
JPX-ETF Monthly Report-November 2017
December 11, 2017--The JPX-ETF Monthly Report-November 2017 is now available.
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Source: JPX (Japan Exchange Group)
Tokyo Financial Exchange Takes First Step Toward Bitcoin Futures
December 8, 2017--Working group planned to start analyzing bitcoin in January
Legislation would be needed for Japan to copy U.S. moves.
One of Japan's leading financial exchanges is starting preparations to launch bitcoin derivatives, echoing U.S. rivals that plan to list contracts tracking the cryptocurrency as soon as this month.
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Source: Bloomberg
IMF Working Paper-Reassessing the Perimeter of Government Accounts in China
December 8, 2017--Summary:
China's official general government accounts do not include off-budget quasi-fiscal spending unlike the IMF's augmented government accounts. This paper argues that the broader concept of augmented government remains relevant despite recent positive measures to separate off-budget units from the government
In fact, new avenues to finance public infrastructure, such as Special Construction Funds and Government Guided Funds, have emerged and this paper re-defines the perimeter of augmented government to include them. Finally, concrete steps for improving China's fiscal accounts are put forward. If these steps are taken, the perimeter of general government would expand relative to official statistics but would likely be narrower than where augmented aggregates place it.
view the IMF Working Paper-Reassessing the Perimeter of Government Accounts in China
Source: IMF
China AMC claims largest ETF market share in the Mainland
December 8, 2017--China Asset Management Corp (China AMC), the sixth largest fund manager in the Mainland by total assets under management, has topped its larger peers in the exchange-traded fund (ETF) market by gaining the largest market share in this space, the company says.
China AMC's ETF products have delivered a "stellar" performance in the first 11 months of 2017, according to a company spokesperson.
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Source: asiaasset.com
World Gold Council-Mandatory hallmarking: Global practices and road map for India
December 7, 2017--This report covers key stages in the hallmarking journey in order to ascertain what works best in other jurisdictions and how India can maximise the benefits of mandatory hallmarking.
Gold has played an integral role in Indian tradition and culture for centuries. Presented as a gift at festivals, weddings and births, acquired by families as a means of saving and aspired after as an object of beauty, gold is considered both an investment and an adornment across India. Product integrity is a key attribute of gold industry and it is not evident in India.
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Source: World Gold Council (WGC)
ASX chooses blockchain for equities clearing
December 7, 2017--The operator of Australia's dominant securities exchange will turn to blockchain technology to manage the clearing and settlement of equity transactions.
ASX Ltd. said Thursday it will use distributed ledger technology, more commonly known as blockchain, to replace its Clearing House Electronic Subregister System.
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Source: foxbusiness.com
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