Asia ETF News for the Past Year
Mirae Asset introduces high dividend yield ETF to China
May 7, 2024--Mirae Asset Global Investments, a leading asset manager based in Korea, has introduced a high dividend yield exchange-traded fund to the mainland Chinese market through cross-border trading with Hong Kong, the firm announced Tuesday.
The Global X Hang Seng High Dividend Yield ETF, operated by the asset manager's ETF arm in Hong Kong, was set up for trading on China's Shanghai Stock Exchange and Shenzhen Stock Exchange on Monday.
The ETF tracks shares with high dividend yields on the Hong Kong Stock Exchange's benchmark Hang Seng index. The net asset is about $272 million, the largest among the high dividend yield ETFs listed on the Hong Kong exchange.
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Source: koreaherald.com
Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index
May 1, 2024--Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect.
Total expense ratio of the ETF would be lowered from 0.75% to 0.70% per annum, reflecting Premia's commitment to offering competitive pricing and enhancing value for investors. The physically replicated ETF offers cost-efficient and convenient access to the fast-growing Vietnam equity markets, and the new index was introduced to enhance the asset allocation and risk diversification of the ETF and better reflect opportunities from continued growth and development of the Vietnam stock markets.
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Source: Premia Partners
IMF-Asia's Growth and Inflation Outlook Improves, but Risks Remain
April 29, 2024--The regional outlook has strengthened as price pressures have moderated, although China's property market correction and geoeconomic fragmentation remain key risks.
The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region's economy will slow less than we previously projected as inflation pressures continue to dissipate.
We have raised our regional growth forecast for this year to 4.5 percent, up 0.3 percentage point from six months earlier, after a 5 percent expansion in 2023. The revision reflects upgrades for China, where we expect policy stimulus to provide support, and India, where public investment remains an important driver, making it the world's fastest-growing major economy. In a still subdued external environment, robust private consumption will remain the main growth driver in Asia’s other emerging market economies. The Asia growth forecast for 2025 is unchanged at 4.3 percent.
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Source: imf.org
MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond
April 29, 2024--MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong.
HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong's Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.
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Source: MetaComp Pte Ltd
