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China ESG funds bleed $1.4bn in Q2 as Asian growth slows sharply
August 3, 2022-Decline in sustainable fund investment hits country harder than elsewhere in the region
Chinese funds focused on environmental, social and governance recorded net outflows of $1.4bn in the second quarter, marking an even sharper slowdown than sustainable funds elsewhere in the region.
ESG funds in the Asia-Pacific region, excluding Japan and China, suffered a second consecutive quarterly decline in net inflows, attracting just $929mn during April to June, down from $1.27bn in the first quarte,, Morningstar noted in its latest sustainable funds report.
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Source: ft.com
FSITC Launches Asia's First Aerospace and Satellite ETF, Tracking Solactive Index
August 3, 2022-In the middle of the 20th century, the "race to space" was also a race between nations, and no investor was able to engage commercially in this highly sensitive political affair.
Nowadays, the sectors of space technology and satellites offer numerous ways for investors to allocate their capital in this industry. Morgan Stanley estimates that the $350-billion global space sector could surge to over $1 trillion by 2040[1].
Envisaging this potential, Solactive is pleased to announce its first engagement with major Taiwanese issuer First Securities Investment Trust Corporation, in the aerospace and satellite sectors. FSITC launched now the FSITC Aerospace and Satellite ETF (stock code: 00910), tracking the Solactive Aerospace and Satellite Index. Listed on the Taiwan Stock Exchange (TWSE), it is the first ETF in the aerospace and satellite realm in Asia and the first one to include the Taiwan supply chain.
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Source: Solactive AG
Robust growth in Asia ETFs looks set to continue
August 1, 2022--Signs of growing resilience in the industry and asset managers are planning new launches
Robust growth in Asia's exchange traded fund market looks set to continue with most managers surveyed indicating that they plan to grow or enter the ETF market, a new report reveals.
Research from Cerulli Associates, a consultancy, found more than 80 per cent of managers it surveyed in China, nearly 70 per cent in South Korea, and 60 per cent in India stated they were in the process of developing ETF products.
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Source: ft.com
EMQQ partnership brings its flagship ETF to Hong Kong investors
July 28, 2022--Fund focuses on companies driving the growth of online consumption in emerging markets
EMQQ Global has partnered with a Hong Kong firm to launch the Value Partners EMQQ Emerging Markets Internet & Ecommerce ETF.
The ETF will track the same EMQQ Index that investors access on the NYSE and London Stock Exchange, focusing on leading technology companies driving the growth of online consumption in emerging and frontier markets.
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Source: ft.com
Asia's Economies Face Weakening Growth, Rising Inflation Pressures
July 28, 2022--A multifaced response, including increasing interest rates, is needed to prevent an upward spiral of price expectations and rising capital outflows.
The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia's invasion of Ukraine and other shocks.
Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower than the 6.5 percent growth in 2021. We lowered our 2023 forecast to 4.6 percent, down by 0.5 percentage points.
Risks that we highlighted in our April forecast-including tightening financial conditions associated with rising central bank interest rates in the United States and commodity prices surging because of the war in Ukraine-are materializing. That in turn is compounding the regional growth spillovers from China's slowdown.
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Source: imf.org
Chinese banks add restrictions to precious metal retail traders
July 25, 2022--A few of China's biggest banks have introduced some restrictions on precious metals trading services for retail clients. These banks include Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Huaxia Bank, and Industrial Bank Co., Ltd.
These restrictions include limits on the opening of new accounts, increases in guarantee deposit ratios, as well as suspensions on purchase transactions, and the cancellation of agency relationships
These banks have curbed precious metals transactions since the start of the year, according to a report from Securities Journal.
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Source: kitco.com
Hedge funds help China ETFs shine
July 25, 2022-The demand for swap contracts to short Chinese stocks means synthetic ETFs have outperformed
Small investors do not often get the chance to profit from the actions of professional hedge fund slickers, but in some cases they appear to be doing so in the mainland Chinese stock market.
A structural anomaly means investors using some exchange traded funds to access Shanghai and Shenzhen-listed "A shares" may be able to consistently outperform the underlying index - thanks to the desperation of hedge funds to short stocks by using a "swap enhancement"
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Source: ft.com
IMF Staff Country Report-Singapore: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
July 21, 2022--Summary:
Singapore registered one of the most impressive recoveries from the pandemic, with economic output having surpassed pre-crisis levels at end-2021. This was spurred by the country's strong economic fundamentals, an impressive vaccination rollout, and the authorities' decisive policy responses.
However, the recovery has been uneven with activities in tourism-related, consumer-facing and construction sectors remaining well below pre-pandemic levels.
Inflation has risen rapidly due to higher food and energy, private transport, and housing prices, but inflation expectations remain well anchored. Risks to the outlook are tilted to the downside, arising mainly from the war in Ukraine and the related sanctions, the pandemic, China's growth slowdown, and monetary policy normalization in advanced economies.
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Source: imf.org
BetaShares Australian ETF Review: Half year 2022: Net Inflows Remain Positive but Market Falls Cause Industry Decline
July 20, 2022--Given market declines and overall investor caution we saw a far less buoyant Australian ETF industry in the first half of this year compared to the same time last year. Industry flows remained positive, albeit at lower levels than the first half of 2021, but were not sufficient to combat the market falls, leading the ETF industry's FuM to decline. Read on for details, including best performers, asset flow categories and more.
Market cap
Australian Exchange Traded Funds Market Cap: $124.3B
Market cap change for month: -9%, -$12.6B
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Source: betashares.com.au
China-South Korea ETF cross-listing scheme stalls
July 12, 2022--The programme was announced last year but companies say there has been no progress
More than a year after Shanghai and South Korea stock exchanges signed an agreement to cross list exchange traded funds, issuers in China and South Korea say there has been no progress.
They say there has been no movement on the regulatory front and investor appetite for prospective ETFs in the scheme has been questioned.
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Source: ft.com
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