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.
view more
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."
view more
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.
view more
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.
view more
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.
view more
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..
view more
Source: FT.com
Global Market Outlook: battling the bond blues
February 7, 2018--Stocks: off to a strong start
Global equities posted further gains in January, with the MSCI All-Country Index returning 4.1% in local currency terms. By contrast, Australia's S&P/ASX 200 Index delivered a negative 0.4% return, and continued the general trend of underperformance that has been evident over the past year.
The trend for global equities remains firmly up, though the pace of gains in recent months has been so strong that a "cleansing pull back" seems overdue.
There were few negative shocks for the market to contend with over the past month, with economic data in most corners of the world continuing to strike an upbeat tone. The passage of US tax cuts in late 2017 also continued to underpin market sentiment and has already led to some upgrades to 2018 US earnings expectations.
view more
Source: betashares.com.au
Central banks should consider using digital currencies: China think tank
February 7, 2018--Central banks should consider using digital currencies in cross-border payments that could cut transaction time and costs, researchers at the Chinese Academy of Social Sciences (CASS), a top government think tank, said in a report.
Cryptocurrencies allow parties to transact payments directly without a central intermediary, by means of blockchain technology that uses a shared ledger that verifies, records and settles transactions in a matter of minutes.
view more
Source: Reuters
IMF Staff Country Reports-Indonesia: Selected Issues
February 6, 2018--HARNESSING INDONESIA'S DEMOGRAPHIC DIVIDEND: OPPORTUNITIES AND CHALLENGES1
With a young and growing labor force, Indonesia is set to enjoy favorable demographic trends for
many years to come. This provides a window of opportunity to raise growth and support the country in
addressing its development challenges. However, reaping the demographic dividend before aging
starts to kick in, in less than 15 years, requires policies to raise productivity and create sufficient quality jobs to absorb the growing working-age population.1
A. Demographic Trends in Indonesia
1. The fourth most populous country in the world, Indonesia's population continues to grow strongly. The country's population grew at 1.3 percent per year on average during 2000-16,
reaching around 260 million in 2016. About 57 percent of the population lives in Java island, which
has the lowest population growth (1.1 percent). Currently at 2.4 children per woman, fertility
rate, while declining, is projected to remain above the replacement rate of 2.1 children per woman until 2030.
view the IMF Staff Country Reports-Indonesia: Selected Issues
Source: IMF
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.