FTSE Russell introduces FTSE4Good TIP Taiwan ESG Index
December 18, 2017--Important new development for Taiwanese capital markets
Developed in partnership with Taiwan Index Plus Corp. the new index provides important new sustainability solutions for the region
First domestic Taiwan benchmark developed using FTSE ESG Ratings and data model
Reinforces growing global investor demand to integrate sustainability factors in investment portfolios
FTSE Russell, the global index and data provider, announces the launch of the FTSE4Good TIP Taiwan ESG Index. The index has been developed in partnership with Taiwan Stock Exchange's ("TWSE") wholly-owned subsidiary, Taiwan Index Plus Corp. ("TIP").
FTSE Russell continues to see a growing demand, both in Asia and globally, for asset owners to integrate ESG considerations into their investment strategies.
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Source: FTSE Russell
World Bank Upgrades Its 2017 Growth Projections for the Philippines
December 15, 2017--The World Bank has updated its 2017 growth projection for the Philippines, as part of its quarterly forecast exercise to reflect recent economic trends.
Following a stronger than expected growth of 6.9 percent in third quarter and a revision of GDP growth for the second quarter, from 6.5 to 6.7 percent, the World Bank projects 6.7 percent growth for 2017-higher than its previous forecast of 6.6 percent.
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Source: World Bank
December 2017 Indonesia Economic Quarterly: Decentralization that Delivers
December 15, 2017--Recent Macroeconomic Developments
Indonesia's economy strengthened modestly in the third quarter of 2017 supported by higher commodity prices, stronger global growth, rebounding international trade, and relatively accommodative monetary and financial conditions.
Real GDP growth strengthened from 5.0 percent year-on-year in the second quarter to 5.1 percent in the third quarter of 2017, partly due to strong investment and export growth.
Investment growth was at its highest in more than four years. Foreign direct investment recorded the largest net inflow in over seven years. Indonesia's key export commodities and other manufactured goods exports surged in the third quarter. Export and import volumes both registered double-digit growth for the first time since 2012.
view the World Bank Indonesia Economic Quarterly: Decentralization that Delivers December 2017
Source: World Bank
World Bank-Malaysia Economic Monitor, December 2017
December 14, 2017--Key Findings
Malaysia's acceleration is set to continue through to the next year after experiencing significant progress in 2017 with year-on-year growth projected at 5.8%.
The pace of GDP growth quickened in the first three quarters of 2017, supported by strengthening domestic and external demand. In 2018, GDP growth rate is expected to remain strong at 5.2%.
Private consumption had a robust expansion in 2017. Expect it to remain as the main driver of growth in the coming year, supported by stable labor market conditions and continued income growth.
The expansion of Malaysia's exports is expected to continue into the first half of 2018, although at a lower rate.
view the Malaysia Economic Monitor, December 2017: Turmoil to Transformation, 20 Years after the Asian Financial Crisis
Source: World Bank
China follows US Fed by raising money market rates
December 14, 2017--The last hike was in March, when the People's Bank of China responded to a similar move across the Pacific.
China's central bank raised its interbank policy rates by 5 basis points on Thursday, hours after the US Federal Reserve lifted the US benchmark, signalling that Beijing is watching policy moves across the Pacific and is ready to contain capital outflow risks.
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Source: South China Morning Post
IMF-Propping Up the Chinese Economy: Credit versus Fiscal Stimulus
December 13, 2017--Credit booms are addictive. Credit supports growth and the perception of wealth. Yet credit booms are risky, and are often followed by financial busts and economic slowdowns. The challenge is taming credit without hurting growth.
Mainland China is experiencing a major credit boom. As of end-2016, total social financing—a broad measure of credit-exceeded 200 percent of GDP. The credit-to-GDP gap-a measure of financial vulnerability-is the second highest among 44 economies covered by BIS (after Hong Kong SAR).
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Source: IMF
South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'
December 12, 2017--South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia's central bank chief warning of a 'speculative mania' that has seen the digital asset making rip-roaring gains.
As bitcoin futures made their world debut on a U.S. stock exchange this week, policy makers have been forced to contend with cryptocurrencies becoming more of a mainstream play and the need to regulate them.
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 3 predictions for the Australian ETF industry 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. view more BetaShares Australian ETF Review- November 2017 view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: World Bank
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.
Source: betashares.com.au
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.
Source: betashares.com.au