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ASX Investment Products Monthly Update-July 2021
August 8, 2021--In July 2021, total assets under management of all ASX Investment Products increased from $410.65b to $423.05b.
ETPs were up 2.6% (up from $113.52b to $116.5b), mFunds were up 1.1% (up from $1.74b to $1.76b),
LICs & LITs were up 2.1% (up from $58.34b to $59.54b), AREITs were up 0.5% (up from $155.1b to $155.9b) and Infrastructure Funds were up 9.0% (up from $81.97b to $89.35b).
ASX also welcomed 1 new ASX Investment Product in the month of July.
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Source: asx.com.au
IMF Staff Country Report-Philippines: Selected Issues
August 6, 2021--POTENTIAL OUTPUT AND SCARRING EFFECTS1
The COVID-19 pandemic led to a major economic downturn in the Philippines that could inflict longer-lasting adverse effects on the economy. These scarring effects reflect persistent pandemic effects on tourism and a few other service sectors, lower investment, skilllosses from high un-and underemployment, and increases in poverty.
Expansionary fiscal policy to stimulate demand and investment, measures to resolve a possible corporate debt overhang after the pandemic, and labor market policies to encourage sectoral reallocation would help to mitigate the extent of economic scarring.
A. Recent Developments1.
The COVID-19 pandemic led to a major economic downturn in the Philippines, although a rebound is now underway. Economic activity was negatively affected by the disruption to supply from the pandemic and containment measures. Real GDP in2020 decreased by 9.6percent and unemployment rate rose to 10.4 percent in 2020 from 5.1 percent in2019.With the easing of containment measuresand policy support, economic recovery started in the second half of 2020. However, the COVID-19 impact has not yet been reversed, and a second wave of COVID-19 infections emerging in 2021 has slowed down the recovery. The real GDP level in the first quarter of 2021was still 4.2 percent lower than it was in the same quarter of last year. The unemployment rate also remained at 8.2 percent in first five months of 2021.
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Source: IMF.org
Indxx Licenses SPAC & NextGen IPO and US Green Infrastructure Indices to Korea Investment Management Co. for two Exchange Traded Funds
August 5, 2021--Indxx is pleased to announce the licensing of their Indxx SPAC & NextGen IPO Index and the Indxx US Green Infrastructure Index to Korea Investment Management Co. for two Exchange Traded Funds. The indices will serve as the underlying benchmarks for the KIM KINDEX US SPAC&IPO INDXX ETF and KIM KINDEX US Green Theme INDXX ETF, respectively.
Both funds are listed on the Korea Exchange (KRX). The Indxx SPAC & Next Generation IPO Index (Ticker:ISPACP) benchmarking the KIM KINDEX US SPAC & IPO INDXX ETF (Ticker:391590 KS Equity), seeks to accurately and comprehensively increase exposure to newly listed Special Purpose Acquisitions Corporations ("SPACs"), ex-warrant and initial public offerings derived from SPACs since August 1, 2017.
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Source: Indxx
China green energy ETFs deliver best performance in first half
August 3, 2021--China's Green Energy ETFs surpassed other thematic and broad ETF strategies in early 2021 in signs of an economic shift to greener energy and more environmentally friendly consumer products.
According to Wind Info data, ETFs investing in green energy dominate the list of China's best performing ETFs in the first six months of the year, with seven out of ten ETFs dominated green energy.
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Source: californianewstimes.com
Delta Variant Stalls Asia's Economic Recovery After Early Rebound
August 2, 2021--Rising Covid-19 cases and slow progress on vaccinations begin to paralyze region that had kept virus in check
Asia is emerging as a weak link in an otherwise strong global economic recovery, as new pandemic restrictions restrain manufacturing in some countries and the exports that have powered the recovery in China show signs of slowing.
With progress on vaccinations slower than in the West, Asia is hitting new pandemic highs driven by the Delta variant of the coronavirus. The spread of the virus is threatening to hurt consumer confidence and erode the advantage of many Asian economies as manufacturing powerhouses.
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Source: wsj.com
Taiwan's thematic ETF market takes off as competition increases
July 23, 2021--The number of new thematic exchange-traded funds in Taiwan has skyrocketed this year as fund managers strive to stand out in the face of intensifying competition.
Recently launched in Taiwan, ETFs focus on the domestic semiconductor sector and electric vehicles.
At least four additional thematic ETFs are underway, with themes such as "Future Vehicles," "Global Genomics," and "Immune Biopharmacy."
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Source: californianewstimes.com
CSOP Expands Thematic Offering and Issues Healthcare-Based ETF Tracking Greater China Companies Disrupting Traditional Healthcare Businesses
July 21, 2021--The COVID-19 pandemic required businesses to innovate on short notice, catalyzing business transformations in the entire global healthcare ecosystem.
The strain on healthcare providers' infrastructure, workforce, and supply chain management exposed inefficiencies, which are valeted by new companies disrupting traditional healthcare systems. Especially Chinese companies yield an advantage, as a recent report stated enhanced policy support from the Chinese government and domestic talent from returning students who studied abroad as one of the main drivers of Chinese companies' innovation capacity[1]. Hong Kong's major ETF issuer CSOP pools the opportunity in performance of innovative healthcare pioneers in one new ETF, the CSOP China Healthcare Disruption Index ETF (3174.HK). The ETF tracks the Solactive China Healthcare Disruption Index.
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Source: Solactive AG
Asia gold ETFs buck trend and attract strong inflows
July 21, 2021--Gold exchange-traded funds continue to attract strong inflows in Asia this year as many investors hedge widespread inflation concerns and protect them from uncertainty about the trajectory of pandemics and economic recovery.
As of the end of June, Asia-based gold ETFs recorded a net inflow of $ 1.6 billion, making it the only region to register for a net inflow. Gold ETFs based in China, India and Hong Kong are the main drivers of the influx.
In contrast, according to Morningstar data, outflows from US and European funds were large, with total net outflows of $ 8.5 billion and $ 3.6 billion, respectively, over the same period.
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Source: californianewstimes.com
SGX to launch more ESG products to help steel industry's decarbonisation efforts
July 13, 2021--The Singapore Exchange (SGX) said it will continue to launch trading products to help the global steel industry achieve its decarbonisation goals.
SGX chairman Kwa Chong Seng said the industry's need to tackle climate change has never been greater, given that it accounts for almost a tenth of global greenhouse gas emissions. He was speaking on Tuesday (July 13) at the virtual opening ceremony of this year's Singapore International Ferrous Week.
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Source: straitstimes.com
Thailand Economic Monitor July 2021: The Road to Recovery
July 13, 2021--Key Findings
Successive waves of COVID-19 disrupted the Thai economy in the first half of 2021, but their impact was mitigated by recovering global demand and substantial fiscal support.
The shock of the second wave caused the economy to contract by -2.6 percent in the first quarter of 2021, following a 6.1 percent drop in GDP in 2020-one of the steepest contractions among Association of Southeast Asian Nations (ASEAN) member states.
A third wave of infections emerged in April 2021 has proven especially severe with strict containment measures reducing mobility and negatively affecting consumption and business sentiment.
Exports of goods have provided substantial support to the Thai economy, driven by recovering global demand for automotive parts, electronics, machinery, and agricultural products.
Economic activity is not expected to return to its pre-pandemic levels until 2022, and the recovery is projected to be slow and uneven.
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Source: worldbank.org
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