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Hong Kong fixed income ETF incentive meets tepid industry welcome
June 3, 2021--The Hong Kong exchange's decision to boost investor interest by waiving fees on fixed income and money market exchange traded funds is unlikely to have an immediate impact, industry participants say.
Hong Kong Exchanges and Clearing moved to waive trading tariffs and minimum stock settlement fees from May 31 in a bid to "enhance its ETF market structure and drive liquidity to Hong Kong-listed ETFs", said Brian Roberts, HKEX's head of exchange-traded products.
Roberts added that the policy came "at an opportune time" in light of the "strong increase in investor demand for China fixed income products".
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Source: telegraf.id
India's economic growth picks up in January-March quarter, before huge Covid-19 wave
May 31, 2021--India's annual economic growth rate picked up in January-March compared with the previous three months.
But economists are increasingly pessimistic about this quarter after a huge second wave of Covid-19 infections hit the country last month.
India has recorded 28 million Covid-19 infections, second only to the United States, and 329,100 deaths as of Monday, although the rise has begun to slow.
India's annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of Covid-19 infections hit the country last month.
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Source: cnbc.com
ChinaAMC (HK) completes take over of BMO's Hong Kong ETF suite, now managing the largest US equity ETPs and largest Asia bondETF domiciled in Hong Kong
May 28, 2021--China Asset Management (Hong Kong) Limited ("ChinaAMC (HK)") is pleased to announce the takeover of seven Hong Kong-listed ETFs from Canada’s BMO Global Asset Management, effective on28 May 2021 (Friday).
As of 25 May 2021, the seven ETFs have a total asset of approximately HKD 4.35 billion1. Mackenzie Investments, a renowned Canadian asset manager and also one of the major shareholders of China Asset Management Company Limited, will be responsible as an investment advisor. These seven ETFs have been included in the list of approved Index-Tracking Collective Investment Schemes ("ITCIS").
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Source: chinaamc.com.hk
State Street's role as manager of Hong Kong's largest ETF under scrutiny
May 25, 2021--US manager's future could rest on whether Biden decides to maintain a blacklist on investing in certain Chinese companies
Hong Kong's central bank is working with the supervisory board of the Tracker Fund to review State Street Global Advisors' role as manager of the territory's largest exchange traded fund in the territory.
There have been high-level discussions on replacing the manager since it flip-flopped earlier this year on whether to implement the Trump administration's investment bans on companies linked to the Chinese military.
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Source: FT.com
Shanghai and South Korean exchanges agree to crosslist ETFs
May 21, 2021--The Shanghai and South Korean stock exchanges have agreed to establish an exchange-traded fund link that allows ETF providers to sell their products directly to investors in other markets.
Kai Jang-chun, general manager of the Shanghai Stock Exchange, and Song Byung-du, chairman and chief executive officer of the Korea Exchange, signed a memorandum of understanding last week via a video link.
"The demand for foreign investment has facilitated close cooperation between the capital market industries of China and South Korea," said the Shanghai Stock Exchange. Said At the announcement.
KRX's Son said future cooperation in areas such as ETF crosslisting and joint index development will allow investors to increase access to the capital markets of both countries.
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Source: FT.com
Will Modi's push for economic self-reliance succeed?
May 20, 2021--In its recovery, India will wish to consolidate market access for its export of services to rich countries and make the country's growing market most attractive to the latest technology.
India has pursued two linked objectives since its independence and partition in 1947: to restore the country's standing as one of the world's major economies and to preserve geopolitical freedom of action, or 'strategic autonomy'. Economic strength is both an end in itself - to lift millions out of deep poverty -and indispensable for maintaining diplomatic freedom of action.
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Source: bruegel.org
Bitcoin falls sharply after China signals crypto crackdown
May 19, 2021--Bitcoin has fallen 14% to its lowest level since early February after Chinese regulators stepped up efforts to crack down on the use of cryptocurrencies by financial institutions.
In a joint statement issued by the People's Bank of China's WeChat account, banks and Internet industry groups said that financial and settlement institutions would not accept cryptocurrencies as payments or provide services or products related to them. I said it wouldn't be.
In a statement released late Tuesday, the group said cryptocurrencies were "not real currencies" and "should not be used as currencies in the market and should not be used". Recent price hike As "speculation".
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Source: californianewstimes.com
TIGER US Tech Top 10 INDXX ETF crosses $100 mn in assets within a month of launch
May 19, 2021--Indxx is very excited to announce that the TIGER US Tech Top 10 INDXX ETF (Ticker: 381170 KS Equity), which tracks the Indxx US Tech Top 10 Index, surpassed the $100 million in assets under management milestone on May 12, 2021. The fund started trading on the Korean Stock Exchange on April 09, 2021.
Rahul Sen Sharma, Managing Partner at Indxx, said, "We are extremely delighted at the record growth and success of the TIGER US Tech Top 10 INDXX ETF. The targeted exposure to the largest technology companies has proven to be a promising strategy for Korean investors. It is exciting to witness the record pace at which the fund continues to grow. We extend our congratulations to our friends at Mirae Asset Global Investments on this achievement and look forward to celebrating more such milestones in the future."
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Source: Indxx
BetaShares Australian ETF Review-April 2021-APRIL 2021: INDUSTRY POWERS AHEAD INTO Q2
May 19, 2021--After breaking the $100B assets under management milestone in March, the Australian ETF industry has powered ahead in April, assisted by the 'triple threat': 1) strong sharemarket gains 2) higher than average net flows, and 3) another large unlisted fund conversion on Chi-X.
Market cap
ASX Exchange Traded Product market cap: $108.8B1-all time end-of-month high
Market cap change for month: 5.8%, $5.9B
Market cap growth for the last 12 months: 78%, + $47.5B -fastest yearly growth ($ terms) on record
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Source: betashares.com.au
Trading in Taiwan inverse ETF surged as stock market plunged
May 19, 2021--The Yuanta/P-shares Taiwan Top 50 inverse fund was the most traded security during May 12 turmoil
As the Taiwanese stock market suffered the worst one-day drop last week, one inverse exchange traded fund recorded its highest trading volume and became the most traded security on the exchange.
Taiex, the weighted index for stocks listed on the Taiwan Stock Exchange, fell 8.55 per cent on May 12, the worst intraday decline since it was launched in 1969.
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Source: FT.com
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