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Bosera repurposes FTSE China A50 ETF to track SSE STAR 50 Index
February 22, 2021--Bosera Asset Management has repurposed one of its Hong Kong-listed ETFs to provide exposure to companies listed on Shanghai Stock Exchange's innovative STAR Market.
Previously linked to the FTSE China A50 Index, the fund now tracks the SSE Science and Technology Innovation Board 50 Index, an index known informally as the 'SSE STAR 50'.
It is available to trade on the Stock Exchange of Hong Kong in Hong Kong dollars (2832 HK) and Chinese renminbi (82832 HK).
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Source: etfstrategy.com
Japan powers out of coronavirus dip with 3% fourth-quarter development
February 15, 2021--Financial output in Japan grew 3 per cent from the third to the fourth quarter of 2020 because the nation recorded a robust comeback from Covid-19.
The figure for growth in gross home product, printed by the nation's Cupboard Workplace, got here in properly forward of expectations for a 2.3 per cent enlargement.
Stable development within the closing quarter of the yr left output simply 1 per cent beneath the identical interval in 2019, highlighting the pace of the bounce again from final yr's downturn, and suggesting a "V-shaped" restoration could also be doable.
In contrast, Japan took a number of years to regain an identical stage of GDP after the 2008-09 recession, exhibiting how the dynamics of financial restoration differ when there isn't any monetary disaster to beat.
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Source: lupaexpress.com
CSOP to Bring CSOP STAR 50 Index ETF (stock ticker:3109.HK) on the HKEX
February 8, 2021--CSOP Asset Management Limited ("CSOP") is proud to announce the listing of CSOP STAR 50 Index ETF (stock ticker: 3109.HK) on Hong Kong Stock Exchange.
As the first Hong Kong-listed ETF tracking the newly launched SSE Science and Technology Innovation Board 50 Index (the "STAR 50 Index" or the "index") in 2020, CSOP STAR 50 Index ETF will enable global investors to catch the investment opportunities brought by the fast growing high-tech companies and strategic emerging companies that are listed in Shanghai Stock Exchange Star Market (the "Star market").
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Source: us.acrofan.com
South Korea ETF price war intensifies
February 4, 2021--KB Asset Management slashes management fees on some funds to record low of 0.001%
South Korea's KB Asset Management has slashed management fees on a trio of exchange traded funds to just 0.001 per cent, the lowest level in the domestic industry, in a bid to expand the firm's market share against the country's largest ETF issuers' Mirae Asset and Samsung Asset Management.
KB Asset on Monday drastically reduced total annual fees of its KBStar 200 ETF, KBStar 200 Total Return ETF and KBStar US Nasdaq 100 ETF to the near-zero 0.001% management fee per annum, according to a company announcement.
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Source: FT.com
S.Korea regulator extends ban on short-selling of stocks to May 2
February 3, 2021--South Korea's financial regulator said on Wednesday it will extend its ban on short-selling of shares on the benchmark KOSPI and the junior KOSDAQ to May 2, but added it will partially lift the ban afterwards.
The Financial Services Commission (FSC) said in a statement it would extend the current ban until it partially lifts the short-selling ban on KOSPI 200 and KOSDAQ 150 stocks starting from May 3.
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Source: reuters.com
Market Trends: February 2021
February 3, 2021--Interest rates-gradual lift likely
Long-term bond yields lifted notably last month, with the U.S. 10-year rate rising 0.15pp to 1.07%. Australian 10-year bond yields rose 16pp to 1.13%, with the 10-year spread remaining steady at around 6pp.
Rising yields saw the Bloomberg AusBond Composite Index decline 0.4% in January, to be down 0.8% from its recent month-end peak at end-October 2020.
As evident in the charts below, there has been no material change in market expectations for cash rates in the year ahead. Based on our modelling, the recent rise in bond yields is more a case of longer-term rates moving back to be more in line with fundamentals (based on current market policy expectations) after extreme risk-off moves last year. Long-term bond yields remain below pre-COVID levels.
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Source: betashares.com.au
China and Japan expand ETF connectivity scheme
January 28, 2021--Stock exchanges in Shanghai, Shenzhen and Tokyo to explore further co-operation
China's two main stock exchanges in Shanghai and Shenzhen and the Japan Exchange have added new exchange traded funds and vowed to expand the product types included in their joint ETF Connectivity scheme, which has struggled to gain momentum after it was launched 18 months ago.
The Japan Exchange Group on Tuesday gave the green light to two new ETFs managed by Daiwa Asset Management that are set to be listed on the Tokyo Stock Exchange on April 8, according to an official announcement.
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Source: FT.com
Global X Japan launches Global X Digital Innovation Japan ETF, its first engagement with Solactive
January 27, 2021--Global X Japan, a joint venture between Global X ETFs and Daiwa Securities established in 2020, launched its new Global X Digital Innovation Japan ETF [Ticker: 2626] on January 27th, 2021, on the Tokyo Stock Exchange. This release marks Global X's first engagement with Solactive on Japanese ground after Global X, a sub-brand of Mirae Asset Global Investments, issued multiple successful ETFs tracking Solactive indices in HK, Europe, and the US.
The Global X Digital Innovation Japan ETF tracks Solactive's Digital Innovation Japan Index, which is powered by ARTIS(R), Solactive's proprietary big data and natural language processing algorithm. The index includes an ESG screening carried out by ESG data provider Minerva Analytics Ltd. The screening excludes companies not compliant with the UN Global Compact and businesses affiliated with controversial industries.
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Source: Solactive AG
Property vs. sharemarket-the age-old debate
January 27, 2021--Whilst interest rates are at record lows and are likely to remain there for several years based on Reserve Bank governor Phillip Lowe's commentary1, should you be taking advantage of the current market environment by investing in property or investing in the sharemarket?
Australia has a well-known love affair with property, and many Australians hold a firm belief that its value never goes down. In terms of investments, it's relatively straightforward and easy to understand.
However, not everyone has the minimum amount needed to place a deposit on a property and secure a mortgage. In addition, the world is going through a pandemic and, according to the RBA, prices in rental markets have recently adjusted in response to reduced demand and higher supply. Advertised rents have declined sharply since April 2020, particularly for apartments in Sydney and Melbourne2.
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Source: betashares.com.au
IMF Staff Completes 2021 Article IV Mission to Republic of Korea
January 27, 2021--The Korean economy has weathered the COVID-19 pandemic comparatively well and is projected on a preliminary basis to grow by 3.1 percent in 2021 after contracting by 1 percent in 2020.
Some additional policy accommodation would help the economy normalize faster and bring discouraged workers back to the labor market.
The Korean New Deal offers an opportune strategy to develop new growth drivers and achieve greater inclusiveness; broader product market reforms and steps to tackle remaining rigidities in the labor market will help generate greater impact.
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Source: IMF
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