Ken Shih

Today’s China Top Five:   💡 𝗙𝘂𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 Large ETF managers such as China Asset Management Co., Ltd., E Fund Management Co.,LTD., Harvest Fund Management and Huatai-PineBridge Fund Management Co., Ltd. (Formerly AIG-Huatai) all added more than RMB60bn in non-MMF AUM in 1Q24 to solidify their places in the top tier. Including MMFs, there are now six FMCs that manage more than RMB1tr, with Bosera Asset Management Co. the latest to join this group.   💡 𝗝𝗣 𝗠𝗼𝗿𝗴𝗮𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗥𝗲𝘀𝗵𝘂𝗳𝗳𝗹𝗲 The J.P. Morgan wholly owned securities company onshore named Lu Fang as the chairman of the board, replacing Park Pu. Greg Yu has also been promoted to general manager whilst also retaining his existing remit as head of equities. JP Morgan has had full ownership of the venture since 2021.   💡 𝗖𝗦𝗜 𝗔𝟱𝟬 𝗙𝗲𝗲𝗱𝗲𝗿𝘀 Several managers established their CSI A50 ETF feeder funds on April 23. Among them, E Fund raised the most – attracting RMB1.5bn from almost 80k investors. Fullgoal Fund Management Co., Ltd., Ping An Fund and Da Cheng each also raised over RMB600m; the latter will also add a new share class to its feeder on April 26.   💡 𝟭𝗤𝟮𝟰 𝗣𝗲𝗻𝘀𝗶𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲 As of the end of March, RMB1.9tr of public pension funds had been centralized at NCSSF for management, with plans to continue to increase this figure. Ministry of Human Resources and Social Security also highlighted ongoing efforts to refine the Pillar Three commercial pension program.   💡 𝗕𝗮𝗻𝗸 𝗪𝗲𝗮𝗹𝘁𝗵 𝗔𝗨𝗠 𝗚𝗿𝗼𝘄𝘁𝗵 Bank wealth management AUM is estimated to have increased by almost RMB2tr so far in April. The surge is attributed to temporary adjustments post-quarter-end and recent deposit rate cuts, prompting a shift towards wealth management products for higher returns.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews

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HKEX REACHES AGREEMENT WITH SSE AND SZSE TO EXPAND SCOPE OF ELIGIBLE ETFS UNDER STOCK CONNECT Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce on Friday that it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect. The eligibility criteria for ETFs for both Northbound and Southbound trading, including the assets under management requirement and the index weighting requirements, will be relaxed to support the continued development of the mutual market access programme. This expansion will further enrich investment options and enable Stock Connect investors to allocate assets in both Hong Kong and Mainland China markets in an efficient and cost-effective way. Further details of the expansion can be found in the circular published by HKEX today. The three exchanges will work closely on the business and technical preparations for the expansion, which is expected to take effect approximately three months from the date of this announcement. #ETF #StockConnect #HKEX #SSE #SZSE

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The Hong Kong stock market has been on the rise lately! In early May, there were discussions about whether it could stabilize around 18,000. However, the HSI has already broke pass 19,500 ! In this special episode of Investment Notes, we are thrilled to have professional trader K.Ho join us to analyze market trends and share valuable insights. Join us as we explore the strategies of utilizing derivative instruments to seize investment opportunities!   Investment involves risks, be cautious of trading.   ----------------------------------- 近日港股升勢如虹，本月初市場還在討論能否企穩18,000點，至今恒指已突破19,500點，所謂「升市莫估頂」，今集投資筆記特別場邀請到全職炒家 K.Ho來與觀眾分析大市走勢，利用衍生工具捕捉投資機遇，想深入了解就切勿錯過！ 投資有風險，交易需謹慎！  ----------------------------------- 艾德證券期貨市場資訊WhatsApp頻道已正式啟用！立即追蹤以獲取最新、最實用的市場資訊，緊貼市場動態。 👉🏻WhatsApp「艾德證券期貨市場資訊」頻道 https://lnkd.in/gAwsWqW3 (link in bio)

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abrdn Asian Income Fund Limited is an investment company that offers the prospect of both capital and income growth and could be considered a core offering for investors seeking diversification through #Asian equity exposure. Hear from Edison's Milosz Papst and Yoojeong Oh, CFA, one of the fund's managers, as they explore the potential opportunity in Asia. For more on emerging markets, read our latest report: https://lnkd.in/eaPgvTrc #EM #emergingmarkets #asia abrdn Investment Trusts

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MPF Ratings released the monthly performance survey by pointing out that while a second half pullback in May left the MPF system just short of its all-time record total asset size, average MPF account balances now exceed $250,000 for the first time since January 2022 as the system produced a positive monthly return, its 3rd in 2024. US equities topped the MPF's May performance table with a return of 4.72%, as the system generated a May gain of 2.08%, to increase its year-to-date gains to 4.36%, the best first 5 calendar months’ performance since 2021 and the 8th best first 5 calendar months’ performance since MPF’s launch. Find out more here: https://lnkd.in/gRJinnVk #mpfratings #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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MPF Ratings released April MPF performance survey by highlighting the ongoing rebound in Hong Kong and China equities while US equities produced MPF’s worst asset class loss in April just after members moved an unprecedented $9.2bn into the world’s largest share market. The MPF system generated a modest monthly loss of -0.24%. In absolute dollar terms, the investment loss is equivalent to -$2.85bn (or -$600 per MPF’s 4.75m members) however year-to-date investment gains continue to be positive at $25.7bn, or $5,400 per member. After factoring in contributions, total MPF assets end April at approximately $1.18tr (up $1.15bn from end of March and $43.5bn for year-to-date), equivalent to an average MPF account balance of $249,100 (up $240 from end of March and $9,200 for year-to-date). Find out more here: https://lnkd.in/gN-vnr3T #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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Join ONG Xun Xiang (王勋祥), CFA, CAIA, CA, ETF Business Lead at the iFAST Global Markets (Singapore) ETF Expo 2024 where industry experts share their views on the market and dive deeper into SGX Group-listed ETFs. Using the Lion-OCBC Securities range of ETFs as building blocks, Xun Xiang will talk about how to diversify your portfolio and get ahead in the ETF investing game. In the panel discussion, he will also give his insights regarding ETF portfolios in 2024. Sign up for the event here: https://lnkd.in/gE9DGpPs #LionGlobalInvestors #AssetManagement #ETF #OCBCSecurities #Dividends #Retirement #APACFinancials #lowcarbon #greeneconomy #Singapore #SingaporeLowCarbon

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Global X Hang Seng High Dividend Yield ETF (3110) helps investors seek stability and success. Faced with the continuous fluctuation in interest rate expectations and difficulties navigating the market, investing in high dividend-paying companies in a volatile market may enable investors to gain relatively stable cash flows. By utilizing dividend income, (Distribution is not guaranteed. Dividend rate is not guaranteed. Distribution may be paid out of capital*)the investment portfolio can outperform others, providing resilience in the face of market volatility while striving for success. Learn more about Global X Hang Seng High Dividend Yield ETF (3110) and risk disclosure details: https://lnkd.in/gDg3hFAk *Payment of dividends out of capital to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital may result in an immediate reduction of the Net Asset Value per Unit. #IncomestrategyETF #HighdividendyieldETF #GlobalXETFs #GlobalXETFsHongKong #GlobalX #ETF #HKETF #BeyondOrdinaryETFs #ETFinvestment - This material is intended for Hong Kong investors only. It is not a solicitation, offer, or recommendation to buy or sell any security or other financial instrument. Investment involves risks. Past performance information presented is not indicative of future performance. Investing in the Equity ETF(s) may expose to risks (if applicable) including general investment risk, equity market risk, sector/market concentration risk, active / passive investment management risk, tracking error risk, trading risk, risk in investing financial derivative instruments, securities lending risk, distributions paid out of capital or effectively out of capital risk. Investors should refer to the Fund's prospectus for details, including the risk factors. Issuer: Mirae Asset Global Investments (Hong Kong) Limited. This material has not been reviewed by the Securities and Futures Commission. Copyright © 2024 Mirae Asset Global Investments. All rights reserved.

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*Morning Market Update*: Gift Nifty 22910(+21)+0.09%(PE 21.71) Dow Jones 38886(+79)+0.2% Nikkei 38645(-58)-0.15% Hang Seng 18488(+12)+0.06% Shanghai 3057(+9)+0.28% Brent Crude $80 Gold $2373 $/Rs 83.47 FII-6868cr DII+3718cr 10 Yr GSec 6.54-2034 YTM 7.02 *News & Views*: * US mkts closed mixed after weak labour data * Asian mkts trading mixed; awaits key China's & Japan's economic data * Nifty: Support 22500 Resistance 23000 * RBI likely to keep repo rate unchanged for 8th time in a row * ECB lowers interest rate by 25bps even as inflation fight continues #ECB #RBI #monetarypolicy #technicalanalysis #economy #stockmarkets #Nifty #sensex

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Japanese equities shine at MPF Q1 2024 The latest Fast Mover Report unveiled new insights into the MPF market: - Witness the impressive performance of Japan equities, which was the best performing asset class within the MPF market in Q1 2024 - Reveal how the Japan equities asset class demonstrates remarkable efficiency in generating substantial returns, despite its smaller size compared to other equity funds These findings provide invaluable insights into the ever changing landscape of the Hong Kong MPF market. Don't miss out and stay informed! To get your hands on the full Fast Mover Report now: enquiry@mpfratings.com.hk #mpfratings #MPFFastMover #MPFRConsistentPerformers #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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On #HK’s recent approval of spot Bitcoin and Ether ETFs and the potential for increased institutional interest, Zann Kwan, 关旨斌, CFA, CIO and managing partner, Revo Digital Family Office, told AsianInvestor’s Shusi He that “Family offices have been investing in this space for several years. Those who were hesitant or concerned about managing private wallet keys now see investing in these ETFs as a less cumbersome way to take a long position in digital assets.”   “For families who have invested in this space, we are seeing allocations nearing double digits. With the rapid advancement of technology, artificial intelligence, and innovation, the younger generation is increasingly involved in wealth allocation decisions.” Zann Kwan, 关旨斌, CFA adds.     While spot ETFs provide a more convenient way for institutions to start allocating and becoming more active in the digital asset space, Zann Kwan, 关旨斌, CFA emphasizes that “they do not replace the need for active management of digital asset wealth, which is critical to managing the expected volatility in the industry. Investors in spot bitcoin ETFs over the past few months could have seen drawdowns of up to 15% in recent days without active asset and risk management.”   “It will be important to determine where the supply of bitcoin and ether will be sourced for the launch,” she highlights, “as licensed exchanges in the region might not have sufficient liquidity. Demand could be uneven and not progress linearly as banks begin to facilitate access to digital assets.”   With the approval of spot digital asset ETFs offering a new path to enter the crypto space, navigating this dynamic market could still require more than just convenience. How will the game change as the impending bitcoin halving unfolds?   --- Chi-man Kwan | Joe Kwan, PhD | William Chow | Ray Tam | Zann Kwan, 关旨斌, CFA | Kendrick Lee

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As Shanghai Chengdixiangjiang suffers poor financial performance, the market has a perception that it lacks sincerity about a downward revision for its convertible bonds. Our latest report elaborates on some issues facing the company. 🔗 YY Asia: Shanghai Chengdi Convertible Bonds: Weak financial results & insincerity towards downward revision https://lnkd.in/efaEZAmq #Ratingdog #YYAsia #China #CreditResearch #HighYield #ConvertibleBonds #DataTechnology

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What should you know about post-deflation Japan? 🇯🇵 IGM Rates Analyse, Mooris Tjioe, will be sharing his insights at Phillip Nova's Japan Market Summit on 29th May! Register now to hear his insights on the evolving economic landscape and investment opportunities in Japan >> http://spr.ly/6042dIpsC #IGM #Japan #investment #deflation

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HKEX's USD/CNH Futures had a record-setting month in May as the physically delivered contract is increasingly recognised as an essential tool for managing your #RMB exposure. HKEX, your risk management hub for China exposure covering equity, currency and soon fixed income. Please reach out if you would like to learn more. #HKEX #FXFutures #CurrencyFutures #USD #CNH #USDCNH #derivatives #derivativesexchange #futurestrading

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MPF Ratings highlighted the risks to MPF members who treat MPF as a short term trading investment. April is expected to see a -2.85% decline in MPF returns led by falls in US equities just as an unprecedented record $9.2bn moved into the world’s largest stock market in anticipation of ongoing US equity strength. Find out more here: https://lnkd.in/eh52mVzX #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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At Moofest 2024, our expert panel shared invaluable strategies for reaching that coveted S$1 million portfolio milestone. Featured speakers: - Kunhee Park, Senior Manager ETF Business Development, Invesco Ltd. - Ryan Wu, CFA, Head of Private Wealth & Institutional Business, Moomoo SG - Kathlyn Toh, Director & Chief Trainer, Beyond Insights Sdn Bhd - Christopher Tan, Committee Member, Securities Investors​ Association (Singapore) - Jamie Chung, Head of Singapore Warrants, Macquarie Group With over 75 years of combined investment experience, our experts offered these key insights: 🚀 Start Early and Stay Consistent: The power of regular, disciplined investing over time How small, consistent contributions can lead to significant growth 🌐 Strategic Diversification: Balancing your portfolio across various asset classes Leveraging stocks, ETFs, and other instruments for optimal risk-reward 🛡️ Effective Risk Management: Strategies to protect and grow your wealth in volatile markets The importance of understanding and managing your risk tolerance 📚 Continuous Financial Education: Why ongoing learning is crucial for making informed investment decisions Resources and tools available for enhancing your financial literacy ⚖️ Systematic Approach to Investing: The benefits of a disciplined, methodical investment strategy How automation and regular reviews can keep you on track #MoomooSG #Moofest2024 #IAlsoCan #InvestSmarter

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