Julienne Raven Lingat

An exchange traded fund investing solely in Indian equities is set to debut on the Abu Dhabi bourse, suggesting Middle Eastern investors’ strong interest in deploying money to Asia’s second-largest market. Abu Dhabi-based asset manager Lunate Capital plans to roll out the Chimera S&P India Shariah ETF, which will target large shariah-compliant Indian companies listed on the Bombay Stock Exchange on January 26. The ETF will replicate the performance of the S&P India Shariah Liquid 35/20 Capped…

US lawmakers are intensifying efforts to prohibit funds from investing in Chinese companies, in an effort to address the strategic, commercial and national security risks Beijing poses to the US economy and financial markets. Bipartisan representatives of the US Congress’s certified public accountant caucus have unveiled a bill entitled the No China in Index Funds Act, which includes civil penalties for violations of the proposed legislation. Index funds minimise their expenses by simply inves…

There were “subdued” flows in sustainable funds in Asia excluding Japan and China in the first quarter of the year, recording a 63 per cent decline from a revised $1.7bn in net new money chalked up during the previous quarter. Sustainable open-ended and exchange traded funds in the Asia ex-Japan, ex-China region posted $622mn in net inflows in the three months to the end of March, Morningstar’s Global Sustainable Fund Flows report shows. Despite receiving lower flows, Asian investors helped “m…

China’s exchange traded fund industry has surged in recent years, buoyed by record high inflows into equities strategies and amid a slump in the take-up of active funds, according to Morningstar research. Total annual inflows into China ETFs reached Rmb604.3bn ($83.3bn) in 2023, the research firm’s latest China ETF Asset Flows report shows. The figure is almost five times the Rmb127.2bn in inflows recorded in 2021 and almost double the Rmb387.2bn in 2022. It also marks a complete turnaround f…