MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
The index is driven by a rule-based quantitative model and contains up to 50 of the largest and most liquid companies in the emerging markets. Created by HSBC Global Markets, the methodology used ensures that the index remains dynamic and captures returns from a highly diversified portfolio in 10 of the largest emerging market regions.
ôThe indexÆs strategy means that it can adapt and change to reflect the dynamics of the largest emerging market companies, as each market develops,ö says Paul Thind, head of EMEA third-party structured product development.
Given that energy is universally used and emerging economies are experiencing high rates of growth, many of the largest companies in the index are energy stocks. Banks, insurance companies, telecoms, consumer, and information technology companies give this index regional and sector diversification.
The relative growth of each region is measured each year and becomes reflected in the index by adjusting the weights of constituents. The indexÆs periodic reviews are aimed at ensuring liquidity.
HSBC believes that the biggest companies in the emerging markets have inherent advantages in terms of the best access to capital, human resources, and best capacities to access global markets and are less volatile than the small-cap sector companies.
HSBC believes the index values will act as reference for the pricing of investment products, and plans to launch globally a range of innovative investment products linked to the index.
HSBC Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.