The FSA Spy market buzz – 19 May 2023
HSBC Private Bank is hiring, an AI ETF comes to market, Nasdaq rally, top performing funds, venture capital woes, Dimon’s ironic short ban, Alibaba’s cloud is freed and much more.
Qianhai-based First Seafront Fund Management managing director and chief economist Yang Delong believes A-shares are likely to be included this year.
“We expect the [resulting] capital inflows will not be that much. It’s more like a symbolic move for the internationalisation of A-shares.”
Smaller-than-expected inflows may result because the proposal only aims to add 169 mainland stocks in the indices, he noted.
“[An inclusion] would likely benefit large-cap blue-chips. For our funds, we also tend to allocate more toward these stocks,” he continued.
HSBC Private Bank is hiring, an AI ETF comes to market, Nasdaq rally, top performing funds, venture capital woes, Dimon’s ironic short ban, Alibaba’s cloud is freed and much more.
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