The FSA Spy market buzz – 12 April 2024
Equity that is not Kool, Abrdn’s fund closures, Lombard Odier loves private markets, China’s ugly debt graph, Mountainous interest rate analogies, US housing costs, Gold smuggling, Advertising and much more.
In April, Blackrock has for the first time come out in support of MSCI A-share inclusion.
Helen Zhu, head of China equities, said in a briefing last month that MSCI inclusion would improve investor sentiment toward China, but she doubted if a positive decision would result in a large flow of capital into A-shares.
Instead, she prefers H-shares. “There has been about $50bn of southbound capital buying Hong Kong stocks through the Stock Connect, as H-shares have lower valuations [than A-shares],” she explained.
She also expected more inflows into Hong Kong equities from international investors as China’s economy shows signs of improvment.
Equity that is not Kool, Abrdn’s fund closures, Lombard Odier loves private markets, China’s ugly debt graph, Mountainous interest rate analogies, US housing costs, Gold smuggling, Advertising and much more.
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