At the end of last month, the Bank of Japan surprised markets by effectively raising the threshold for 10-year JGBs in its controversial yield curve control policy. While this may seem on the face of it a headwind for the country’s soaring stock market, the reality is more nuanced.
Overall ETF inflows in Asia came in at $29.73bn despite a mixed market backdrop.
Schroders loses, Blackrock hires; FSM One and Black Friday; Smart vehicle ETF; Discretionary progress; Bill Gates and impact; UBS and 2020; Ads return on buses and trams and much more!
Hong Kong’s rich need better planning to meet their financial goals, but they don’t trust the professionals, according to a recent study.
Only 24% of Hong Kong’s rising affluent trust financial advisors, which compares to around 45% of those in the US, according to Michael Fong, managing director at Charles Schwab in Hong Kong.
US equities and bonds are yet to peak as the former is supported by solid economic growth and the latter by global demand, said Peter Yiu, portfolio management associate director at Charles Schwab Hong Kong.
Part of the Mark Allen Group.
