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An ETF Market Leader in Asia

CSOP USD Money Market Fund Wrap-20240527

Over the past week, a series of secondary economic releases were scheduled, most of which reported lower-than-expected results compared to the market consensus. Despite this, treasury bond yields experienced a significant increase throughout the week, primarily driven by short-duration bonds. This surge can be attributed to a reversal in the sharp rally observed following the recent CPI report and Federal Reserve minutes released on May 22. This fluctuation may persist in the bond market in the near term. That being said, short-term maturities are nearing their recent peaks following the sell-off, presenting an appealing opportunity for a tactical bullish perspective. Thus, we expect CSOPUMM to continue to deliver stable yield in the near term. As of 20240524, the fund has gross yield of 5
CSOP USD Money Market Fund Wrap-20240527

CSOP ETFs Weekly Performance Recap-20240701

Last week, LCU (+0.59% in USD) and SQQ (+0.20% in SGD) and $CSOP DIV ETF S$(SHD.SI)$ (+0.19% in SGD) gained, while SRT (-0.42% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (-4.35% in SGD) fell. $CSOP LOW CARBON US$(LCU.SI)$ gains can be attributable to financials, industrials and healthcare by sectors. By geography, gains were led by Japan, South Korea and Singapore. In terms of individual firms, gains were mainly driven by Toyota Motor Corp, Samsung Electronics and Mitsubishi UFJ Financial. $Toyota Motor Corp.(TOYOF)$ rose after being raised to outperform from neutral by Macquarie analyst. Samsung Electro
CSOP ETFs Weekly Performance Recap-20240701
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2023-06-02

It’s Time to invest in Japan following Warren Buffett?

Recently, the Nikkei 225 reached a post-bubble high on May 19, 2023, achieving its highest level since 1990. In fact, as early as 2020, Buffett's Berkshire Hathaway revealed a long-term bet by acquiring slightly more than a 5% stake in Japan's main trading houses - Mitsubishi Corp., Mitsui & Co., Itochu Corp., Marubeni Corp., and Sumitomo Corp. Buffett visited Japan for the first time in 12 years in 2023, and he has since increased his stakes in Japan's five largest trading houses to 7.4%, which is Berkshire Hathaway's largest investment outside of the US. Source: ^Bloomberg, As of 2023/5/23 Not only Buffett but the market has also seen foreign investors returning to Japan's stock market, too. Monthly foreign stock investment in Japan reached an all-time high of JPY 2368.90 billion in
It’s Time to invest in Japan following Warren Buffett?

CSOP ETFs Weekly Performance Recap - 20240506

•Last week, $CSOP LOW CARBON US$(LCU.SI)$ LCU (+2.73% in USD), $CSOP SEA TECH ETF US$(SQU.SI)$ SQU (+0.87% in USD), $CSOP DIV ETF S$(SHD.SI)$ SHD (+1.03% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ SCY (+4.43% in SGD) gained while $CSOP S-REITs INDEX ETF(SRT.SI)$ SRT (-0.69% in SGD) fell slightly amidst a backdrop of a dovish FOMC statement post FOMC meeting where rates were held constant. •LCU’s gains were primarily attributable to industrials, financials and consumer discretionary by sectors and Japan and China by country. By individual firms, gains were due to
CSOP ETFs Weekly Performance Recap - 20240506

CSOP USD Money Market Fund Wrap - 20240506

Last Wednesday, at the FOMC meeting, the Fed kept rates constant at 5.25%-5.50% for the sixth consecutive meeting. The dovish FOMC statement and less-hawkish-than-anticipated Powell’s Q&A emphasized that a rate hike is unlikely to be the next policy move. As predicted, the US Treasury maintained the coupon auction size while increasing TIPS sizes. The Treasury also announced no plans for cash management buybacks this quarter but initiated the liquidity support buyback program. Last Thursday’s data release indicate GDP cooled in Q1 while employment cost increased by the most in a year (+4.7% q/q), a sign that inflation is persistent, supporting the Fed’s hawkish pivot to keep rates high for longer than expected. Bond traders have shifted expectations for the first full Fed rate cut earl
CSOP USD Money Market Fund Wrap - 20240506

CSOP USD Money Market Fund Wrap-20240610

Last week’s economic data was mixed with most of the week indicating cooler labor market. However, last Friday, US jobs report came out strong, causing investors to reassess probability of future rate cuts. Job openings decreased by 296k in April to 8.06 million, nearing the pre-pandemic ratio of job openings-to-unemployed ratio at 1.24, close to February 2020's 1.22. Initial jobless claims for the week ending June 1 increased by 8k to 229k, exceeding the consensus estimate of 220k, though this upside surprise could be a result of seasonal adjustments. ADP employment report indicated a slower growth pace with a 152k rise in private payrolls in May, below the expected 175k. However, service surveys showed strength and return to expansion, with the May ISM services PMI survey reaching its hi
CSOP USD Money Market Fund Wrap-20240610
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2023-06-08

[CSOP New ETF Launch] Capturing chances in the thriving SEA tech sector with CSOP iEdge Southeast Asia+ TECH Index ETF!

$CSOP SEA TECH ETF S$(SQQ.SI)$  Did you know that global industrial relocation is shifting to Southeast Asia now? Also, the digital economy in Southeast Asia is developing rapidly, benefitting from a booming middle class. CSOP is launching a new ETF in Singapore, presenting an exciting opportunity for investors to participate in the rapid growth of the digital economy in Southeast Asia and India! We believe this product offers unique strengths in the SG capital market. Take some time to go through the long poster, and you will know why you should invest in the CSOP iEdge Southeast Asia+ Tech Index ETF! Don't miss out on this chance to capture the opportunities in the thriving SEA tech sector! Source: CSOP Important Information The investmen
[CSOP New ETF Launch] Capturing chances in the thriving SEA tech sector with CSOP iEdge Southeast Asia+ TECH Index ETF!
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2023-10-09

CSOP USD Money Market Fund Wrap – 20231009

Despite JOLTS job opening figures surpassing expectations in August, the ADP private employment data indicated that US companies added the fewest jobs since the beginning of 2021 in September. Also, steady unemployment blunts impact of blowout payrolls. It is expected that the upcoming release next week will show a decrease in headline CPI as average daily gasoline prices remain stable, removing the main factor contributing to inflationary pressures in August. However, the Federal Reserve may need to raise interest rates or maintain them at higher levels for a longer duration than previously anticipated. Consequently, futures traders are placing record bets on a rate hike during the Fed's November meeting ahead of the monthly US payrolls report. We expect CSOP USD Money Market Fund to cont
CSOP USD Money Market Fund Wrap – 20231009
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2023-06-06

[CSOP New ETF Launch] TECH ON to a SEA of opportunities!

We are thrilled to announce the upcoming listing of the CSOP iEdge Southeast Asia+ TECH Index ETF on 20 June, 2023. The initial offering period (IOP) starts as early as TODAY! Here we present some key features of the product! The first ETF in Singapore that aims to seize a unique investment opportunity in the booming tech industry within fast-growing regions of Southeast Asia and India. This ETF tracks the iEdge Southeast Asia+ TECH Index, providing exposure to 30 leading technology firms across six markets in Southeast Asia and India. These firms operate in various sectors, including IT, software, retail, car manufacturing, and electronic components and manufacturing. By doing so, the ETF captures the growth potential of emerging Asian markets. Stay tuned for the innovative product laun
[CSOP New ETF Launch] TECH ON to a SEA of opportunities!

[REITs Symposium Panel Review] Is it the Right Time to Invest in S-REITs?

We are thrilled that our esteemed Portfolio Manager of the largest China government bond ETF in the world, Bruce Zhang, recently participated in a panel discussion at the REITs Symposium, sharing valuable insights on the real estate market and answering some questions about our $CSOP iEdge SREIT ETF US$(SRU.SI)$ CSOP SRT ETF product. During the Q&A session, Bruce highlighted how SRT offers diversified exposure to the real estate sector, providing stability and growth potential for investors. They also discussed current market trends and the strategic advantages of including REITs in a balanced investment portfolio. Bruce also reminds us that as funding cost is going to peak, investors should be prepared for the rebound of S-REITs using
[REITs Symposium Panel Review] Is it the Right Time to Invest in S-REITs?
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2023-06-20

Invest in the Future: CSOP's Latest ETF Brings Southeast Asia+ Tech Giants to Your Portfolio!

$CSOP SEA TECH ETF S$(SQQ.SI)$ Exciting news! CSOP is proud to launch our fifth ETF - the CSOP iEdge Southeast Asia+ Tech Index ETF (SGD Counter: SQQ/ USD Counter: SQU) on SGX today! This groundbreaking ETF provides a remarkable investment opportunity in the rapidly expanding tech industry of Southeast Asia and India. It offers exposure to 30 prominent technology companies across six markets, including Delta Electronics, Astra, $Infosys(INFY)$, Venture, and $Grab Holdings(GRAB)$. Don't miss out on the chance to invest in these leading tech firms with SQQ/SQU NOW! Join the sea of opportunities and ride the wave of success with CSOP! Source: CSOP Important Infor
Invest in the Future: CSOP's Latest ETF Brings Southeast Asia+ Tech Giants to Your Portfolio!
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2023-10-17

CSOP ETFs Weekly Performance Recap - 20231013

Last week, $CSOP LOW CARBON US$(LCU.SI)$  (+1.52% in USD), $CSOP SEA TECH ETF US$(SQU.SI)$ (+1.17% in USD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (+1.13% in SGD) all gained as Federal Reserve officials issued dovish statements on interest rates. LCU's gains were primarily driven by Japan and China. Among individual firms, the notable gains were observed in Samsung Electronics and TSMC. Samsung Electronics recorded significant growth as its quarterly profit nearly tripled from the previous quarter, indicating signs of stabilization in the chip market. Meanwhile, TSMC witnessed a rise in its stock price driven by heightened demand from its six major cu
CSOP ETFs Weekly Performance Recap - 20231013
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2023-09-25

CSOP USD Money Market Fund Wrap – 20230925

In Sep’s FOMC meeting last week, the Fed maintained its target range at 5.25% to 5.5% and quarterly economic projections revealed that 12 of 19 Fed officials postulate that rates will rise one more time this year. Nevertheless, moving forward, Fed Chair Powell said the Fed is to “proceed carefully”. Powell clarified that Fed rate hikes are ending, but rates need to stay higher for longer as the economy remains strong as seen from the new Summary of Economic Projections While median forecast for core PCE inflation at end-2023 was revised downwards to 3.7%, headline PCE inflation was revised up to 3.3% Real GDP growth forecast was revised upwards to 2.1%, over double the previous forecast 2023 unemployment rate forecast revised down to 3.8%, suggesting recession is less likely Last week, ap
CSOP USD Money Market Fund Wrap – 20230925
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2023-06-14

[CSOP New ETF Launch] Southeast Asia Technology may benefit amid rising geopolitical risks!

As geopolitical risks continue to rise, countries in Southeast Asia are attracting major players like $Microsoft(MSFT)$ and Google to set up operations. Thailand and Vietnam are also joining in, vying to become new bases for multinational companies. As a result, the global manufacturing landscape may change, and Southeast Asian countries are seizing new growth opportunities. They're building neutral and resilient supply chains that can attract investment from international tech leaders, and developing their high-end manufacturing industries, including new energy vehicles, semiconductors, and data centers. The $CSOP SEA TECH ETF S$(SQQ.SI)$ offers a unique investment opportunity that captures two major t
[CSOP New ETF Launch] Southeast Asia Technology may benefit amid rising geopolitical risks!

CSOP ETFs Weekly Performance Recap-20240624

Last week, $CSOP LOW CARBON US$(LCU.SI)$ (+0.59% in USD) and $CSOP SEA TECH ETF US$(SQU.SI)$ (+2.18% in USD) gained, while $CSOP S-REITs INDEX ETF(SRT.SI)$ (-0.28% in SGD), $CSOP DIV ETF S$(SHD.SI)$ (-1.49% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (-0.97% in SGD) fell. LCU’s gains can be attributable to IT, financials, and communication services. By geography, gains were led by Taiwan, China and South Korea. In terms of individual firms, gains were mainly driven by TSMC, Hon Hai Precision Industry and MediaTek. TSMC rose after Morgan Stanley and Citigroup
CSOP ETFs Weekly Performance Recap-20240624
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2023-10-24

CSOP USD Money Market Fund Wrap – 20231024

Recent economic indicators revealed that US retail sales surpassed expectations at +0.7% MoM and industrial production improved +0.3% MoM in September, while nonfarm payroll increases averaged 266k over the past 3 months. Despite the resilient economy, last Thursday, at the Economic Club of New York, Fed Chair Powell remarked that rates are at or near peak and expressed a definite intention of pausing rate hikes. Nevertheless, the Fed remains watchful. Quoting Powell’s words, “We will make decisions about the extent of additional policy firming and how long policy will remain restrictive based on the totality of the incoming data, the evolving outlook, and the balance of risks”. Markets responded with a decline on 2Y treasuries yields. We expect CSOPUMM to continue to deliver stable yield.
CSOP USD Money Market Fund Wrap – 20231024

CSOP ETFs Weekly Performance Recap-20240611

Last week, $CSOP LOW CARBON US$(LCU.SI)$ (+2.04% in USD), $CSOP SEA TECH ETF US$(SQU.SI)$ (+3.25% in USD), $CSOP S-REITs INDEX ETF(SRT.SI)$ (+0.68% in SGD) gained, while $CSOP DIV ETF S$(SHD.SI)$ (-0.82% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (-0.42% in SGD) fell. LCU’s gains were mainly driven by IT, communication services, and financials by sectors. In terms of geography, Taiwan, South Korea and China led the rally. As for individual stocks, TSMC, Samsung Electronics and Tencent Holdings were primary contributors. TSMC rose as investment sentiment was
CSOP ETFs Weekly Performance Recap-20240611
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2023-10-16

CSOP USD Money Market Fund Wrap – 20231016

The September CPI report revealed a 0.3% increase in the US core CPI (excluding food and energy costs) last month. As such, swap contracts increased the odds of another 25bp Fed hike to about 40% compared to around 30% on Wednesday. Moreover, it showcased imbalanced disinflation, with goods sector prices performing well while service sector disinflation has stalled. The Israel-Hamas conflict poses a significant risk of another Fed rate hike. Initial jobless claims for week ended Oct 7 stayed at 209k, below estimates of 210k, and the latest Kansas City Fed Index indicated the labor market significantly cooled to be in line with FOMC’s 2% inflation goal. However, it is worth noting the United Auto Workers strike has already resulted in layoffs in some states, and further job cuts are predict
CSOP USD Money Market Fund Wrap – 20231016
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2023-10-03

CSOP USD Money Market Fund Wrap – 20231003

The US deal which was reached over the weekend to avoid a government shutdown may provide some initial relief to the markets, attention will soon turn to Federal Reserve Chief Jerome Powell as he speaks in a discussion later on Monday. US manufacturing activity and jobs data will also be closely watched this week, following remarks from the head of the New York Fed suggesting that policymakers should maintain higher interest rates for a period of time. "Financial markets were preparing for a potential shutdown, so there is a sense of relief, but it is only a temporary easing of one of the current concerns in the market," said Yung-Yu Ma, Chief Investment Officer at BMO Wealth Management. "Interest rates and the hawkish stance of the Federal Reserve continue to be the focus and the primary
CSOP USD Money Market Fund Wrap – 20231003

CSOP USD Money Market Fund Wrap-20240701

Last week, disappointing domestic data fueled speculation of a potential Fed rate cut this year to curb further economic slowdown. Conference Board’s headline consumer confidence index fell to 100.4 in June (vs downwardly revised 101.3 prior), mainly driven by weakening expectations of future income and business conditions. While initial jobless claims fell slightly to 233k for week ending 22nd June (vs upwardly revised 239k prior), continuing jobless claims rose to 1.84m for week ending 15th June, possibly exacerbating unemployment, thereby indicating a looser labor market. Furthermore, US core capital goods order, an indicator for investment in equipment excluding aircraft and military hardware, experienced the largest drop YTD in May. Core capital goods shipments, an indicator for equ
CSOP USD Money Market Fund Wrap-20240701

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