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Chief economist update: Chinese manufacturing ramps up

BENJAMIN ONG  |  THURSDAY, 1 APR 2021
Activity in China's manufacturing and non-manufacturing sectors returned with a vengeance after a brief pause during the country's Lunar New Year holidays. National Bureau of Statistics (NBS) data show that China's manufacturing PMI rebounded ...

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... Superannuation is intended to fund living standards of retirees, not to accumulate wealth to pass to future generations," the report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping ...

Unlisted assets deliver modest returns

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... relationship with their volatility, the proportion of unlisted assets, autocorrelation, skewness and kurtosis," the report read. Autocorrelation, or serial correlation, is the degree to which future returns are predicted by past returns. The analysis ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... probably better ways that consumers can get a sense of trust and other than a whole lot of documentation that frankly is hard to read and unclear."

Chief economist update: BOJ has no plans to ease easing

BENJAMIN ONG  |  TUESDAY, 30 MAR 2021
The Bank of Japan (BOJ) kept monetary policy settings at its March meeting - short-term key interest rate at minus 0.1% and the target for the 10-year Japanese government bond yield at around 0%. It also pledged that it "will continue with Quantitative ...

Chief economist update: Hot flashes

BENJAMIN ONG  |  THURSDAY, 25 MAR 2021
Expansion in private sector activity with a dash of inflation. This is the overriding conclusion that could be derived from the flash estimates of the IHS Markit Purchasing Managers' Index (PMI) surveys conducted for the US, the Eurozone, the UK ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
The global pandemic has not only changed the way consumers buy goods and services, but also spurred stronger demand for robo-advice to help improve their financial wellbeing, a new survey finds. Software firm Oracle's Money and Machines 2021 report ...

Active funds quell passive flows

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... but how they behave. They accounted for two fifths of the inflows to active global funds in the last two years," the report read, noting that British investors are by far the most enthusiastic adopters. However, passive ESG funds are also on the rise ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
GDP growth of over 6% for 2021. Chinese premier Li Kequiang announced this target growth rate at the opening of the fourth session of the 13th National People's Congress (NPC) in Beijing on March 5. Many a time, China's annual economic growth ...