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Christine Tan, Portfolio Manager, Excel Funds joins BNN to discuss how she is trading on the opening day of the Shanghai and Hong Kong exchange Stock Connect. This landmark move opens up China’s vast domestic stock market directly to international investors. Source: http://www.bnn.ca/Video/player.aspx?vid=492725
South Korean equities are trading at a discount to its Asian peers, in part due to concerns that the sharp depreciation in the Japanese yen will increase the competitiveness of Japanese exporters over Korean peers. However, we are seeing increasing global investor interest in Korean equities as evidenced by the strong demand for IPOs, which look to hit a 3-year high this year. Source: http://www.koreaherald.com/view.php?ud=20141114000487
India Oct CPI inflation at series low Oct CPI at 5.5%YoY vs 6.5% in Sep came marginally lower than consensus at 5.7%. The core CPI marked a series low at 5.86% (Sep core at 5.9%). Price momentum at 0.1%MoM was tracking the decline in food prices. The core momentum inched up to 0.4%MoM tracking higher housing price momentum. The food, beverages and tobacco index (49.7%…
Forbes announced the most powerful people in the world. Modi (#15) and Alibaba CEO, Jack Ma (#30), makes it on the list for the first time. Forbes has just declared Russian President Vladimir Putin to be the most powerful person on Earth. "As the undisputed, unpredictable, and unaccountable head of an energy-rich, nuclear-tipped state, no one would ever call him weak," writes Forbes Senior Editor…
Listen to Christine Tan, Portfolio Manager, Excel Investment Counsel speak with BNN about new opportunities to invest in China. On November 17th, Shanghai and Hong Kong will ease restrictions between their respective stock exchanges, providing access to nearly 600 Shanghai-listed stocks which were previously unavailable to foreign investors. Link: http://www.bnn.ca/News/2014/11/10/Investing-In-China-becomes-a-game-changer.aspx
Two Indian firms, Reliance Industries and Oil & Natural Gas Corporation (ONGC), were ranked in the top 30 in Transparency International’s latest report, Transparency in Corporate Reporting. Transparency International, a non-profit organization fighting against corruption and malpractices, ranked Reliance Industries and ONGC 9th and 26th, respectively, after evaluating 124 global companies on various aspects of transparency. The global giants were selected from the Forbes list…
India’s S&P BSE Sensex Index reached an all-time high on November 5 on the back of reports of better-than-estimated corporate earnings. According to data compiled by Bloomberg, more than three-quarters of companies trading on the Sensex, which have so far reported their earnings, have either matched or beaten their estimates. Stocks also rose on speculation that the central bank may reduce interest rates as lower…
In a move to increase its global competitiveness and improve transparency, China is planning to loosen its restrictions on foreign investment. “This is a step in the right direction,” says David Kunselman, Senior Portfolio Manager with Excel Funds Management in Mississauga. “It will facilitate foreign participation in sectors which will benefit the Chinese economy.” The China National Development and Reform Commission (NDRC) plans to cut…
A new Mckinsey report provides a detailed discussion of high potential markets for global businesses looking to benefit from the expected pick up in growth. As shown [to the left], by 2025, the standard of living in several states will mirror that of high- and middle-income countries today. Link: http://www.mckinsey.com/Insights/Asia-Pacific/Understanding_Indias_economic_geography?cid=other-eml-alt-mip-mck-oth-1410
After prior Fed Chairman Bernanke first mentioned tapering of the Fed’s asset purchase program in May 2013, we finally saw the end of the program on October 29. Since the end was so well-telegraphed and expected, EM bonds and equities actually rallied that night. We welcome the end of the multi-year QE program as it indicates an improved US outlook, which is unequivocally positive for…
One could almost consider India and Japan to be mirror images of each other. India is a young country with tremendous infrastructure spending needs, rapidly increasing domestic consumption and low but rapidly growing savings. Conversely, Japan is a mature country with extensive infrastructure, low domestic consumption growth and very high savings balance. The attached special report explains how India could benefit from Japan's infrastructure and…
The Brazilian equity market is set to rebound as investors look forward to the long-term opportunity of investing in South America’s largest market. The initial pull-back in the market following the victory by incumbent President Dilma Rousseff was short-lived. “The equity markets initially sold off over 4% in early trading on October 27 after a very close weekend election (October 26) but closed only 2.7%…

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