The post Investing In China and India After COVID-19: Upcoming Webinars appeared first on GFM Asset Management.

]]>Register here for the May 20th (6pm HK time, 11am London time, 6am NY time) webinar on China’s markets after COVID-19.

Learn about Singapore-listed ETFs on June 9th (6pm HK time) webinar.

Here is the registration link for the India webinar on June 18th (also 6pm HK time).

The post Investing In China and India After COVID-19: Upcoming Webinars appeared first on GFM Asset Management.

]]>The post Witnessing Your Will Over Video Conference appeared first on GFM Asset Management.

]]>One piece of news I saw this morning was that the island of Jersey introduced a temporary law allowing Jersey wills to be witnessed over video conference, scheduled to expire in September of this year. Failing to properly execute or witness a will has made the list of the top 101 estate planning mistakes, but given how well video conference witnessing can work (let alone advantages like leaving tamper-evident recordings of witnessing), I am surprised to see that this would be proposed as temporary rather than standard practice going forward. After all, more and more legal document signatures have been going electronic over the past 20 years, and more lawyers and clients are discovering that digital signatures are not just more convenient, but also more secure. As I wrote in my earlier STEP article on the upcoming “Digital Document Decade“, in person paper signatures no longer have any advantage over digital signatures.

Even if we go back to having our wills witnessed in person later this year, chances are that more of us will be doing those in person signature ceremonies on digital tablets rather than with ink. Since we’ve made the step to save the ink, why not also save the fuel and simply do the witnessing remotely as well?

This article is the opinion of its author, who is an investment advisor and not a lawyer, and so nothing here should be taken as legal advice of any kind. Please check with your lawyer about laws covering digital signatures and will witness requirements in your jurisdiction.

The post Witnessing Your Will Over Video Conference appeared first on GFM Asset Management.

]]>The post What 150 Years Of Market Crashes Teaches Long-term Investors appeared first on GFM Asset Management.

]]>I recently wrote other comparisons about how the crash of 2020 compares with earlier crashes in 1929, 1987, 2000, and 2008, and why we shouldn’t try and time the bottom. I did point out in January of this year that US stocks were expensive, and tend to watch for a band of when they are relatively cheap, like in January of 2019, but overall have found that trying to time the market is less valuable than buying quality assets that can compound over more time in the market. That is why I continue to believe that it is best to try and buy some stocks every month, and only second best to try and buy more when stocks are in the red zones of the Morningstar chart.

Happy investing!

The post What 150 Years Of Market Crashes Teaches Long-term Investors appeared first on GFM Asset Management.

]]>The post Updated List of HKEX-Listed Stocks With Dividend And Ratio Links appeared first on GFM Asset Management.

]]>Ticker | Name | AAStocks | Reuters |

700 | TENCENT | AA Div | R Ratios |

939 | CCB | AA Div | R Ratios |

941 | CHINA MOBILE | AA Div | R Ratios |

1299 | AIA | AA Div | R Ratios |

5 | HSBC HOLDINGS | AA Div | R Ratios |

2318 | PING AN | AA Div | R Ratios |

1398 | ICBC | AA Div | R Ratios |

883 | CNOOC | AA Div | R Ratios |

388 | HKEX | AA Div | R Ratios |

16 | SHK PPT | AA Div | R Ratios |

688 | CHINA OVERSEAS | AA Div | R Ratios |

1876 | BUD APAC | AA Div | R Ratios |

2378 | PRU | AA Div | R Ratios |

11 | HANG SENG BANK | AA Div | R Ratios |

66 | MTR CORPORATION | AA Div | R Ratios |

2388 | BOC HONG KONG | AA Div | R Ratios |

3988 | BANK OF CHINA | AA Div | R Ratios |

1928 | SANDS CHINA LTD | AA Div | R Ratios |

3 | HK & CHINA GAS | AA Div | R Ratios |

960 | LONGFOR GROUP | AA Div | R Ratios |

1109 | CHINA RES LAND | AA Div | R Ratios |

267 | CITIC | AA Div | R Ratios |

1 | CKH HOLDINGS | AA Div | R Ratios |

2007 | COUNTRY GARDEN | AA Div | R Ratios |

27 | GALAXY ENT | AA Div | R Ratios |

945 | MANULIFE-S | AA Div | R Ratios |

2 | CLP HOLDINGS | AA Div | R Ratios |

3333 | EVERGRANDE | AA Div | R Ratios |

1113 | CK ASSET | AA Div | R Ratios |

3328 | BANKCOMM | AA Div | R Ratios |

6862 | HAIDILAO | AA Div | R Ratios |

1918 | SUNAC | AA Div | R Ratios |

3968 | CM BANK | AA Div | R Ratios |

762 | CHINA UNICOM | AA Div | R Ratios |

2020 | ANTA SPORTS | AA Div | R Ratios |

12 | HENDERSON LAND | AA Div | R Ratios |

1177 | SINO BIOPHARM | AA Div | R Ratios |

2888 | STANCHART | AA Div | R Ratios |

384 | CHINA GAS HOLD | AA Div | R Ratios |

2313 | SHENZHOU INTL | AA Div | R Ratios |

1972 | SWIREPROPERTIES | AA Div | R Ratios |

1038 | CKI HOLDINGS | AA Div | R Ratios |

6186 | CHINA FEIHE | AA Div | R Ratios |

2382 | SUNNY OPTICAL | AA Div | R Ratios |

291 | CHINA RES BEER | AA Div | R Ratios |

2628 | CHINA LIFE | AA Div | R Ratios |

6808 | SUNART RETAIL | AA Div | R Ratios |

20 | WHEELOCK | AA Div | R Ratios |

288 | WH GROUP | AA Div | R Ratios |

6 | POWER ASSETS | AA Div | R Ratios |

2319 | MENGNIU DAIRY | AA Div | R Ratios |

1093 | CSPC PHARMA | AA Div | R Ratios |

813 | SHIMAO PROPERTY | AA Div | R Ratios |

669 | TECHTRONIC IND | AA Div | R Ratios |

175 | GEELY AUTO | AA Div | R Ratios |

270 | GUANGDONG INV | AA Div | R Ratios |

386 | SINOPEC CORP | AA Div | R Ratios |

1288 | ABC | AA Div | R Ratios |

1658 | PSBC | AA Div | R Ratios |

2688 | ENN ENERGY | AA Div | R Ratios |

17 | NEW WORLD DEV | AA Div | R Ratios |

1997 | WHARF REIC | AA Div | R Ratios |

6098 | CG SERVICES | AA Div | R Ratios |

1193 | CHINA RES GAS | AA Div | R Ratios |

6823 | HKT-SS | AA Div | R Ratios |

656 | FOSUN INTL | AA Div | R Ratios |

788 | CHINA TOWER | AA Div | R Ratios |

1044 | HENGAN INT’L | AA Div | R Ratios |

914 | CONCH CEMENT | AA Div | R Ratios |

322 | TINGYI | AA Div | R Ratios |

101 | HANG LUNG PPT | AA Div | R Ratios |

151 | WANT WANT CHINA | AA Div | R Ratios |

3380 | LOGAN PPT | AA Div | R Ratios |

2638 | HKELECTRIC-SS | AA Div | R Ratios |

83 | SINO LAND | AA Div | R Ratios |

1913 | PRADA | AA Div | R Ratios |

1313 | CHINARES CEMENT | AA Div | R Ratios |

2601 | CPIC | AA Div | R Ratios |

881 | ZHONGSHENG HLDG | AA Div | R Ratios |

3799 | DALI FOODS | AA Div | R Ratios |

1128 | WYNN MACAU | AA Div | R Ratios |

586 | CONCH VENTURE | AA Div | R Ratios |

817 | CHINA JINMAO | AA Div | R Ratios |

1579 | YIHAI INTL | AA Div | R Ratios |

857 | PETROCHINA | AA Div | R Ratios |

1929 | CHOW TAI FOOK | AA Div | R Ratios |

2331 | LI NING | AA Div | R Ratios |

1169 | HAIER ELEC | AA Div | R Ratios |

998 | CITIC BANK | AA Div | R Ratios |

6110 | TOPSPORTS | AA Div | R Ratios |

2328 | PICC P&C | AA Div | R Ratios |

992 | LENOVO GROUP | AA Div | R Ratios |

23 | BANK OF E ASIA | AA Div | R Ratios |

1066 | WEIGAO GROUP | AA Div | R Ratios |

1088 | CHINA SHENHUA | AA Div | R Ratios |

1988 | MINSHENG BANK | AA Div | R Ratios |

884 | CIFI HOLD GP | AA Div | R Ratios |

2018 | AAC TECH | AA Div | R Ratios |

19 | SWIRE PACIFIC A | AA Div | R Ratios |

966 | CHINA TAIPING | AA Div | R Ratios |

247 | TST PROPERTIES | AA Div | R Ratios |

4 | WHARF HOLDINGS | AA Div | R Ratios |

1030 | SEAZEN | AA Div | R Ratios |

836 | CHINA RES POWER | AA Div | R Ratios |

3808 | SINOTRUK | AA Div | R Ratios |

880 | SJM HOLDINGS | AA Div | R Ratios |

2202 | CHINA VANKE | AA Div | R Ratios |

135 | KUNLUN ENERGY | AA Div | R Ratios |

3918 | NAGACORP | AA Div | R Ratios |

6818 | CEB BANK | AA Div | R Ratios |

467 | UNITEDENERGY GP | AA Div | R Ratios |

1813 | KWG GROUP | AA Div | R Ratios |

968 | XINYI SOLAR | AA Div | R Ratios |

3323 | CNBM | AA Div | R Ratios |

728 | CHINA TELECOM | AA Div | R Ratios |

293 | CATHAY PAC AIR | AA Div | R Ratios |

868 | XINYI GLASS | AA Div | R Ratios |

53 | GUOCO GROUP | AA Div | R Ratios |

8 | PCCW | AA Div | R Ratios |

392 | BEIJING ENT | AA Div | R Ratios |

2689 | ND PAPER | AA Div | R Ratios |

2588 | BOC AVIATION | AA Div | R Ratios |

268 | KINGDEE INT’L | AA Div | R Ratios |

2282 | MGM CHINA | AA Div | R Ratios |

220 | U-PRESID CHINA | AA Div | R Ratios |

3888 | KINGSOFT | AA Div | R Ratios |

3383 | AGILE GROUP | AA Div | R Ratios |

6030 | CITIC SEC | AA Div | R Ratios |

1114 | BRILLIANCE CHI | AA Div | R Ratios |

522 | ASM PACIFIC | AA Div | R Ratios |

683 | KERRY PPT | AA Div | R Ratios |

659 | NWS HOLDINGS | AA Div | R Ratios |

144 | CHINA MER PORT | AA Div | R Ratios |

1378 | CHINAHONGQIAO | AA Div | R Ratios |

2128 | CHINA LESSO | AA Div | R Ratios |

152 | SHENZHEN INT’L | AA Div | R Ratios |

3311 | CHINA STATE CON | AA Div | R Ratios |

3320 | CHINARES PHARMA | AA Div | R Ratios |

371 | BJ ENT WATER | AA Div | R Ratios |

345 | VITASOY INT’L | AA Div | R Ratios |

853 | MICROPORT | AA Div | R Ratios |

168 | TSINGTAO BREW | AA Div | R Ratios |

257 | CHINA EB INT’L | AA Div | R Ratios |

14 | HYSAN DEV | AA Div | R Ratios |

2669 | CHINA OVS PPT | AA Div | R Ratios |

2338 | WEICHAI POWER | AA Div | R Ratios |

1099 | SINOPHARM | AA Div | R Ratios |

1233 | TIMES CHINA | AA Div | R Ratios |

667 | CHINA EAST EDU | AA Div | R Ratios |

1336 | NCI | AA Div | R Ratios |

87 | SWIRE PACIFIC B | AA Div | R Ratios |

2869 | GREENTOWN SER | AA Div | R Ratios |

3990 | MIDEA REAL EST | AA Div | R Ratios |

3883 | CHINA AOYUAN | AA Div | R Ratios |

3360 | FE HORIZON | AA Div | R Ratios |

10 | HANG LUNG GROUP | AA Div | R Ratios |

1800 | CHINA COMM CONS | AA Div | R Ratios |

3331 | VINDA INT’L | AA Div | R Ratios |

867 | CMS | AA Div | R Ratios |

1691 | JS GLOBAL LIFE | AA Div | R Ratios |

753 | AIR CHINA | AA Div | R Ratios |

123 | YUEXIU PROPERTY | AA Div | R Ratios |

1882 | HAITIAN INT’L | AA Div | R Ratios |

1789 | AK MEDICAL | AA Div | R Ratios |

1888 | KB LAMINATES | AA Div | R Ratios |

1339 | PICC GROUP | AA Div | R Ratios |

1951 | JXR | AA Div | R Ratios |

148 | KINGBOARD HLDG | AA Div | R Ratios |

604 | SHENZHEN INVEST | AA Div | R Ratios |

839 | CHINA EDU GROUP | AA Div | R Ratios |

6158 | ZHENRO PPT | AA Div | R Ratios |

2314 | LEE & MAN PAPER | AA Div | R Ratios |

6886 | HTSC | AA Div | R Ratios |

316 | OOIL | AA Div | R Ratios |

551 | YUE YUEN IND | AA Div | R Ratios |

69 | SHANGRI-LA ASIA | AA Div | R Ratios |

535 | GEMDALE PPT | AA Div | R Ratios |

2772 | ZHONGLIANG HLDG | AA Div | R Ratios |

1816 | CGN POWER | AA Div | R Ratios |

3998 | BOSIDENG | AA Div | R Ratios |

1238 | POWERLONG | AA Div | R Ratios |

1717 | AUSNUTRIA | AA Div | R Ratios |

6169 | YUHUA EDU | AA Div | R Ratios |

1359 | CHINA CINDA | AA Div | R Ratios |

2238 | GAC GROUP | AA Div | R Ratios |

165 | CHINA EB LTD | AA Div | R Ratios |

1112 | H&H INTL HLDG | AA Div | R Ratios |

1308 | SITC | AA Div | R Ratios |

200 | MELCO INT’L DEV | AA Div | R Ratios |

2899 | ZIJIN MINING | AA Div | R Ratios |

390 | CHINA RAILWAY | AA Div | R Ratios |

2357 | AVICHINA | AA Div | R Ratios |

2005 | SSY GROUP | AA Div | R Ratios |

1638 | KAISA GROUP | AA Div | R Ratios |

973 | L’OCCITANE | AA Div | R Ratios |

636 | KERRY LOG NET | AA Div | R Ratios |

763 | ZTE | AA Div | R Ratios |

1186 | CHINA RAIL CONS | AA Div | R Ratios |

2359 | WUXI APPTEC | AA Div | R Ratios |

1766 | CRRC | AA Div | R Ratios |

3319 | A-LIVING | AA Div | R Ratios |

1999 | MAN WAH HLDGS | AA Div | R Ratios |

1310 | HKBN | AA Div | R Ratios |

6288 | FAST RETAIL-DRS | AA Div | R Ratios |

570 | TRAD CHI MED | AA Div | R Ratios |

1628 | YUZHOU PPT | AA Div | R Ratios |

81 | CH OVS G OCEANS | AA Div | R Ratios |

512 | CHINAGRANDPHARM | AA Div | R Ratios |

41 | GREAT EAGLE H | AA Div | R Ratios |

3900 | GREENTOWN CHINA | AA Div | R Ratios |

2016 | CZBANK | AA Div | R Ratios |

2611 | GTJA | AA Div | R Ratios |

1268 | MEIDONG AUTO | AA Div | R Ratios |

3377 | SINO-OCEAN GP | AA Div | R Ratios |

754 | HOPSON DEV HOLD | AA Div | R Ratios |

3668 | YANCOAL AUS | AA Div | R Ratios |

1448 | FU SHOU YUAN | AA Div | R Ratios |

1995 | EVERSUNSHINE LS | AA Div | R Ratios |

3633 | ZHONGYU GAS | AA Div | R Ratios |

2380 | CHINA POWER | AA Div | R Ratios |

1755 | S-ENJOY SERVICE | AA Div | R Ratios |

2196 | FOSUN PHARMA | AA Div | R Ratios |

2103 | SINIC HOLDINGS | AA Div | R Ratios |

1966 | CHINA SCE GROUP | AA Div | R Ratios |

670 | CHINA EAST AIR | AA Div | R Ratios |

1776 | GF SEC | AA Div | R Ratios |

43 | C.P. POKPHAND | AA Div | R Ratios |

3868 | XINYI ENERGY | AA Div | R Ratios |

1243 | WANG ON PPT | AA Div | R Ratios |

303 | VTECH HOLDINGS | AA Div | R Ratios |

552 | CHINACOMSERVICE | AA Div | R Ratios |

6881 | CGS | AA Div | R Ratios |

2039 | CIMC | AA Div | R Ratios |

3301 | RONSHINECHINA | AA Div | R Ratios |

743 | ASIA CEMENT CH | AA Div | R Ratios |

489 | DONGFENG GROUP | AA Div | R Ratios |

363 | SHANGHAI IND H | AA Div | R Ratios |

902 | HUANENG POWER | AA Div | R Ratios |

916 | CHINA LONGYUAN | AA Div | R Ratios |

2777 | R&F PROPERTIES | AA Div | R Ratios |

631 | SANY INT’L | AA Div | R Ratios |

696 | TRAVELSKY TECH | AA Div | R Ratios |

3898 | CRRC TIMES ELEC | AA Div | R Ratios |

3308 | GOLDEN EAGLE | AA Div | R Ratios |

1908 | C&D INTL GROUP | AA Div | R Ratios |

2607 | SH PHARMA | AA Div | R Ratios |

2768 | JIAYUAN INTL | AA Div | R Ratios |

1199 | COSCO SHIP PORT | AA Div | R Ratios |

1622 | REDCO GROUP | AA Div | R Ratios |

3396 | LEGENDHOLDING | AA Div | R Ratios |

2186 | LUYE PHARMA | AA Div | R Ratios |

3933 | UNITED LAB | AA Div | R Ratios |

179 | JOHNSON ELEC H | AA Div | R Ratios |

1686 | SUNEVISION | AA Div | R Ratios |

1171 | YANZHOU COAL | AA Div | R Ratios |

1765 | HOPE EDU | AA Div | R Ratios |

45 | HK&S HOTELS | AA Div | R Ratios |

777 | NETDRAGON | AA Div | R Ratios |

6049 | POLY PPT DEV | AA Div | R Ratios |

95 | LVGEM CHINA | AA Div | R Ratios |

2883 | CHINA OILFIELD | AA Div | R Ratios |

832 | CENTRAL CHINA | AA Div | R Ratios |

354 | CHINASOFT INT’L | AA Div | R Ratios |

1458 | ZHOU HEI YA | AA Div | R Ratios |

358 | JIANGXI COPPER | AA Div | R Ratios |

1083 | TOWNGAS CHINA | AA Div | R Ratios |

6055 | CTIHK | AA Div | R Ratios |

272 | SHUI ON LAND | AA Div | R Ratios |

3339 | LONKING | AA Div | R Ratios |

9968 | HUIJING HLDGS | AA Div | R Ratios |

1478 | Q TECH | AA Div | R Ratios |

173 | K. WAH INT’L | AA Div | R Ratios |

2356 | DAHSING BANKING | AA Div | R Ratios |

665 | HAITONG INT’L | AA Div | R Ratios |

1333 | CHINA ZHONGWANG | AA Div | R Ratios |

1788 | GUOTAI JUNAN I | AA Div | R Ratios |

1316 | NEXTEER | AA Div | R Ratios |

34 | KOWLOON DEV | AA Div | R Ratios |

1111 | CHONG HING BANK | AA Div | R Ratios |

1883 | CITIC TELECOM | AA Div | R Ratios |

3698 | HUISHANG BANK | AA Div | R Ratios |

694 | BEIJING AIRPORT | AA Div | R Ratios |

119 | POLY PROPERTY | AA Div | R Ratios |

Suspended56 | ALLIED PPT (HK) | AA Div | R Ratios |

71 | MIRAMAR HOTEL | AA Div | R Ratios |

2048 | E-HOUSE ENT | AA Div | R Ratios |

1513 | LIVZON PHARMA | AA Div | R Ratios |

855 | CHINA WATER | AA Div | R Ratios |

1212 | LIFESTYLE INT’L | AA Div | R Ratios |

3613 | TONGRENTANGCM | AA Div | R Ratios |

3993 | CMOC | AA Div | R Ratios |

2989 | SHOUGANG INT’L | AA Div | R Ratios |

341 | CAFE DE CORAL H | AA Div | R Ratios |

590 | LUK FOOK HOLD | AA Div | R Ratios |

3866 | BQD | AA Div | R Ratios |

1898 | CHINA COAL | AA Div | R Ratios |

207 | JOY CITY PPT | AA Div | R Ratios |

1907 | CHINA RISUN GP | AA Div | R Ratios |

1818 | ZHAOJIN MINING | AA Div | R Ratios |

775 | CKLIFE SCIENCES | AA Div | R Ratios |

336 | HUABAO INTL | AA Div | R Ratios |

494 | LI & FUNG | AA Div | R Ratios |

1098 | ROAD KING INFRA | AA Div | R Ratios |

80737 | BAY AREA DEV-R | AA Div | R Ratios |

581 | CHINA ORIENTAL | AA Div | R Ratios |

737 | BAY AREA DEV | AA Div | R Ratios |

1890 | CHINA KEPEI | AA Div | R Ratios |

1992 | FOSUN TOURISM | AA Div | R Ratios |

1031 | KINGSTON FIN | AA Div | R Ratios |

1777 | FANTASIA | AA Div | R Ratios |

2342 | COMBA | AA Div | R Ratios |

1070 | TCL ELECTRONICS | AA Div | R Ratios |

337 | GREENLAND HK | AA Div | R Ratios |

2019 | DEXIN CHINA | AA Div | R Ratios |

1996 | RSUN PPT | AA Div | R Ratios |

1381 | CANVEST ENV | AA Div | R Ratios |

1052 | YUEXIUTRANSPORT | AA Div | R Ratios |

242 | SHUN TAK HOLD | AA Div | R Ratios |

9909 | POWERLONG CM | AA Div | R Ratios |

2666 | UNI MEDICAL | AA Div | R Ratios |

1958 | BAIC MOTOR | AA Div | R Ratios |

1905 | HAITONG UT | AA Div | R Ratios |

1558 | HEC PHARM | AA Div | R Ratios |

6066 | CSC | AA Div | R Ratios |

59 | SKYFAME REALTY | AA Div | R Ratios |

639 | SHOUGANG RES | AA Div | R Ratios |

3618 | CQRC BANK | AA Div | R Ratios |

819 | TIANNENG POWER | AA Div | R Ratios |

576 | ZHEJIANGEXPRESS | AA Div | R Ratios |

62 | TRANSPORT INT’L | AA Div | R Ratios |

440 | DAH SING | AA Div | R Ratios |

3969 | CHINA CRSC | AA Div | R Ratios |

1675 | ASIAINFO TECH | AA Div | R Ratios |

1568 | SUNDART HLDGS | AA Div | R Ratios |

658 | C TRANSMISSION | AA Div | R Ratios |

506 | CHINA FOODS | AA Div | R Ratios |

3759 | PHARMARON | AA Div | R Ratios |

3996 | CH ENERGY ENG | AA Div | R Ratios |

1608 | VPOWER GROUP | AA Div | R Ratios |

520 | XIABUXIABU | AA Div | R Ratios |

460 | SIHUAN PHARM | AA Div | R Ratios |

3899 | CIMC ENRIC | AA Div | R Ratios |

2233 | WESTCHINACEMENT | AA Div | R Ratios |

1873 | VIVA BIOTECH | AA Div | R Ratios |

934 | SINOPEC KANTONS | AA Div | R Ratios |

338 | SHANGHAI PECHEM | AA Div | R Ratios |

189 | DONGYUE GROUP | AA Div | R Ratios |

1317 | MAPLELEAF EDU | AA Div | R Ratios |

1475 | NISSIN FOODS | AA Div | R Ratios |

1773 | TIANLI EDU | AA Div | R Ratios |

1224 | C C LAND | AA Div | R Ratios |

127 | CHINESE EST H | AA Div | R Ratios |

991 | DATANG POWER | AA Div | R Ratios |

1257 | CEB GREENTECH | AA Div | R Ratios |

1141 | CMBC CAPITAL | AA Div | R Ratios |

1836 | STELLA HOLDINGS | AA Div | R Ratios |

Suspended373 | ALLIED GROUP | AA Div | R Ratios |

1551 | GRCB | AA Div | R Ratios |

806 | VALUE PARTNERS | AA Div | R Ratios |

546 | FUFENG GROUP | AA Div | R Ratios |

35 | FE CONSORT INTL | AA Div | R Ratios |

3877 | CSSC SHIPPING | AA Div | R Ratios |

215 | HUTCHTEL HK | AA Div | R Ratios |

826 | TIANGONG INT’L | AA Div | R Ratios |

1368 | XTEP INT’L | AA Div | R Ratios |

142 | FIRST PACIFIC | AA Div | R Ratios |

302 | CMGE | AA Div | R Ratios |

2362 | JINCHUAN INTL | AA Div | R Ratios |

978 | CHI MER LAND | AA Div | R Ratios |

1911 | CR HOLDINGS | AA Div | R Ratios |

2727 | SH ELECTRIC | AA Div | R Ratios |

6868 | TENFU | AA Div | R Ratios |

86 | SUN HUNG KAI CO | AA Div | R Ratios |

1508 | CHINA RE | AA Div | R Ratios |

369 | WING TAI PPT | AA Div | R Ratios |

1963 | BCQ | AA Div | R Ratios |

1860 | MOBVISTA | AA Div | R Ratios |

548 | SHENZHENEXPRESS | AA Div | R Ratios |

9928 | TIMES NEIGHBOR | AA Div | R Ratios |

2329 | GUORUI PPT | AA Div | R Ratios |

2232 | CRYSTAL INTL | AA Div | R Ratios |

6889 | DYNAM JAPAN | AA Div | R Ratios |

1138 | COSCO SHIP ENGY | AA Div | R Ratios |

861 | DC HOLDINGS | AA Div | R Ratios |

2208 | GOLDWIND | AA Div | R Ratios |

105 | ASSO INT HOTELS | AA Div | R Ratios |

1668 | CHINASOUTHCITY | AA Div | R Ratios |

799 | IGG | AA Div | R Ratios |

1515 | CR MEDICAL | AA Div | R Ratios |

51 | HARBOUR CENTRE | AA Div | R Ratios |

6069 | SHENGYE CAPITAL | AA Div | R Ratios |

1578 | BANK OF TIANJIN | AA Div | R Ratios |

1600 | TIAN LUN GAS | AA Div | R Ratios |

315 | SMARTONE TELE | AA Div | R Ratios |

1234 | CHINA LILANG | AA Div | R Ratios |

6820 | FRIENDTIMES | AA Div | R Ratios |

The post Updated List of HKEX-Listed Stocks With Dividend And Ratio Links appeared first on GFM Asset Management.

]]>The post Echoes From Peter Lynch’s 2002 Interview with Louis Rukeyser appeared first on GFM Asset Management.

]]>For anyone who wondered how Peter Lynch’s call of stocks outperforming 4.7% bonds over the following 10 years, here is a chart of how the two over the 10 years starting the following month of July 2002, when the iShares 7-10 year US treasury ETF tracking those bonds launched:

The post Echoes From Peter Lynch’s 2002 Interview with Louis Rukeyser appeared first on GFM Asset Management.

]]>The post Comparing Market Crashes: 2020 vs 1929, 1987, 2000 and 2008 appeared first on GFM Asset Management.

]]>Below, I am sharing three of my recent articles:

1. How the crash of 2020 compares with the crashes of 1929, 1987, 2000, and 2009

3. An explanation on why buybacks aren’t “bad”, but rather the best alternative to paying a dividend when a company finds it better to shrink in order to maintain high profitability ratios, rather than try and stay big and become less profitable. The example I use over this past decade is McDonald’s.

The post Comparing Market Crashes: 2020 vs 1929, 1987, 2000 and 2008 appeared first on GFM Asset Management.

]]>The post Coronavirus map links appeared first on GFM Asset Management.

]]>Update, on March 9th, my closest friend was kind enough to share this list of sources from MIT Technology Review, which includes some of the ones already in this page, plus a few more:

- NextStrain – technical, but detailed
- Singapore’s UpCode site

Channel News Asia also has this map, which doesn’t break down cases by the different mainland Chinese provinces, but is simpler to read for a high level view of cases and deaths by country.

Specific to Hong Kong, the government has made this arcGis-based HK coronavirus map showing far more local detail on cases here, and just as importantly, details on hospital waiting times and which border checkpoints are open or closed.

Singapore also has very detailed data reporting on covid-19 cases, with this map showing a traceback network when you click on each case.

Thank you to my Facebook friends who helped me put together these links, and hope you find it as useful as I do to have these links on one public and easy to access page. Please feel free to send me more links you think I should include and I can update this page accordingly.

Stay safe, and please remember to thoroughly wash your hands!

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]]>The post Vanguard Personal Pension Launches in the UK – Best Low-Cost SIPP Provider? appeared first on GFM Asset Management.

]]>I should add the reminder to this post that we are not FCA regulated, nor in any other way licensed to provide investment advice to UK residents, but we do serve many British clients living in Hong Kong and around Asia, and are ready to answer questions about how this Vanguard SIPP solution compares with other pension platforms. Unfortunately, it seems that to transfer your UK pension into the Vanguard SIPP, you must be a UK tax resident at the time, so it seems like this might not be an option for expat Brits at the moment. That said, the Vanguard SIPP fee starts at 0.15% with a cap of £375, so for accounts above that cap (£250,000 balance), the fee starts looking not that different from some of the fixed-fee SIPP platforms we’ve looked at that can handle transfers of onshore UK pensions to onshore SIPPs for expat Brits, without being limited to the Vanguard investment options.

On the investment options, the Vanguard SIPP does seem to be limited to a selection of 77 funds, which is limited, but there are a few very good ones I feel are worth pointing out on a “public list” (again, **this is FYI, not advice**):

- FTSE Global All Cap Index Fund – one of the lowest cost all-world UCITS tracker funds covering almost 6,500 global stocks for 23bp
- Global Value Factor UCITS ETF – oddly enough, it costs slightly less to get this “active” global portfolio with a value tilt. Tilts towards momentum, low volatility, liquidity, or small caps are also available
- FTSE Emerging Markets UCITS ETF – since I do not believe the Global All-Cap allocates enough to emerging markets, I would add a fund like this as a supplement
- For bond exposure, there is the Gilts ETF, and also hedged bond funds providing access to US treasuries and Japanese government bonds which seem to be hedged back into pounds sterling.

The biggest difference this list is likely to have from those of many UK-focused advisors is that we do not see the need for any UK-specific funds. If it’s cheap enough to go global, invest globally, and if you see a good investment opportunity in the UK, do that directly in an account outside Vanguard rather than through a UK-limited fund.

Our current view is that it does not make sense to allocate much to corporate bonds (a large part of many “aggregate” bond funds), high yield, or many EM bond funds, but that of course may change. Government bonds, hedged back to your currency, tend to provide a good offset to factors that tend to upset stock markets.

Hopefully this news was useful, and can help save someone you know some £££ on their UK pension fees.

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]]>The post Dividends vs Buybacks Since 1982 appeared first on GFM Asset Management.

]]>Today, I wanted to share this insightful image tweeted by Morningstar, showing the relative percentage of firms that only return cash to shareholders through dividends, versus companies that use only buybacks or a combination of dividends and buybacks. Back before 1982, a dividend was the traditional way companies distributed profits to shareholders, and dividends were what investors traditionally expected for the risk of owning stocks. In 1982, SEC rule 10b-18 specified “safe harbor” rules for companies to buy back shares and not be liable for stock manipulation. Over the following 15 years, the percentage of companies paying dividends but not buying back shares seems to have fallen to less than one quarter of the number of companies using dividends alongside buybacks, or in some cases, buybacks alone. Although many seem to consider this a mostly US phenomenon, I also see significant buyback activity in many other markets including Japan, Europe, and even many emerging markets. Buybacks are sometimes considered a tax move, since it increases the share of the company owned by remaining shareholders without forcing them to take an often taxable dividend, but in theory also means that the company believes its own shares are relatively undervalued. That is why I generally like investing in companies that are both able and willing to buy back their own shares, and place buybacks as a valuable “dividend alternative” between the more traditional “pure dividend” payers and “compounders”.

Two more interesting pieces of reading this week I find related and worth mentioning here:

1. I was pleased to be introduced to the author of the book “Back to Business“, which seems to look at an alternative to modern portfolio theory more centered on dividends than on stock price fluctuations. I look forward to reading this book, and

2. On the topic of Tesla’s recent share price surge and issuance of another $2 billion in TSLA shares (this is the opposite of a buyback, and I have often criticized Tesla for making more money from selling its shares to investors than from selling cars to customers), I was kindly forwarded this article on the history of short squeezes.

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]]>The post Singapore ETFs 101 Webinar on March 9th appeared first on GFM Asset Management.

]]>My next webinar on March 9th is specially tailored for Singapore-based investors, providing a 101 introduction to the Singapore listed ETF market, how it compares with other ETF markets around the world, and how to build a globally diversified portfolio with local ETFs. Register here: https://www.sgxacademy.com/event/webinar-etfs-101-how-to-invest-like-the-worlds-top-pension-funds/

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