The post Roth IRA Conversion Calculator appeared first on GFM Asset Management.

]]>- You have a certain amount in a traditional IRA or 401(k) you are considering for a Roth conversion. This can be part of one account or the sum of several accounts.
- The “basis” is what percentage of the account balance was made up of post-tax or non-deductible IRA contributions. This would be zero for IRA or 401(k) accounts you were able to fully deduct.
- We assume a single blended tax rate on the amount you would be converting. This makes the math simpler than trying to figure out the actual brackets for your specific conversion, but means you could be paying a very different amount of tax on the conversion than we estimate here. This simple calculator also does not prevent you from assuming, say, an unrealistic 0% tax rate on a $1 million conversion.
- We assume you would be paying the tax on the Roth conversion from other money you have outside of IRA accounts. To make this apples-to-apples with not converting, we assume you would be able to instead put the same amount of money next year into a traditional or SEP IRA or other tax-deferred account, even if that’s not possible. This understates another advantage of the Roth in that it basically lets you save more money, given how pre-tax and post-tax limits are currently equal.
- We assume you start drawing from the account at the IRS’s current required minimum distribution (RMD) rate starting in December of the year you turn age 70 1/2 (using the table that assumes you do not have a spouse 10 years or more younger than you). Even though Roth IRAs have the enormous advantage of not having an RMD requirement (during your lifetime that is; after you die, your heirs must start taking them), we assume you’d make the same net-of-tax withdrawals to keep the comparison apples-to-apples.
- We ignore any additional benefits the Roth IRA may provide in not raising your adjusted gross income (AGI) with withdrawals, under current law.
- We assume a constant average marginal tax rate on these RMD withdrawals every year you would take them from the non-converted IRA.
- We assume the same rate of return on your investments in the account every year, whether you convert or not.

In general, it makes the most sense to convert when you believe the current rate of tax you would pay on the conversion would be less than your marginal tax rate in retirement, though there are cases where a Roth conversion wins even with a lower future tax bracket. In the default case below, a 45 year old converting at a 35% tax bracket would have more in the Roth than the Traditional by age 98 even with a 30% retirement tax bracket, because not having to withdraw the amount going to tax leaves more money in the IRA to compound at 6%. As always, **this blog post and the below calculator are for illustration and discussion purposes only, and are not tax advice of any kind.**

Current age: | |

Considered Roth conversion amount: | |

Expected average tax rate on this Roth conversion (often your marginal tax bracket): | |

What percentage of this IRA have you already paid tax on? (AKA your “basis” for any non-deductible IRA contributions): | |

Expected tax bracket in retirement: | |

Rate of investment return (%): | |

Saving now vs later: which adds up to more? |

Age | Base | PlusOne |

45 | 100 | 101 |

October 15th usually signals the start of the season to start looking at year-end planning for the 2018 US tax year, including this checklist of questions US taxpayers overseas should ask at least once a year. This post focuses on the question of Roth IRA conversions, as October 15th 2018 marks the last day Americans will be able to do recharacterize a 2017 conversion, as the the most recent tax bill (the “Tax Cuts and Jobs Act of 2017” or TCJA) makes 2018 and future Roth conversions irreversible. Hopefully this Roth IRA conversion calculator is a useful tool, if so, please do leave a comment below.

The post Roth IRA Conversion Calculator appeared first on GFM Asset Management.

]]>The post Saving now vs later: Calculating the difference appeared first on GFM Asset Management.

]]>- You start with zero savings.
- Scenario 1 is saving for a few years between now and “later”, vs saving for all the years between “later” and the finish line in scenario 2.
- You earn exactly the same real rate of return every year with no volatility in your investments.

Current Age: | |

Amount saved annually: | |

Number of years between now and “later”: | |

Number of years from “later” to the “finish line”: | |

Real Rate of investment return (%): | |

Saving now vs later: which adds up to more? |

Age | Base | PlusOne |

45 | 100 | 101 |

The post Saving now vs later: Calculating the difference appeared first on GFM Asset Management.

]]>The post Simple retirement calculator appeared first on GFM Asset Management.

]]>- You save the same amount every year between now and retirement.
- You draw the same amount every year in retirement.
- All numbers are assumed to be adjusted for inflation to current dollars, so the assumed rate of return is a “real” (after inflation) rate of return.
- You earn exactly the same real rate of return every year with no volatility in your investments.

Current Age: | |

Retirement Age: | |

Initial amount invested: | |

Annual amount invested until retirement: | |

Annual withdrawal in retirement: | |

Real Rate of investment return (%): | |

How much will be left at age 100? |

Age | Base | PlusOne |

45 | 100 | 101 |

The post Simple retirement calculator appeared first on GFM Asset Management.

]]>The post Better than Transferwise: Saving Thousands on International Transfers with an Interactive Brokers account appeared first on GFM Asset Management.

]]>While many individuals may find transferring money this way more complicated than simply doing a wire transfer at a bank, I find the savings well worth the hassle whenever I’m transferring more than about US$5,000-10,000, where this method would save me around US$50-100 in fees versus a bank. As shown in the headline image, the breakeven amount vs Transferwise may be higher, as I show the example of transferring HK$1,000,000 from Hong Kong to the US, for which Transferwise charges about HK$4,000 (about US$500), while I would expect the same transfer would cost less than around US$25 through my IB account, assuming no extra bank fees on either side.

In order to transfer money internationally through Interactive Brokers, you would need the following three accounts, which importantly must all be **in the same name**:

- An Interactive Brokers account
- A local bank account in the source country, and
- A local bank account in the destination country

For example, if I want to transfer money from Hong Kong to the US, I would need a Hong Kong bank account and a US bank account, both in the same name as my IB account. The steps to do the transfer are:

- Log into your Interactive Brokers account submit a deposit notification to transfer money from your source account to Interactive Brokers. In most cases, you will then need to go to your bank to actually send the transfer to IB matching the notification.
- Within your IB account, convert the source currency into your destination currency (as described in this earlier post). If you are converting between two currencies other than US dollars or Euros (for example, from Hong Kong dollars to British pounds), you will often need to do two currency conversions, say from HKD into USD, then from USD into GBP, but both at interbank rates.
- Finally, submit a withdrawal request from your Interactive Brokers account to your destination account in your destination currency.

While the financial purist in me finds these steps far better than Transferwise in terms of overall cost, I admit there is room for improvement as far as user friendliness or being able to transfer to different name accounts. This is where I’d be curious to see how far Fintech solutions can go.

I am less often asked, but the same above steps can also be done through a Saxo account. Saxo’s FX rates are still more expensive than IB’s in my experience, though still better than Transferwise in terms of overall cost.

The post Better than Transferwise: Saving Thousands on International Transfers with an Interactive Brokers account appeared first on GFM Asset Management.

]]>The post Hong Kong Stocks Cheatsheet: Hang Seng Index Member Data Links appeared first on GFM Asset Management.

]]>- A – About the company and its stock
- B – Buybacks
- C – Cash flows
- D – Dividends
- P – Peers
- R – Ratios, and
- S – Shareholders

I’ve created a few similar cheatsheets before, for example on Hong Kong REITs, and as before, this list is primarily for my own easy reference, though keen to hear from you find it useful as well.

Ticker | Name | A | B | C | D | P | R | S |

5 | HSBC HOLDINGS | A | B | C | D | P | R | S |

11 | HANG SENG BANK | A | B | C | D | P | R | S |

388 | HKEX | A | B | C | D | P | R | S |

939 | CCB | A | B | C | D | P | R | S |

1299 | AIA | A | B | C | D | P | R | S |

1398 | ICBC | A | B | C | D | P | R | S |

2318 | PING AN | A | B | C | D | P | R | S |

2388 | BOC HONG KONG | A | B | C | D | P | R | S |

2628 | CHINA LIFE | A | B | C | D | P | R | S |

3328 | BANKCOMM | A | B | C | D | P | R | S |

3988 | BANK OF CHINA | A | B | C | D | P | R | S |

2 | CLP HOLDINGS | A | B | C | D | P | R | S |

3 | HK & CHINA GAS | A | B | C | D | P | R | S |

6 | POWER ASSETS | A | B | C | D | P | R | S |

836 | CHINA RES POWER | A | B | C | D | P | R | S |

1038 | CKI HOLDINGS | A | B | C | D | P | R | S |

12 | HENDERSON LAND | A | B | C | D | P | R | S |

16 | SHK PPT | A | B | C | D | P | R | S |

17 | NEW WORLD DEV | A | B | C | D | P | R | S |

83 | SINO LAND | A | B | C | D | P | R | S |

101 | HANG LUNG PPT | A | B | C | D | P | R | S |

688 | CHINA OVERSEAS | A | B | C | D | P | R | S |

823 | LINK REIT | A | B | C | D | P | R | S |

1109 | CHINA RES LAND | A | B | C | D | P | R | S |

1113 | CK ASSET | A | B | C | D | P | R | S |

1997 | WHARF REIC | A | B | C | D | P | R | S |

2007 | COUNTRY GARDEN | A | B | C | D | P | R | S |

1 | CKH HOLDINGS | A | B | C | D | P | R | S |

19 | SWIRE PACIFIC A | A | B | C | D | P | R | S |

27 | GALAXY ENT | A | B | C | D | P | R | S |

66 | MTR CORPORATION | A | B | C | D | P | R | S |

151 | WANT WANT CHINA | A | B | C | D | P | R | S |

175 | GEELY AUTO | A | B | C | D | P | R | S |

267 | CITIC | A | B | C | D | P | R | S |

288 | WH GROUP | A | B | C | D | P | R | S |

386 | SINOPEC CORP | A | B | C | D | P | R | S |

700 | TENCENT | A | B | C | D | P | R | S |

762 | CHINA UNICOM | A | B | C | D | P | R | S |

857 | PETROCHINA | A | B | C | D | P | R | S |

883 | CNOOC | A | B | C | D | P | R | S |

941 | CHINA MOBILE | A | B | C | D | P | R | S |

1044 | HENGAN INT’L | A | B | C | D | P | R | S |

1088 | CHINA SHENHUA | A | B | C | D | P | R | S |

1093 | CSPC PHARMA | A | B | C | D | P | R | S |

1177 | SINO BIOPHARM | A | B | C | D | P | R | S |

1928 | SANDS CHINA LTD | A | B | C | D | P | R | S |

2018 | AAC TECH | A | B | C | D | P | R | S |

2313 | SHENZHOU INTL | A | B | C | D | P | R | S |

2319 | MENGNIU DAIRY | A | B | C | D | P | R | S |

2382 | SUNNY OPTICAL | A | B | C | D | P | R | S |

1 | CKH HOLDINGS | A | B | C | D | P | R | S |

2 | CLP HOLDINGS | A | B | C | D | P | R | S |

3 | HK & CHINA GAS | A | B | C | D | P | R | S |

4 | WHARF HOLDINGS | A | B | C | D | P | R | S |

5 | HSBC HOLDINGS | A | B | C | D | P | R | S |

6 | POWER ASSETS | A | B | C | D | P | R | S |

8 | PCCW | A | B | C | D | P | R | S |

10 | HANG LUNG GROUP | A | B | C | D | P | R | S |

11 | HANG SENG BANK | A | B | C | D | P | R | S |

12 | HENDERSON LAND | A | B | C | D | P | R | S |

14 | HYSAN DEV | A | B | C | D | P | R | S |

16 | SHK PPT | A | B | C | D | P | R | S |

17 | NEW WORLD DEV | A | B | C | D | P | R | S |

19 | SWIRE PACIFIC A | A | B | C | D | P | R | S |

20 | WHEELOCK | A | B | C | D | P | R | S |

23 | BANK OF E ASIA | A | B | C | D | P | R | S |

27 | GALAXY ENT | A | B | C | D | P | R | S |

45 | HK&S HOTELS | A | B | C | D | P | R | S |

52 | FAIRWOOD HOLD | A | B | C | D | P | R | S |

54 | HOPEWELL HOLD | A | B | C | D | P | R | S |

59 | SKYFAME REALTY | A | B | C | D | P | R | S |

66 | MTR CORPORATION | A | B | C | D | P | R | S |

69 | SHANGRI-LA ASIA | A | B | C | D | P | R | S |

78 | REGAL INT’L | A | B | C | D | P | R | S |

81 | CH OVS G OCEANS | A | B | C | D | P | R | S |

83 | SINO LAND | A | B | C | D | P | R | S |

86 | SUN HUNG KAI CO | A | B | C | D | P | R | S |

87 | SWIRE PACIFIC B | A | B | C | D | P | R | S |

95 | LVGEM CHINA | A | B | C | D | P | R | S |

101 | HANG LUNG PPT | A | B | C | D | P | R | S |

119 | POLY PROPERTY | A | B | C | D | P | R | S |

123 | YUEXIU PROPERTY | A | B | C | D | P | R | S |

127 | CHINESE EST H | A | B | C | D | P | R | S |

135 | KUNLUN ENERGY | A | B | C | D | P | R | S |

136 | HENGTEN NET | A | B | C | D | P | R | S |

142 | FIRST PACIFIC | A | B | C | D | P | R | S |

144 | CHINA MER PORT | A | B | C | D | P | R | S |

148 | KINGBOARD HLDG | A | B | C | D | P | R | S |

151 | WANT WANT CHINA | A | B | C | D | P | R | S |

152 | SHENZHEN INT’L | A | B | C | D | P | R | S |

163 | EMPEROR INT’L | A | B | C | D | P | R | S |

165 | CHINA EB LTD | A | B | C | D | P | R | S |

168 | TSINGTAO BREW | A | B | C | D | P | R | S |

173 | K. WAH INT’L | A | B | C | D | P | R | S |

175 | GEELY AUTO | A | B | C | D | P | R | S |

177 | JIANGSU EXPRESS | A | B | C | D | P | R | S |

178 | SA SA INT’L | A | B | C | D | P | R | S |

179 | JOHNSON ELEC H | A | B | C | D | P | R | S |

189 | DONGYUE GROUP | A | B | C | D | P | R | S |

198 | SMI HOLDINGS | A | B | C | D | P | R | S |

200 | MELCO INT’L DEV | A | B | C | D | P | R | S |

215 | HUTCHTEL HK | A | B | C | D | P | R | S |

220 | U-PRESID CHINA | A | B | C | D | P | R | S |

241 | ALI HEALTH | A | B | C | D | P | R | S |

242 | SHUN TAK HOLD | A | B | C | D | P | R | S |

256 | CITYCHAMP | A | B | C | D | P | R | S |

257 | CHINA EB INT’L | A | B | C | D | P | R | S |

267 | CITIC | A | B | C | D | P | R | S |

268 | KINGDEE INT’L | A | B | C | D | P | R | S |

270 | GUANGDONG INV | A | B | C | D | P | R | S |

272 | SHUI ON LAND | A | B | C | D | P | R | S |

279 | FREEMAN FINTECH | A | B | C | D | P | R | S |

285 | BYD ELECTRONIC | A | B | C | D | P | R | S |

288 | WH GROUP | A | B | C | D | P | R | S |

291 | CHINA RES BEER | A | B | C | D | P | R | S |

293 | CATHAY PAC AIR | A | B | C | D | P | R | S |

297 | SINOFERT | A | B | C | D | P | R | S |

303 | VTECH HOLDINGS | A | B | C | D | P | R | S |

308 | CHINA TRAVEL HK | A | B | C | D | P | R | S |

315 | SMARTONE TELE | A | B | C | D | P | R | S |

316 | OOIL | A | B | C | D | P | R | S |

317 | COMEC | A | B | C | D | P | R | S |

321 | TEXWINCA HOLD | A | B | C | D | P | R | S |

322 | TINGYI | A | B | C | D | P | R | S |

323 | MAANSHAN IRON | A | B | C | D | P | R | S |

327 | PAX GLOBAL | A | B | C | D | P | R | S |

330 | ESPRIT HOLDINGS | A | B | C | D | P | R | S |

336 | HUABAO INTL | A | B | C | D | P | R | S |

337 | GREENLAND HK | A | B | C | D | P | R | S |

338 | SHANGHAI PECHEM | A | B | C | D | P | R | S |

341 | CAFE DE CORAL H | A | B | C | D | P | R | S |

345 | VITASOY INT’L | A | B | C | D | P | R | S |

347 | ANGANG STEEL | A | B | C | D | P | R | S |

354 | CHINASOFT INT’L | A | B | C | D | P | R | S |

358 | JIANGXI COPPER | A | B | C | D | P | R | S |

363 | SHANGHAI IND H | A | B | C | D | P | R | S |

368 | SINOTRANS SHIP | A | B | C | D | P | R | S |

371 | BJ ENT WATER | A | B | C | D | P | R | S |

378 | FDG KINETIC | A | B | C | D | P | R | S |

384 | CHINA GAS HOLD | A | B | C | D | P | R | S |

386 | SINOPEC CORP | A | B | C | D | P | R | S |

388 | HKEX | A | B | C | D | P | R | S |

390 | CHINA RAILWAY | A | B | C | D | P | R | S |

392 | BEIJING ENT | A | B | C | D | P | R | S |

400 | COGOBUY | A | B | C | D | P | R | S |

405 | YUEXIU REIT | A | B | C | D | P | R | S |

410 | SOHO CHINA | A | B | C | D | P | R | S |

419 | HUAYI TENCENT | A | B | C | D | P | R | S |

425 | MINTH GROUP | A | B | C | D | P | R | S |

439 | KUANGCHI | A | B | C | D | P | R | S |

440 | DAH SING | A | B | C | D | P | R | S |

451 | GCL NEWENERGY | A | B | C | D | P | R | S |

460 | SIHUAN PHARM | A | B | C | D | P | R | S |

467 | UNITEDENERGY GP | A | B | C | D | P | R | S |

468 | GAPACK | A | B | C | D | P | R | S |

486 | RUSAL | A | B | C | D | P | R | S |

489 | DONGFENG GROUP | A | B | C | D | P | R | S |

493 | GOME RETAIL | A | B | C | D | P | R | S |

494 | LI & FUNG | A | B | C | D | P | R | S |

506 | CHINA FOODS | A | B | C | D | P | R | S |

508 | DINGYI GP INV | A | B | C | D | P | R | S |

511 | TVB | A | B | C | D | P | R | S |

512 | CHINAGRANDPHARM | A | B | C | D | P | R | S |

517 | COSCO SHIP INTL | A | B | C | D | P | R | S |

520 | XIABUXIABU | A | B | C | D | P | R | S |

521 | CWT INT’L | A | B | C | D | P | R | S |

522 | ASM PACIFIC | A | B | C | D | P | R | S |

525 | GUANGSHEN RAIL | A | B | C | D | P | R | S |

535 | GEMDALE PPT | A | B | C | D | P | R | S |

538 | AJISEN (CHINA) | A | B | C | D | P | R | S |

546 | FUFENG GROUP | A | B | C | D | P | R | S |

547 | DIGITAL DOMAIN | A | B | C | D | P | R | S |

548 | SHENZHENEXPRESS | A | B | C | D | P | R | S |

551 | YUE YUEN IND | A | B | C | D | P | R | S |

552 | CHINACOMSERVICE | A | B | C | D | P | R | S |

563 | SH IND URBAN | A | B | C | D | P | R | S |

570 | TRAD CHI MED | A | B | C | D | P | R | S |

576 | ZHEJIANGEXPRESS | A | B | C | D | P | R | S |

579 | JNCEC | A | B | C | D | P | R | S |

581 | CHINA ORIENTAL | A | B | C | D | P | R | S |

582 | LANDING INTL | A | B | C | D | P | R | S |

586 | CONCH VENTURE | A | B | C | D | P | R | S |

590 | LUK FOOK HOLD | A | B | C | D | P | R | S |

598 | SINOTRANS | A | B | C | D | P | R | S |

604 | SHENZHEN INVEST | A | B | C | D | P | R | S |

606 | CHINA AGRI | A | B | C | D | P | R | S |

607 | FULLSHARE | A | B | C | D | P | R | S |

612 | CHINA INV FUND | A | B | C | D | P | R | S |

631 | SANY INT’L | A | B | C | D | P | R | S |

636 | KERRY LOG NET | A | B | C | D | P | R | S |

639 | SHOUGANG RES | A | B | C | D | P | R | S |

656 | FOSUN INTL | A | B | C | D | P | R | S |

658 | C TRANSMISSION | A | B | C | D | P | R | S |

659 | NWS HOLDINGS | A | B | C | D | P | R | S |

665 | HAITONG INT’L | A | B | C | D | P | R | S |

669 | TECHTRONIC IND | A | B | C | D | P | R | S |

670 | CHINA EAST AIR | A | B | C | D | P | R | S |

683 | KERRY PPT | A | B | C | D | P | R | S |

686 | PANDA GREEN | A | B | C | D | P | R | S |

687 | HKICIM GROUP | A | B | C | D | P | R | S |

688 | CHINA OVERSEAS | A | B | C | D | P | R | S |

694 | BEIJING AIRPORT | A | B | C | D | P | R | S |

696 | TRAVELSKY TECH | A | B | C | D | P | R | S |

698 | TONGDA GROUP | A | B | C | D | P | R | S |

699 | CAR INC | A | B | C | D | P | R | S |

700 | TENCENT | A | B | C | D | P | R | S |

709 | GIORDANO INT’L | A | B | C | D | P | R | S |

717 | EMPEROR CAPITAL | A | B | C | D | P | R | S |

728 | CHINA TELECOM | A | B | C | D | P | R | S |

729 | FDG EVEHICLES | A | B | C | D | P | R | S |

732 | TRULY INT’L | A | B | C | D | P | R | S |

735 | CP CLEAN ENERGY | A | B | C | D | P | R | S |

737 | HOPEWELL INFR | A | B | C | D | P | R | S |

751 | SKYWORTHDIGITAL | A | B | C | D | P | R | S |

753 | AIR CHINA | A | B | C | D | P | R | S |

754 | HOPSON DEV HOLD | A | B | C | D | P | R | S |

762 | CHINA UNICOM | A | B | C | D | P | R | S |

763 | ZTE | A | B | C | D | P | R | S |

772 | CHINA LIT | A | B | C | D | P | R | S |

777 | NETDRAGON | A | B | C | D | P | R | S |

778 | FORTUNE REIT | A | B | C | D | P | R | S |

787 | GLOBAL BRANDS | A | B | C | D | P | R | S |

799 | IGG | A | B | C | D | P | R | S |

806 | VALUE PARTNERS | A | B | C | D | P | R | S |

808 | PROSPERITY REIT | A | B | C | D | P | R | S |

813 | SHIMAO PROPERTY | A | B | C | D | P | R | S |

816 | HUADIAN FUXIN | A | B | C | D | P | R | S |

817 | CHINA JINMAO | A | B | C | D | P | R | S |

818 | HI SUN TECH | A | B | C | D | P | R | S |

819 | TIANNENG POWER | A | B | C | D | P | R | S |

823 | LINK REIT | A | B | C | D | P | R | S |

832 | CENTRAL CHINA | A | B | C | D | P | R | S |

836 | CHINA RES POWER | A | B | C | D | P | R | S |

839 | CHINA EDU GROUP | A | B | C | D | P | R | S |

848 | MAOYE INT’L | A | B | C | D | P | R | S |

853 | MICROPORT | A | B | C | D | P | R | S |

855 | CHINA WATER | A | B | C | D | P | R | S |

857 | PETROCHINA | A | B | C | D | P | R | S |

860 | WE SOLUTIONS | A | B | C | D | P | R | S |

861 | DC HOLDINGS | A | B | C | D | P | R | S |

867 | CMS | A | B | C | D | P | R | S |

868 | XINYI GLASS | A | B | C | D | P | R | S |

874 | BAIYUNSHAN PH | A | B | C | D | P | R | S |

878 | SOUNDWILL HOLD | A | B | C | D | P | R | S |

880 | SJM HOLDINGS | A | B | C | D | P | R | S |

881 | ZHONGSHENG HLDG | A | B | C | D | P | R | S |

882 | TIANJIN DEV | A | B | C | D | P | R | S |

883 | CNOOC | A | B | C | D | P | R | S |

884 | CIFI HOLD GP | A | B | C | D | P | R | S |

885 | RENTIAN TECH | A | B | C | D | P | R | S |

902 | HUANENG POWER | A | B | C | D | P | R | S |

906 | COFCO PACKAGING | A | B | C | D | P | R | S |

914 | CONCH CEMENT | A | B | C | D | P | R | S |

916 | CHINA LONGYUAN | A | B | C | D | P | R | S |

931 | CHINA LNG | A | B | C | D | P | R | S |

934 | SINOPEC KANTONS | A | B | C | D | P | R | S |

939 | CCB | A | B | C | D | P | R | S |

941 | CHINA MOBILE | A | B | C | D | P | R | S |

950 | LEE’S PHARM | A | B | C | D | P | R | S |

951 | CHAOWEI POWER | A | B | C | D | P | R | S |

958 | HN RENEWABLES | A | B | C | D | P | R | S |

960 | LONGFOR GROUP | A | B | C | D | P | R | S |

966 | CHINA TAIPING | A | B | C | D | P | R | S |

968 | XINYI SOLAR | A | B | C | D | P | R | S |

973 | L’OCCITANE | A | B | C | D | P | R | S |

976 | CHIHO ENV | A | B | C | D | P | R | S |

978 | CHI MER LAND | A | B | C | D | P | R | S |

981 | SMIC | A | B | C | D | P | R | S |

989 | GROUND INTL DEV | A | B | C | D | P | R | S |

991 | DATANG POWER | A | B | C | D | P | R | S |

992 | LENOVO GROUP | A | B | C | D | P | R | S |

996 | CARNIVAL GROUP | A | B | C | D | P | R | S |

998 | CITIC BANK | A | B | C | D | P | R | S |

1028 | C.BANNER | A | B | C | D | P | R | S |

1030 | FUTURE LAND | A | B | C | D | P | R | S |

1038 | CKI HOLDINGS | A | B | C | D | P | R | S |

1044 | HENGAN INT’L | A | B | C | D | P | R | S |

1052 | YUEXIUTRANSPORT | A | B | C | D | P | R | S |

1055 | CHINA SOUTH AIR | A | B | C | D | P | R | S |

1060 | ALI PICTURES | A | B | C | D | P | R | S |

1066 | WEIGAO GROUP | A | B | C | D | P | R | S |

1070 | TCL ELECTRONICS | A | B | C | D | P | R | S |

1071 | HUADIAN POWER | A | B | C | D | P | R | S |

1083 | TOWNGAS CHINA | A | B | C | D | P | R | S |

1086 | GOODBABY INTL | A | B | C | D | P | R | S |

1088 | CHINA SHENHUA | A | B | C | D | P | R | S |

1089 | LEYOU TECH H | A | B | C | D | P | R | S |

1093 | CSPC PHARMA | A | B | C | D | P | R | S |

1098 | ROAD KING INFRA | A | B | C | D | P | R | S |

1099 | SINOPHARM | A | B | C | D | P | R | S |

1109 | CHINA RES LAND | A | B | C | D | P | R | S |

1112 | H&H INTL HLDG | A | B | C | D | P | R | S |

1113 | CK ASSET | A | B | C | D | P | R | S |

1114 | BRILLIANCE CHI | A | B | C | D | P | R | S |

1117 | CH MODERN D | A | B | C | D | P | R | S |

1128 | WYNN MACAU | A | B | C | D | P | R | S |

1138 | COSCO SHIP ENGY | A | B | C | D | P | R | S |

1140 | OP FINANCIAL | A | B | C | D | P | R | S |

1141 | CMBC CAPITAL | A | B | C | D | P | R | S |

1157 | ZOOMLION | A | B | C | D | P | R | S |

1169 | HAIER ELEC | A | B | C | D | P | R | S |

1171 | YANZHOU COAL | A | B | C | D | P | R | S |

1176 | ZHUGUANG HOLD | A | B | C | D | P | R | S |

1177 | SINO BIOPHARM | A | B | C | D | P | R | S |

1186 | CHINA RAIL CONS | A | B | C | D | P | R | S |

1193 | CHINA RES GAS | A | B | C | D | P | R | S |

1196 | REALORD GROUP | A | B | C | D | P | R | S |

1199 | COSCO SHIP PORT | A | B | C | D | P | R | S |

1205 | CITIC RESOURCES | A | B | C | D | P | R | S |

1208 | MMG | A | B | C | D | P | R | S |

1211 | BYD COMPANY | A | B | C | D | P | R | S |

1212 | LIFESTYLE INT’L | A | B | C | D | P | R | S |

1230 | YASHILI INT’L | A | B | C | D | P | R | S |

1233 | TIMES CHINA | A | B | C | D | P | R | S |

1234 | CHINA LILANG | A | B | C | D | P | R | S |

1238 | POWERLONG | A | B | C | D | P | R | S |

1250 | BE CLEAN ENERGY | A | B | C | D | P | R | S |

1257 | CEB GREENTECH | A | B | C | D | P | R | S |

1269 | FIRST CAP GP | A | B | C | D | P | R | S |

1270 | LANGHAM-SS | A | B | C | D | P | R | S |

1282 | CHINA GOLDJOY | A | B | C | D | P | R | S |

1288 | ABC | A | B | C | D | P | R | S |

1293 | GRAND BAOXIN | A | B | C | D | P | R | S |

1299 | AIA | A | B | C | D | P | R | S |

1302 | LIFETECH SCI | A | B | C | D | P | R | S |

1308 | SITC | A | B | C | D | P | R | S |

1310 | HKBN | A | B | C | D | P | R | S |

1313 | CHINARES CEMENT | A | B | C | D | P | R | S |

1316 | NEXTEER | A | B | C | D | P | R | S |

1317 | MAPLELEAF EDU | A | B | C | D | P | R | S |

1333 | CHINA ZHONGWANG | A | B | C | D | P | R | S |

1336 | NCI | A | B | C | D | P | R | S |

1337 | RAZER | A | B | C | D | P | R | S |

1339 | PICC GROUP | A | B | C | D | P | R | S |

1347 | HUA HONG SEMI | A | B | C | D | P | R | S |

1357 | MEITU | A | B | C | D | P | R | S |

1359 | CHINA CINDA | A | B | C | D | P | R | S |

1361 | 361 DEGREES | A | B | C | D | P | R | S |

1363 | CTEG | A | B | C | D | P | R | S |

1368 | XTEP INT’L | A | B | C | D | P | R | S |

1375 | CC SECURITIES | A | B | C | D | P | R | S |

1378 | CHINAHONGQIAO | A | B | C | D | P | R | S |

1381 | CANVEST ENV | A | B | C | D | P | R | S |

1382 | PACIFICTEXTILES | A | B | C | D | P | R | S |

1398 | ICBC | A | B | C | D | P | R | S |

1428 | BRIGHT SMART | A | B | C | D | P | R | S |

1448 | FU SHOU YUAN | A | B | C | D | P | R | S |

1458 | ZHOU HEI YA | A | B | C | D | P | R | S |

1478 | Q TECH | A | B | C | D | P | R | S |

1508 | CHINA RE | A | B | C | D | P | R | S |

1513 | LIVZON PHARMA | A | B | C | D | P | R | S |

1515 | CRPHOENIXHEALTH | A | B | C | D | P | R | S |

1528 | RS MACALLINE | A | B | C | D | P | R | S |

1530 | 3SBIO | A | B | C | D | P | R | S |

1548 | GENSCRIPT BIO | A | B | C | D | P | R | S |

1558 | HEC PHARM | A | B | C | D | P | R | S |

1569 | MINSHENG EDU | A | B | C | D | P | R | S |

1579 | YIHAI INTL | A | B | C | D | P | R | S |

1585 | YADEA | A | B | C | D | P | R | S |

1608 | VPOWER GROUP | A | B | C | D | P | R | S |

1610 | COFCO MEAT | A | B | C | D | P | R | S |

1618 | MCC | A | B | C | D | P | R | S |

1622 | REDCO GROUP | A | B | C | D | P | R | S |

1628 | YUZHOU PPT | A | B | C | D | P | R | S |

1636 | CMRU | A | B | C | D | P | R | S |

1638 | KAISA GROUP | A | B | C | D | P | R | S |

1658 | PSBC | A | B | C | D | P | R | S |

1666 | TONG REN TANG | A | B | C | D | P | R | S |

1668 | CHINASOUTHCITY | A | B | C | D | P | R | S |

1680 | MACAU LEGEND | A | B | C | D | P | R | S |

1681 | CONSUN PHARMA | A | B | C | D | P | R | S |

1686 | SUNEVISION | A | B | C | D | P | R | S |

1717 | AUSNUTRIA | A | B | C | D | P | R | S |

1728 | ZHENGTONGAUTO | A | B | C | D | P | R | S |

1766 | CRRC | A | B | C | D | P | R | S |

1776 | GF SEC | A | B | C | D | P | R | S |

1777 | FANTASIA | A | B | C | D | P | R | S |

1778 | COLOUR LIFE | A | B | C | D | P | R | S |

1788 | GUOTAI JUNAN I | A | B | C | D | P | R | S |

1800 | CHINA COMM CONS | A | B | C | D | P | R | S |

1806 | HUIFU PAYMENT | A | B | C | D | P | R | S |

1810 | XIAOMI-W | A | B | C | D | P | R | S |

1811 | CGN NEW ENERGY | A | B | C | D | P | R | S |

1813 | KWG GROUP | A | B | C | D | P | R | S |

1816 | CGN POWER | A | B | C | D | P | R | S |

1818 | ZHAOJIN MINING | A | B | C | D | P | R | S |

1828 | DCH HOLDINGS | A | B | C | D | P | R | S |

1829 | CMEC | A | B | C | D | P | R | S |

1833 | PA GOODDOCTOR | A | B | C | D | P | R | S |

1848 | CALC | A | B | C | D | P | R | S |

1882 | HAITIAN INT’L | A | B | C | D | P | R | S |

1883 | CITIC TELECOM | A | B | C | D | P | R | S |

1888 | KB LAMINATES | A | B | C | D | P | R | S |

1898 | CHINA COAL | A | B | C | D | P | R | S |

1899 | XINGDA INT’L | A | B | C | D | P | R | S |

1910 | SAMSONITE | A | B | C | D | P | R | S |

1913 | PRADA | A | B | C | D | P | R | S |

1916 | JIANGXI BANK | A | B | C | D | P | R | S |

1918 | SUNAC | A | B | C | D | P | R | S |

1919 | COSCO SHIP HOLD | A | B | C | D | P | R | S |

1928 | SANDS CHINA LTD | A | B | C | D | P | R | S |

1929 | CHOW TAI FOOK | A | B | C | D | P | R | S |

1958 | BAIC MOTOR | A | B | C | D | P | R | S |

1963 | BCQ | A | B | C | D | P | R | S |

1966 | CHINA SCE GROUP | A | B | C | D | P | R | S |

1970 | IMAX CHINA | A | B | C | D | P | R | S |

1972 | SWIREPROPERTIES | A | B | C | D | P | R | S |

1980 | TIANGE | A | B | C | D | P | R | S |

1988 | MINSHENG BANK | A | B | C | D | P | R | S |

1997 | WHARF REIC | A | B | C | D | P | R | S |

1999 | MAN WAH HLDGS | A | B | C | D | P | R | S |

2001 | NEW HIGHER EDU | A | B | C | D | P | R | S |

2003 | VCREDIT | A | B | C | D | P | R | S |

2005 | SSY GROUP | A | B | C | D | P | R | S |

2006 | JINJIANG HOTELS | A | B | C | D | P | R | S |

2007 | COUNTRY GARDEN | A | B | C | D | P | R | S |

2009 | BBMG | A | B | C | D | P | R | S |

2018 | AAC TECH | A | B | C | D | P | R | S |

2020 | ANTA SPORTS | A | B | C | D | P | R | S |

2038 | FIH | A | B | C | D | P | R | S |

2039 | CIMC | A | B | C | D | P | R | S |

2099 | CHINAGOLDINTL | A | B | C | D | P | R | S |

2111 | BEST PACIFIC | A | B | C | D | P | R | S |

2128 | CHINA LESSO | A | B | C | D | P | R | S |

2186 | LUYE PHARMA | A | B | C | D | P | R | S |

2196 | FOSUN PHARMA | A | B | C | D | P | R | S |

2202 | CHINA VANKE | A | B | C | D | P | R | S |

2208 | GOLDWIND | A | B | C | D | P | R | S |

2232 | CRYSTAL INTL | A | B | C | D | P | R | S |

2233 | WESTCHINACEMENT | A | B | C | D | P | R | S |

2238 | GAC GROUP | A | B | C | D | P | R | S |

2255 | HAICHANG HLDG | A | B | C | D | P | R | S |

2269 | WUXI BIO | A | B | C | D | P | R | S |

2280 | HC GROUP | A | B | C | D | P | R | S |

2282 | MGM CHINA | A | B | C | D | P | R | S |

2298 | COSMO LADY | A | B | C | D | P | R | S |

2313 | SHENZHOU INTL | A | B | C | D | P | R | S |

2314 | LEE & MAN PAPER | A | B | C | D | P | R | S |

2318 | PING AN | A | B | C | D | P | R | S |

2319 | MENGNIU DAIRY | A | B | C | D | P | R | S |

2328 | PICC P&C | A | B | C | D | P | R | S |

2331 | LI NING | A | B | C | D | P | R | S |

2333 | GREATWALL MOTOR | A | B | C | D | P | R | S |

2338 | WEICHAI POWER | A | B | C | D | P | R | S |

2343 | PACIFIC BASIN | A | B | C | D | P | R | S |

2356 | DAHSING BANKING | A | B | C | D | P | R | S |

2357 | AVICHINA | A | B | C | D | P | R | S |

2362 | JINCHUAN INTL | A | B | C | D | P | R | S |

2380 | CHINA POWER | A | B | C | D | P | R | S |

2382 | SUNNY OPTICAL | A | B | C | D | P | R | S |

2386 | SINOPEC SEG | A | B | C | D | P | R | S |

2388 | BOC HONG KONG | A | B | C | D | P | R | S |

2588 | BOC AVIATION | A | B | C | D | P | R | S |

2600 | CHALCO | A | B | C | D | P | R | S |

2601 | CPIC | A | B | C | D | P | R | S |

2607 | SH PHARMA | A | B | C | D | P | R | S |

2611 | GTJA | A | B | C | D | P | R | S |

2628 | CHINA LIFE | A | B | C | D | P | R | S |

2638 | HKELECTRIC-SS | A | B | C | D | P | R | S |

2662 | CAMSING INTL | A | B | C | D | P | R | S |

2666 | UNI MEDICAL | A | B | C | D | P | R | S |

2669 | CHINA OVS PPT | A | B | C | D | P | R | S |

2678 | TEXHONG TEXTILE | A | B | C | D | P | R | S |

2688 | ENN ENERGY | A | B | C | D | P | R | S |

2689 | ND PAPER | A | B | C | D | P | R | S |

2727 | SH ELECTRIC | A | B | C | D | P | R | S |

2768 | JIAYUAN INTL | A | B | C | D | P | R | S |

2777 | R&F PROPERTIES | A | B | C | D | P | R | S |

2778 | CHAMPION REIT | A | B | C | D | P | R | S |

2799 | CHINA HUARONG | A | B | C | D | P | R | S |

2858 | YIXIN | A | B | C | D | P | R | S |

2866 | COSCO SHIP DEV | A | B | C | D | P | R | S |

2868 | BJ CAPITAL LAND | A | B | C | D | P | R | S |

2869 | GREENTOWN SER | A | B | C | D | P | R | S |

2877 | SHINEWAY PHARM | A | B | C | D | P | R | S |

2880 | DALIAN PORT | A | B | C | D | P | R | S |

2883 | CHINA OILFIELD | A | B | C | D | P | R | S |

2899 | ZIJIN MINING | A | B | C | D | P | R | S |

3301 | RONSHINECHINA | A | B | C | D | P | R | S |

3306 | JNBY | A | B | C | D | P | R | S |

3309 | C-MER EYE | A | B | C | D | P | R | S |

3311 | CHINA STATE CON | A | B | C | D | P | R | S |

3320 | CHINARES PHARMA | A | B | C | D | P | R | S |

3323 | CNBM | A | B | C | D | P | R | S |

3328 | BANKCOMM | A | B | C | D | P | R | S |

3329 | BOCOM INTL | A | B | C | D | P | R | S |

3333 | EVERGRANDE | A | B | C | D | P | R | S |

3339 | LONKING | A | B | C | D | P | R | S |

3360 | FE HORIZON | A | B | C | D | P | R | S |

3377 | SINO-OCEAN GP | A | B | C | D | P | R | S |

3380 | LOGAN PPT | A | B | C | D | P | R | S |

3382 | TIANJINPORT DEV | A | B | C | D | P | R | S |

3383 | AGILE GROUP | A | B | C | D | P | R | S |

3393 | WASION HOLDINGS | A | B | C | D | P | R | S |

3396 | LEGENDHOLDING | A | B | C | D | P | R | S |

3606 | FUYAO GLASS | A | B | C | D | P | R | S |

3613 | TONGRENTANGCM | A | B | C | D | P | R | S |

3618 | CQRC BANK | A | B | C | D | P | R | S |

3669 | YONGDA AUTO | A | B | C | D | P | R | S |

3799 | DALI FOODS | A | B | C | D | P | R | S |

3800 | GCL-POLY ENERGY | A | B | C | D | P | R | S |

3808 | SINOTRUK | A | B | C | D | P | R | S |

3813 | POU SHENG INT’L | A | B | C | D | P | R | S |

3818 | CHINA DONGXIANG | A | B | C | D | P | R | S |

3836 | HARMONY AUTO | A | B | C | D | P | R | S |

3883 | CHINA AOYUAN | A | B | C | D | P | R | S |

3888 | KINGSOFT | A | B | C | D | P | R | S |

3898 | CRRC TIMES ELEC | A | B | C | D | P | R | S |

3899 | CIMC ENRIC | A | B | C | D | P | R | S |

3900 | GREENTOWN CHINA | A | B | C | D | P | R | S |

3908 | CICC | A | B | C | D | P | R | S |

3918 | NAGACORP | A | B | C | D | P | R | S |

3933 | UNITED LAB | A | B | C | D | P | R | S |

3958 | DFZQ | A | B | C | D | P | R | S |

3968 | CM BANK | A | B | C | D | P | R | S |

3969 | CHINA CRSC | A | B | C | D | P | R | S |

3983 | CHINA BLUECHEM | A | B | C | D | P | R | S |

3988 | BANK OF CHINA | A | B | C | D | P | R | S |

3993 | CMOC | A | B | C | D | P | R | S |

3998 | BOSIDENG | A | B | C | D | P | R | S |

6030 | CITIC SEC | A | B | C | D | P | R | S |

6060 | ZA ONLINE | A | B | C | D | P | R | S |

6066 | CSC | A | B | C | D | P | R | S |

6068 | WISDOM EDU INTL | A | B | C | D | P | R | S |

6088 | FIT HON TENG | A | B | C | D | P | R | S |

6098 | CG SERVICES | A | B | C | D | P | R | S |

6099 | CMSC | A | B | C | D | P | R | S |

6100 | TALENT LIEPIN | A | B | C | D | P | R | S |

6158 | ZHENRO PPT | A | B | C | D | P | R | S |

6166 | CHINA VAST | A | B | C | D | P | R | S |

6169 | YUHUA EDU | A | B | C | D | P | R | S |

6178 | EB SECURITIES | A | B | C | D | P | R | S |

6808 | SUNART RETAIL | A | B | C | D | P | R | S |

6818 | CEB BANK | A | B | C | D | P | R | S |

6823 | HKT-SS | A | B | C | D | P | R | S |

6828 | BG BLUE SKY | A | B | C | D | P | R | S |

6837 | HAITONG SEC | A | B | C | D | P | R | S |

6869 | YOFC | A | B | C | D | P | R | S |

6881 | CGS | A | B | C | D | P | R | S |

6886 | HTSC | A | B | C | D | P | R | S |

6889 | DYNAM JAPAN | A | B | C | D | P | R | S |

87001 | HUI XIAN REIT | A | B | C | D | P | R | S |

Hope this Hong Kong Stocks Cheatsheet has been useful to you and that I will have time to publish more of these soon.

The post Hong Kong Stocks Cheatsheet: Hang Seng Index Member Data Links appeared first on GFM Asset Management.

]]>The post Investing Lessons at the 2018 “The Future is Female” Conference in Hong Kong, Sep 14th appeared first on GFM Asset Management.

]]>The conference page is https://hk18.thenewsavvy.com/ and you can sign up directly at https://www.eventbrite.sg/e/the-future-is-female-conference-the-new-savvy-tickets-48470759346

Hope to see you there,

Tariq

The post Investing Lessons at the 2018 “The Future is Female” Conference in Hong Kong, Sep 14th appeared first on GFM Asset Management.

]]>The post Sep 26 Webinar on China’s Markets: Too Big to Ignore appeared first on GFM Asset Management.

]]>Greater China is the world’s 2nd largest stock market by size, and is too big to ignore by foreign investors. That said, more non-Chinese funds allocate to China as part of a diversified emerging market portfolio rather than through any form of China-specific strategy or mandate, which is why MSCI’s decision to include China’s onshore ‘A-shares’ into its mainstream index weightings is such a significant change for so many investors. This webinar explains some of these shifts and what they mean for investors, with special focus on the MSCI China index tradable through SGX-listed futures, and how this index and its futures contract compares with other A-share and H-share products.

The presenter, Tariq Dennison, manages investment accounts on the Interactive Brokers platform putting together portfolios of stocks, ETFs, and futures. The views and strategies in this webinar are his own, based on how he invests client accounts, and do not necessarily reflect the views of Interactive Brokers or SGX.

Sponsored by Singapore Exchange

The post Sep 26 Webinar on China’s Markets: Too Big to Ignore appeared first on GFM Asset Management.

]]>The post Infographic: $1 trillion GDP of Hong Kong + Shenzhen + Guangzhou in the “Greater Bay Area” appeared first on GFM Asset Management.

]]>At the turn of the century, I lived in San Francisco where I often heard the term “Bay Area” to refer to all the cities around San Francisco Bay, from San Jose and Silicon Valley to the south, to Marin in the north and my alma mater UC Berkeley in the east. So naturally, it took me a while to get used to hearing the term “Greater Bay Area” and associating it with the cities of Hong Kong, Macau, Shenzhen, and Guangzhou in the “bay” around the Pearl River Delta.

The below chart also grabbed my attention by how the combined GDP of Hong Kong, Shenzhen and Macau was reported to be just over US$1 trillion in 2017, similar to how I remember reading of the $1 trillion “GDP” of California back in 1996. By comparison, the economy of California was estimated to clear $2.7 trillion in 2017, which is almost twice the size of the Greater Bay Area GDP plotted below, while California’s population is slightly lower at 40 million vs the Pearl River Delta’s 50 million.

Shenzhen has often been called the “Silicon Valley of China”, though has a reputation for being more focused on hardware than software. While Shenzhen stock connect has made it possible for me to look at adding shares of Shenzhen listed companies to offshore investment accounts, I still find too few shares listed there with the right balance of quality and valuation (that is, too many Shenzhen listed companies are too speculative and not enough of the “cash cow” type businesses I look for). Years ago, I also looked at how much cheaper Shenzhen real estate was vs Hong Kong property, and I understand this gap has also narrowed.

The post Infographic: $1 trillion GDP of Hong Kong + Shenzhen + Guangzhou in the “Greater Bay Area” appeared first on GFM Asset Management.

]]>The post The top 25 Hong Kong listed ETFs I’m watching in 2018H2 appeared first on GFM Asset Management.

]]>These are the Hong Kong ETFs I look at most often when I have Hong Kong dollars to allocate in an account, and either need a long-term low cost allocation, or a placeholder until I am ready to replace the ETF with individual stock or bond positions. I usually run through this by sorting the HKEX list from cheapest to more expensive, and looking for the best combination of cost and quality in each category. “Priority” is my way of categorizing which ETFs most accounts should probably consider (broad, low cost access to diversified portfolios of stocks across the major JUICE markets), to those which are more specialized and worth considering more in special situations (e.g. MSCI Malaysia). In an earlier post, I explain why I believe ETFs are better than mutual funds in most cases.

Ticker | Name | AUM | Div Yield | Exp Ratio | Priority | HKEX Link |

3101 | VANGUARDDVEUR | 220.51M | 2.55% | 0.18% | 1 | https://www.hkex.com.hk/Market-Data/Securities-Prices/Exchange-Traded-Products/Exchange-Traded-Products-Quote?sym=3101&sc_lang=en |

3126 | VANGUARDJAPAN | 102.25M | 1.95% | 0.18% | 1 | |

3140 | VANGUARDSP500 | 437.97M | 0.94% | 0.18% | 1 | |

3085 | VANGUARDAXJHY | 313.13M | 3.41% | 0.35% | 1 | |

3141 | BMO ASIA IGBOND | 867.61M | 3.49% | 0.35% | 1 | |

2803 | PREMIA BEDROCK | 506.77M | – | 0.50% | 1 | |

2800 | TRACKER FUND | 88.40B | 3.21% | 0.09% | 2 | |

2805 | VANGUARDASXJP | 242.75M | 2.12% | 0.20% | 2 | |

3169 | VANGUARDCHINA | 177.76M | – | 0.40% | 2 | |

3173 | PREMIA NEW ECON | 483.51M | – | 0.50% | 2 | |

3181 | PREMIAASIATEC | 61.81M | – | 0.50% | 2 | |

2847 | ISHARESFS100 | 25.17M | – | 0.29% | 3 | |

3121 | BMO AP REAL EST | 53.73M | 2.29% | 0.45% | 3 | |

3199 | CSOP 5YCGBOND | 146.86M | 3.49% | 0.64% | 3 | |

83199 | CSOP 5YCGBOND-R | 146.86M | 3.49% | 0.64% | 3 | |

2836 | ISHARES INDIA | 1.05B | – | 0.65% | 3 | |

2846 | ISHARESCSI300 | 128.60M | 1.09% | 0.65% | 3 | |

3170 | ISHARESKS200 | 69.67M | – | 0.35% | 4 | |

2840 | SPDR GOLD TRUST | 241.23B | – | 0.40% | 4 | |

3082 | TRMSCIMALAY | 9.76M | – | 0.50% | 4 | |

3092 | TRMSCITHAI | 22.58M | – | 0.50% | 4 | |

3016 | TRMSCIPHIL | 11.40M | – | 0.65% | 4 | |

3027 | X TRMSCIRUSSIA | 184.75M | 3.76% | 0.65% | 4 | |

3048 | TRMSCIBRAZIL | 55.08M | – | 0.65% | 4 | |

3099 | X TRMSCIINDO | 36.24M | – | 0.65% | 4 |

As always, I look forward to your comments and questions on ETFs.

The post The top 25 Hong Kong listed ETFs I’m watching in 2018H2 appeared first on GFM Asset Management.

]]>The post MSCI China A-Share Inclusion: Understanding Different Chinese Stock Markets appeared first on GFM Asset Management.

]]>These changes are starting out small at only 2.5% and 5% of the index over the first few months, but these mainland shares will slowly become a more significant part of our pension portfolios. This is part of the moves that have made Greater China now represent over 50% of the total weight of emerging markets. Given the enormous size of China’s stock market though, these changes are far less significant to China than they are to foreign investors, who still account for only about 2% of the ownership of Chinese stocks.

The attached table from the factsheet on MSCI China Indexes explains how all the different MSCI China indexes cover Chinese stocks listed across Mainland China, Hong Kong, Taiwan, New York and elsewhere.

The post MSCI China A-Share Inclusion: Understanding Different Chinese Stock Markets appeared first on GFM Asset Management.

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