By Mike Bird WSJ Fri., March 15, 2019 What’s in your emerging-markets fund? Three decades have passed since the high-risk and often higher-reward funds took the asset-management world by storm. They have gone from exotic bets to what even buttoned-down experts say should be part of any well-constructed investment portfolio. It is high time, though, to check the list of ingredients and ask if the category is obsolete. By the late 1980s, emerging markets became a financial industry byword for what might previously have been called the Third World. Early evangelists like investing legend Sir John Templeton gradually convinced intrepid individuals and institutions such as pension funds that emerging markets could provide faster growth and, in a crucial selling point for the latter group of investors, returns less closely related to what happened in the industrialized world. By 1987, two landmark events sparked the understanding of emerging markets as less … [Read more...] about Time to Scrap ‘Emerging Markets’?
Bird market hong kong
Science | Hong Kong, Crossroads of the Criminal Wildlife Trade Sections Skip to content Skip to site index Despite reforms, the territory is a linchpin in the global traffic in illegal animal parts. A rehabilitated pangolin in a park in Vietnam. Pangolins are critically endangered, their meat a delicacy in southern China and their scales a prized ingredient in traditional Chinese medicine. Credit Credit Suzi Eszterhas/Minden Pictures Supported by ByCharles Homans Feb. 12, 2019 HONG KONG — It was after dark on a Tuesday evening in December 2017 when the vans pulled onto Island House Lane, a placid side street of residential complexes and community garden plots in the suburban Tai Po district. High-rises gave way to lush forest as the street wound down to a pebble beach. Across the harbor was Tolo Channel, On the water, a speedboat was waiting. When officers from Hong Kong’s Customs and Excise Department … [Read more...] about Hong Kong, Crossroads of the Criminal Wildlife Trade
By Mike Bird WSJ Sun., Feb. 3, 2019 Last summer, the world’s largest index provider added stocks in China to one of its most prominent global benchmarks, leading billions of dollars to flow into Chinese shares and advancing China’s plans to draw more foreign investors to its markets. The move by MSCI Inc. came after it came under heavy pressure from the Chinese government, which tried to curtail the company’s business in the country, according to people familiar with the matter. MSCI’s decision to include domestic Chinese stocks in its widely followed Emerging Markets Index was received unfavorably by some investors who were concerned about robustness and transparency of markets in the world’s second-largest economy. Since the addition, Chinese stocks have stumbled, as has the global index. Yet business has boomed in China for MSCI and large global asset managers who supported its move. Regulators last year approved nine Chinese … [Read more...] about How China Pressured MSCI to Add Its Market to Major Benchmark
By Mike Bird WSJ Mon., Jan. 21, 2019 Hong Kong is home to a developed, $3.8 trillion stock market. A series of stock-price collapses has made it seem, of late, more like an untamed emerging market. On Thursday, shares in property developer Jiayuan International Group Ltd. fell 80.6%, erasing $3.35 billion of value. It wasn’t alone: four smaller companies dropped sharply, too, seemingly without major news. This fits a bigger pattern: On one day in November, four small stocks dropped between 42% and 78%. In 2015, shares in solar company Hanergy Thin Film Power Group Ltd. fell 47%, wiping out $18.6 billion of shareholder wealth after months of eye-catching gains. Investors and traders blame a variety of factors, some of which are particularly common in Hong Kong: small free floats, hyperactive individual investors, widespread use of margin lending, and opaque relationships between listed companies. A mounting slowdown in China has also put downward pressure on … [Read more...] about A Major Market’s Major Headache: Stocks That Crash Without Warning
Travel agents in Vietnam are entering the race to attract tourists during the New Year holiday and Tet 2019 (Lunar New Year) by offering thousands of attractive inbound and outbound tours at competitive prices. Demand for tourism during Tet surges As well as the summer months, the end of winter and early spring is considered the peak season for tourism in Vietnam due to two major holidays falling during this period-the New Year holiday and Tet. With living standards and disposable incomes rising, the choice of tourist destinations to enjoy Tet holiday with friends and relatives is changing. In response to the demand, from the beginning of September many travel companies, airlines and travel agents launch promotion programmes, special offers and discounts for domestic and international tours to serve the market during the New Year and Tet holiday. This year’s holiday is relatively long, with four days for New Year and nine for the Lunar New Year, so the demand for tourism … [Read more...] about Tourism market in full swing for Tet holiday 2019