Most Read on ARX
(June - August 2021)
ARX is designed to bring together investment professionals in Asia Pacific and other regions to share their views, knowledge and experience, so that they can learn from their peers and thought-leaders. Below are the most often downloaded posts in the last three months.
To browse or search ARX's repository of more than 4,000 posts, select "Research" in the upper left-hand corner of the page.
The Role of Venture Capital in Modern Capital Markets: Practitioner's Brief
This practitioner's brief summarizes the CFA Institute 13 April 2021 webinar, which discusses the origins, current trends and the future of venture capital.
26 July 2021 | CFA Institute
An introduction to Collateralized Loan Obligations (CLOs)
We discuss key features of leveraged loans and collateralized loan obligations, which are a major financing source to the leveraged loan market. CLOs offer investors access to a diversified non-investment grade corporate credit portfolios.
8 July 2021 | FTSE Russell: Luke Lu, Elizabeth Han
COVID-19 Impact on Bangladesh Economy
Like in most other nations, the outbreak of COVID-19 pandemic is an unprecedented shock to the Bangladesh economy. The report explores the possible impact of the ongoing pandemic on the broad economy and major industries of the country.
22 June 2020 | LankaBangla Asset Management Co. Ltd.
Examining the Rise of Decentralised Finance: Trends, Challenges, and Opportunities: Practitioner's Brief
This practitioner's brief summarizes the CFA Institute 8 December 2020 webinar, which covered the basic structure of Decentralized Finance, including key advantages and limitations, as well as how this concept may evolve in the future.
8 December 2020 | CFA Institute
Comparing Value Factor Performance in Global Equity Markets
The purpose of this analysis is not to identify the reasons for the slump in Value, but to analyze its performance by region and the differences in the sources of Value performance.
8 July 2021 | FTSE Russell: Tamura Hiromichi, Alex Chen
CFA Society Malaysia FinTech Forum 2021
CFA Society Malaysia presents the inaugural FinTech Forum 2021 - a three-part series of webinars, which spotlight leading finance and investment industry speakers and practitioners.
2-16 June 2021 | CFA Society Malaysia
Alpha Enhancement in Global Equity Markets with ESG Overlay on Factor-Based Investment Strategies
The paper finds that higher alpha can be harvested by restricting investment exposure to the ESG theme combined with various style characteristics, as they display low systematic and idiosyncratic tail risks.
8 June 2021 | Subhransu Mohanty, Odette Mohanty, Mike Ivanof
Tokenised Securities in APAC: A State of Play
The paper provides updates on key developments in the tokenised securities space and what market participants think about the state of the tokenised securities market and ecosystem.
29 June 2021 | Laurence Van der Loo, ASIFMA
VIDEO: Invest in Your Career to Reach the Top
CFA Society Philippines presents a series of pre-recorded webinars in which experienced financial professionals talk about opportunities and challenges of pursuing a career in their respective areas.
8 July 2021 | CFA Society Phlippines
Bangladesh Bank Monetary Policy Statement FY 2020-21
Bangladesh bank has announced an expansionary policy stance for the fiscal year 2020/21, with a high money growth rate and reduced policy rates, in response to the additional fund requirements for restoring the country’s economy affected by Covid-19. We present two papers analysing the policy statement:
- EBLSL Research: Monetary Policy Statement FY’21 Highlights (29 July 2020)
WEBINAR: Social and Sustainable Sukuk (Part 4 of the Islamic Finance Webinar Series)
With the global issuance of sustainable bonds reaching a record US$100 billion in the second quarter of 2020, and Shari’ah principles supporting profit-based initiatives with socio-economic impact, it should come as no surprise that social impact Sukuk are fast becoming a popular financing instrument.
3 June 2021 | CFA Institute | Video: 1 hr 39 min.
Sovereign Risk Monitor Methodology: How to assess sovereign risk including ESG issues?
This paper lays out a methodology that integrates holistically, and objectively, ESG performance and traditional economic and financial metrics in the sovereign risk analysis.
29 May 2021 | FTSE Russell: Julien Moussavi, Ph.D., Rayane Hanifi
WEBINAR: SRI Integration into Investment Decision Making
This webinar is the second in the series on sustainable and responsible investment organized in partnership with World Bank Group and CFA Society Malaysia. It focuses on the framework of integrating SRI in various aspects of the investment decision-making process. It presents real-life case studies to help investors better understand how leading investment practitioners are integrating SRI factors into their analysis and the investment process.
28 June 2021 | CFA Institute | Video: 1 hr 37 min.
Big Data for ESG Investing: Practitioner's Brief
This practitioner's brief summarizes the CFA Institute 15 April 2021 webinar, which sheds some light on how WeBank, a Chinese digital-only bank, utilises AI and alternative data sources to generate proprietary real-time data for ESG investing
15 April 2021 | CFA Institute
WEBINAR: ESG and Sustainability - International Policies and Reporting Frameworks
As ESG and sustainable investing become centre stage, concerns that the inconsistency and variation in ESG-related disclosures, terminology, and investment approaches may give rise to confusion and misunderstanding has also risen. A slew of new regulations and standards globally are being implemented to tackle the issue of greenwashing, raise transparency and disclosure for the benefit of investor protection and product development.
9 June 2021 | CFA Institute | Video: 1 hr 15 min.
WEBINAR: The Emerging Asia Pacific Capital Markets - India
After a massive capital markets transformation, India has two of the largest stock markets in the world and an expanding asset management industry. But further improvements will be needed for India’s markets and economy to achieve their potential.
8 July 2021 | CFA Institute | Video: 1 hr 4 min.
Independent Directors in Asia Pacific: Regulations and Practice in Selected Markets
An overview of regulations and practices concerning independent non-executive directors in listed companies in Australia, Hong Kong SAR, India, Japan, Malaysia, and Singapore.
21 June 2021 | Sivananth Ramachandran, CFA, Piotr Zembrowski, CFA, Sara Cheng, JD, Mary Leung, CFA
China Market Strategy: Outlook for the Second Half of 2021 - Value Still Striking Back
China’s PPI-CPI gap is approaching its historical peak last seen during the 2016 supply-side reform. It is another sign that the cyclical strength is about to crest. Concurrently, the PBoC’s balance sheet expansion will likely moderate.
7 Jun 2021 | BOCOM International: Hao Hong, CFA
Future of Sustainability in Investment Management: Practitioner's Brief
This practitioner's brief summarizes the CFA Institute 23 March 2021 webinar, which explored key trends in the shift to sustainability in investment management and the kind of future it envisions.
23 March 2021 | CFA Institute
Climate Change Integration in the Investment Process: Practitioner's Brief
This practitioner's brief summarizes the CFA Institute 9 April 2020 webinar, on Climate Change and ESG Disclosures, which discusses a few of the most pressing questions that financial professionals have to guide them in making effective decisions.
9 April 2020 | CFA Institute
The Electric Vehicles Race: Tesla vs. Legacy Car Companies
Tesla has been on a hot streak. Reacting to the company’s latest earnings, CEO Elon Musk said, “We’ve seen a real shift in customer perception of electric vehicles, and our demand is the best we’ve ever seen.”
4 June 2021 | GLG: Jeff Yanssens, Dr. Arnold Lamm, Dr. Claudiu Bucur
Crowdlending and Credit Models
In this article we briefly describe the most used models among the classical and machine learning techniques. Our explanation is intended for non-technical readers. We provide simple illustrations to complement our description.
17 June 2021 | Pearpilai Jutasompakorn
WEBINAR: Financial Performance of Impact Investments (Part 2 of the Impact Investing webinar series)
Impact investing aims to generate measurable environmental or social outcomes alongside financial return. Impact objectives must be considered together with financial objectives, risk, liquidity and resource capacity. When making investment decisions, impact investors seek to balance these factors, and optimize the way in which they deploy capital, in order to maximize their desired outcomes.
27 May 2021 | CFA Institute | Video: 1 hr 3 min.
Measuring the Creditworthiness of China’s Corporates Using a Global Rating Scale
As China’s bond market continues to attract increasing interest from international investors, it is critical to assess the creditworthiness of China’s issuers using a global rating scale, allowing investors to compare investments on the same basis.
25 June 2021 | Ke Chen, Pengyuan Credit Rating (Hong Kong) Company
WEBINAR: Future of Investing in Disruptive Innovation - Leadership Dialogue
The extraordinary AUM growth and outperformance of ARK Invest in recent times has created a huge following in Asia. Catherine Wood, Founder CEO and CIO of ARK Invest, joins Ms. Yimei Li, CFA, member of the CFA Institute Board of Governors and CEO of China Asset Management Co. Ltd., a top asset manager in China, for a conversation about disruptive innovation.
25 March 2021 | CFA Institute, MSCI, Wind | Video: 59 min.
WEBINAR: ESG Integration in Sovereign Bonds (Part 4 of the webinar series "ESG in Credit")
As appetite for ESG investments has grown, so has the question of if and how ESG factors may affect the analysis of sovereign debt issues. Risks from climate change, including the associated policy responses, have been under particular focus. For example, countries that are major fossil fuel exporters are most exposed to climate change transition risk, giving rise to stranded assets and significant uncertainties, with knock-on implications for debt servicing and repayment capabilities.
25 May 2021 | CFA Institute, Fitch Ratings | Video: 1 hr 18 min.
Employee Happiness Predicts Higher Stock Prices: Do Health and Safety Play a Part in Your Investment Strategies?
ESG analysis that used NLP processing discovered that companies with safe and happy employees outperform their peers in the public markets. How can ESG analysis of workplace sentiment help investors seeking outperformance?
28 April 2021 | Richard Peterson
WEBINAR: Sustainable and Responsible Investment
Experts from World Bank Malaysia, Bursa Malaysia, Securities Commission Malaysia, MSCI, EPF, CFA Society Malaysia, and CFA Institute discuss industry trends, opportunities and challenges focusing on sustainable and responsible investment practices with a focus on Malaysia's ambition as a sustainability-first nation.
4 February 2021 | Justin Ong, CFA; Tan Sri Abdul Wahid Omar; Firas Raad, PhD; Mary Leung, CFA; Chitra Hepburn, Mohamed Rozani Osman, Salmah Bee Mohd Mydin, Rohaya Mohammad Yusof | Video: 1 hr 45 min.
AUDIO: The Emergence of Central Bank Digital Currencies
How do central bank digital currencies (CBDCs) differ from traditional money and cryptocurrencies? Why are CBDCs appealing to policymakers? Will CBDCs loosen the pre-eminent role of the US dollar in the global FX market?
11 April 2021 | City National Bank: Alvin Tan, David Atkinson | Audio: 18 min.
The Long Waves in Commodities: Three Centuries of Evidence
Our proprietary wave index, based on three centuries of historical commodity price data meticulously collated by our predecessors, shows that a period of elevated and intense commodity price movements lies ahead.
25 May 2021 | BOCOM International: Hao Hong, CFA
About the Author(s)
Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu