ARX Series
Most Read on ARX
(June - August 2020)
Overview
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 3000 posts, select "Research" in the upper left-hand corner of the page.
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.
WEBINAR: REIT as an Asset Class from the Investor Perspective
REITs generate stable recurring long-term income, which makes them akin to fixed income products and attracts retail investors. But is the current low interest environment benefiting the REIT business model? A webinar in the series "Sector Analysis: A Framework for Investors" presented by CFA Institute and ACCA.
11 August 2020 | Eunice Chu, FCCA, Alan Lok, CFA, Victor S. Yeung, CFA, Luna Fong | Video: 1 hr 16 min.
WEBINAR: ESG in Fixed Income
Webinar Series: ESG in Credit - Part I, presented by CFA Institute and Fitch Ratings
The growth of ESG investing has created a demand for ESG products and services that meet the needs of asset owners and investment managers. Initially focused on equities, investors are nowalso looking at the much bigger fixed income universe, which includes corporate bonds, public finance, project finance, and structured debt. How do ESG factors affect credit risk and how is this reflected in credit ratings?
4 August 2020 | Mervyn Tang, CFA; Mary Leung, CFA | Video: 1 hr 4 min.
WEBINAR: ESG Disclosure Practice and Dialogue
The growing recognition of the impact that material ESG factors have on companies’ long-term prospects has resulted in the strong demand for quality ESG reporting from investors, stock exchanges and regulators. Do companies face any challenges in complying with these reporting standards? What strategic benefits do they see in producing insightful and top-quality reports? Are investors able to articulate the ESG information disclosed?
28 July 2020 | CFA Institute, GRI, Business Environment Council
WEBINAR: Covid-19 and Its Impact on the Investment Management Industry: Presentation to CFA Society Pakistan
CFA Institute surveyed its global membership to analyze the effects of the current economic crisis caused by COVID-19 on the global economy. Mary Leung, CFA, head of advocacy, APAC, CFA Institute presented results of the survey specific to Pakistan.
6 August 2020 | CFA Society Pakistan | Video: 1 hr 7 min.
Bangladesh Startup Ecosystem: The Untapped Digital Goldmine of Asia
Bangladesh startup ecosystem is coming of age, riding on strong economy vitals, a demographic bulge with the right skill-sets, international investments from corporate investors and VCs, and government support.
11 August 2020 | LightCastle Partners: Mehad ul Haque, Ishtiak Mourshed, Md. Risalat Huda
Coupon Stripping of Domestic Sovereign Bonds
CFA Society Pakistan has proposed to the Ministry of Finance the introduction of coupon stripping to improve bond market depth. This research report provides an overview of best practices and policies in three key markets: India, the USA and the UK.
5 August 2020 | CFA Society Pakistan
WEBINAR: Fundamental Principles of Islamic Finance
Islamic Finance is a rapidly growing segment of the global financial system with total AUM of USD2.4 trn. The webinar provides an overview of its fundamental principles: prohibition on charging interest, excessive uncertainty, and profit sharing.
26 August 2020 | CFA Society Indonesia, CFA Society Malaysia, CFA Society Pakistan, CFA Institute | Video: 1 hr 15 min.
Chinese Bond Market: Evolution and Characteristics
The Chinese government bond market exceeds that of UK gilts and German Bunds. Recent reforms and the inclusion of Chinese bonds in global bond indices have helped increase foreign participation in the market and reduce currency-hedging costs.
5 August 2020 | FTSE Russell: Robin Marshall, Zhaoyi Yang
Integrating Sustainability and Responsible Investment into Asset Allocation
High-ESG assets having measurably lower risk, as well as historically higher returns. Sustainable Investment has practical applications for all aspects of AA. This presentation reviews current practices, and significantly expands into new territory.
1 August 2020 | David Maywald
Covid-19 in ASEAN-5: Policy Response Provides Some Support
The support packages vary in scale and scope, and are largely contingent in nature. While they will broadly help reduce some of the negative effects of the crisis, they will not offset the rising recessionary or credit risks for most sectors.
25 June 2020 | Moody's Investors Service
WEBINAR: Assessing Insurance Companies in Turbulent Times
Tighter regulatory regimes, geopolitical uncertainty, the ongoing digitization of the economy, and the Covid-19 pandemic have caused fundamental changes in the traditional insurance business. How should investors assess insurance companies?
16 June 2020 | Eunice Chu, FCCA; Charles Chui, CFA; Jennifer Law, MD; Mike Goodall; Stratos Pourzitakis, PhD | Video: 1 hr 2 min | 1 PL
WEBINAR: Toward Greater Trust: Fees, Disclosures, and Professionalism
What does it take for someone to entrust their savings to someone else to manage? The newest trust survey by CFA Institute shows a decline in client trust in Australia and Singapore. What are the reasons and how should the industry respond?
7 July 2020 | CFA Institute: Mary Leung, CFA; Maria Wilton, CFA; Daryl Liew, CFA; Piotr Zembrowski, CFA | Video: 1 hr 5 min.
WEBINAR: Deep Dive into VIX and Market Volatility
Known as the market's "fear gauge", the VIX index and its related measures covering equity, currency and fixed income markets across the globe, have become go-to measures of uncertainty and turmoil in markets. How does VIX encode meaningful predictions about the future behaviour of the markets?
12 May 2020 | Tim Edwards, PhD; Franki Chung, CFA
Impairment of Assets and Liabilities during the COVID-19 Crisis
As the Covid-19 pandemic continues to spread, companies find it hard to forecast revenue and to evaluate assets and liabilities. Many have delayed the publication of financial statements. What disclosures are needed in this unprecedented situation? Notes from a Digital Reporting Workshop for Japanese investors.
27 May 2020 | Chie Mitsui
Impact of Covid-19 on Malaysian Financial Institutions and How to Respond
With the regulatory measures announced by BNM and statements issued by IFRS in response to the recent development of COVID-19, we explore its impact on Financial Institutions in Malaysia in terms of loan growth, earnings, provision, and liquidity.
13 April 2020 | Deloitte: Justin Ong CFA, Dr Chee Wei Yen, Su Je Hui CFA
Fintech Decoded: Tracking Investment Activity in Fintech Companies in Q1 2020
The impact of COVID-19 will reverberate across all sectors of the economy, fintech being no exception. In the sector, challenges are expected to surface on multiple fronts, but so are opportunities, as companies look to beat the odds and thrive.
10 July 2020 | Aranca: Ashish Rane, Bharat Ramnani
Fintech 2020: Technological Innovations in the Financial Services Industry
This report highlights a handful of fintech innovators in Islamic finance from around the globe. It defines the fintech landscape, presents recent trends, and helps understand how fintech can revolutionize the industry and Islamic finance.
19 May 2020 | CFA Society Pakistan
WEBINAR: Green Finance Development in China
As China actively pursues ecological and sustainable development, green finance serves a core function in the country’s financial ecosystem. Dr. Ma Jun, director of the Center for Finance and Development at Tsinghua University, chairman of China Green Finance Committee, and a member of the Monetary Policy Committee of the PBOC, and Rhodri G. Preece, CFA, head of industry research at CFA Institute, discuss green finance development in China.
29 June 2020 | CFA Institute | Video: 52 min.
WEBINAR: ESG Investing Post-Covid 19
MioTech's co-founder Jason Tu compares shareholder value vs. social value, explains how technology and data readiness improves ESG adoption, and discusses regulatory drivers of sustainable investing in Greater China.
10 June 2020 | Jason Tu, Mary Leung, CFA | Video: 1 hr 9 min
Impact of COVID-19 on USD Corporate Bond Liquidity
The COVID-19 crisis has impacted asset valuations, increased volatility and led to reduced liquidity in many cases. In this paper, FTSE Russell examines the effects of the crisis on the liquidity of USD corporate bonds.
30 June 2020 | FTSE Russell: Mikhail Bezroukov, Yu Zou
Seeing Through Frosted Glass: Assessing Chinese Local Governments’ Creditworthiness
As Chinese local government debt is growing rapidly, an assessment of the creditworthiness of Chinese local governments uses a top-down rating approach which better reflects the nation’s vertically integrated governing structure.
29 June 2020 | Pengyuan International: Jameson Zuo
Growth vs Value Investing on the Bursa Malaysia during Covid-19 Pandemic
Performance of 885 stocks listed on the Bursa Malaysia is analysed based on their Price to Earnings (PE), Price to Book (PB), Dividend Yield (DY), and Debt to Equity ratio (DE), during the Covid-19 pandemic from January to early June 2020.
30 June 2020 | Shu Heng Chuan, CFA, Jaccob Thomas, Lim Yik Yin
WEBINAR: How Green Are Green Bonds?
A review of green bond regulations in ASEAN with a focus on their alignment with global standards and on the progress Thailand, the Philippines and Malaysia are making in the development of their green bond markets.
21 May 2020 | Mary Leung, CFA; Yoon Mee Yeong, CFA; Juliette Macresy, CFA; Cedric Rimaud, CFA | Video: 1 hr 8 min
WEBINAR: Cashless Payment Industry - Sector Analysis
The webinar explores the growth potential and the evolving landscape of the cashless payment industry. It highlights the most important competencies a company needs to thrive in this sector.
29 April 2020 | CFA Institute: Eunice Chu, FCCA; Danny Leong; Alan Lok, CFA; Serhii Karpenko; Rostyslav Dyuk
Value at Risk 2.0: News Anchor or Fortune Teller?
We capture the behavior of VAR during crises and weaknesses to which banks are exposed. We evaluate various regulatory measures to address them and provide suggestions how to compute forward looking VaR as an alternative to current approaches.
21 May 2020 | EY: Subrahmanyam OV , Yashendra Tayal
WEBINAR: AI Ethics in the Corporate World
As the applications of artificial intelligence proliferate, will there be a radical shift in how people behave and make critical decisions? Will AI strengthen or weaken the role of ethics? A webinar presented by CFA Institute and Tencent Finance Academy (Hong Kong)
3 June 2020 | Alan Lok, CFA, Dorothy Chau, PhD, Laurel Teo, CFA, Justin Ong, CFA | Video: 1 hr 41 min
Emerging Market Fixed Income: Development and Characteristics of the Asset Class
A look at the characteristics and evolution of Emerging Market fixed income since the 1980s, shows that it has grown into a substantial and investible asset class. The report debunks some frequent misperceptions of Emerging Market bonds.
20 May 2020 | FTSE Russell
The Dragon Awaits: China Market Strategy Outlook for the Second Half of 2020
The current market shows similarities to the internet bubble of 2000. Despite broad optimism, caution is needed. Value stocks are set to outperform. The strength of cyclicals can be misconstrued. Shanghai and Hong Kong offer long-term value.
10 June 2020 | BOCOM International: Hao Hong, CFA
FTSE Russell China Bond Research Report: Q1 2020
Foreign ownership of RMB-denominated Chinese government bonds rose to a record high in March as interest rates slipped in some markets; and as the global economy slumped due to the coronavirus crisis. FTSE Russell's quarterly publication.
10 June 2020 | FTSE Russell
About the Author(s)
Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu