ARX Series
Most Read on ARX
(July - September 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: 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.
Amazon's M&A Strategy in India: Right Investments at the Right Time!
Amazon's India M&A strategy report serves as a primer for those seeking insights on the company’s key investment activities in India and development plans to expand services in its attempt to become an unbeatable “ecosystem” player.
27 August 2020 | Aranca: Ashish Rane
Money Left on the Table: Passive Investing and the Effects of Reconstitution
Passively managed funds own over half of the US equity market. Their performance suffers as they periodically adjust their portfolios when the underlying index is reconstituted.The negative impact of index reconstitution is exacerbated by thinly traded stocks and periods of low liquidity. How should investors reckon with this drag on performance? Can passive managers time their portfolio adjustments to minimize this effect?
26 August 2020 | Solactive AG
Download Part 1: Passive Investing and the Effects of Reconstitution (PDF) >
Download Part 2: Why You Should Think About the Timing of the Reconstitution (PDF) >
Download Part 3: A Deeper Look into the Effects of Liquidity and Reconstitution (PDF) >
WEBINAR: Opportunities and Challenges of ETFs in Asia Pacific: Should we worry about systemic risks?
Despite growth, ETFs in Asia Pacific still account for only 10% of the global ETF assets. What are the challenges facing ETFs in the region? Meanwhile, the immense popularity of ETFs in the United States has raised concerns of systemic risks, such as exacerbating market disruptions. How pertinent are such risks in Asia Pacific?
15 September 2020 | Simon Brailey, Deborah A. Fuhr, Anil Ghelani, CFA, Piotr Zembrowski, CFA | Video: 1 hr 3 min.
WEBINAR: Timber, Pulp, and ESG Risk
This webinar helps financial practitioners understand the main ESG risks posed by the timber and pulp industry. The speakers discuss the challenges and opportunities they meet in the implementation of sustainable planting and forest management practices.
1 September 2020 | CFA Institute, ZSL SPOTT, CFA Society Singapore | Video: 1 hr 3 min.
VIDEO: How Does Passive Investing Work in Uncertain Times?
Can active managers protect investments in the time of crisis? S&P DJI’s Brent Kopp and Berlinda Liu take a closer look at the impact of Covid-19 on the performance of active and passive investments.
8 September 2020 | S&P Dow Jones Indices: Brent Kopp, Berlinda Liu | Video: 7 min.
WEBINAR: Covid-19 - A Disconnect between the Stock Market and the Economy?
Has the Covid-19 pandemic caused a disconnect between the real economy and the stock market? What are the real forces that are driving Malaysia's market now?
20 August 2020 | CFA Society Malaysia: Woon Khai Jhek, CFA, Jaccob Thomas, CF, Shu Heng Chuan, CFA, Phua Lee Kerk, CFA | Video: 1 hr 15 min.
Commercial Banking Sector in Pakistan
An analysis of the deposits and profitability of large, medium and small commercial banks in Pakistan, including a snapshot of the performance of Islamic banks and an overview of the effects of Covid-19 on the risk environment.
1 June 2020 | The Pakistan Credit Rating Agency Limited: Muhammad Noor ul Haq, Jhangeer Hanif
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.
Is Malaysia's Stock Market Overheated? A Study of January - August 2020 Data
Stocks traded on Bursa Malaysia have recovered to pre-Covid-19 levels, rebounding by 34% from their lowest point in March 2020. What is the market’s intrinsic valuation? Is it still time to buy or is the market overheated?
1 September 2020 | Dr. Yoke Yue Kan, CFA
Credit Risk for Unsustainable versus Sustainable Businesses
There is increasing evidence of higher credit risk for unsustainable, low-ESG, high-fossil fuel businesses, and a lower credit risk for sustainable, high-ESG, clean, regenerative, and renewable businesses. Investors, banks and regulators take note.
10 August 2020 | David Maywald
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
Global Market Outlook: 2020 and Beyond
This webinar examines the status of key global market drivers including the macroeconomic, liquidity, valuation, EPS and factor cycles to assess what is already discounted and what constitutes potential positive drivers and potential threats to risk appetite over the next few months.
4 September 2020 | FTSE Russell: Philip Lawlor | Video: 29 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
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
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
About the Author(s)
Director: Scott Lee
Content manager, Editor: Piotr Zembrowski, CFA
Coordinator: Natalie Yiu