The EWY ETF: Solid Single-Country Exposure in Asia February 11, 2021
Getting single-country international exposure to Asia doesn’t have to start or end in China. South Korea is one country to consider as its economy recovers from the pandemic, which should help the
EWY seeks to track the investment results of the MSCI Korea 25/50 Index, which is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the underlying index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the underlying index weight.
by Product (Fixed POS, Mobile POS), Component (Hardware, Software, and Services (eployment & Integration, Support & Maintenance)), End User (Grocery Stores, Specialty Stores, Gas Stations), and Region – Global Forecast to 2026′, published by MarketsandMarkets, the market size [is]to grow from USD 15.8 billion in 2020 to USD 34.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period,” a Cision PR Newswire press release said.
FINX seeks to provide investment results that correspond to the Indxx Global Fintech Thematic Index. The index is designed to provide exposure to exchange-listed companies in developed markets that provide financial technology products and services, including companies involved in mobile payments, peer-to-peer (P2P) and marketplace lending, financial analytics software, and alternative currencies, as defined by the index provider.
February 11, 2021
After rapidly approaching the $60 per barrel level, crude oil is pulling back on Thursday, even as data suggests that global oil stocks are predicted to quickly draw down in the second half of this year as demand climbs.
Crude oil futures are down 0.6% to $58.32 per barrel, while stock ETFs and other energy futures are declining as well on Thursday. The pullback comes after nine consecutive day higher, which has seen crude rally 14%.
The news creates an environment for the oil cartel, OPEC+, to lessen production limits even if higher prices lure producers from outside the group into increasing production, the International Energy Agency (IEA) said on Thursday.
State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports
Karachi, February 10, 2021 (PPI-OT): State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups; support exports by facilitating exporters to establish subsidiaries or branch offices outside Pakistan; and, allow resident Pakistanis to acquire sweat equity, amongst other changes to the Foreign Exchange (FX) regulations.
Further changes in the foreign exchange regulations will facilitate portfolio investment in the country including mutual funds, Exchange Traded Funds (ETF) and Real Estate Investment Trust (REIT) Funds through Pak rupee based Roshan Digital Account (RDA) and Special Convertible Rupee Account (SCRA). SBP, after appr