With US housing starts falling to 10-year low and US mortgage borrowers bleeding, global investors are worried about how far the credit jitters will extend to, igniting a deep correction in US market in mid-August. In this outbreak, central banks around the globe acted decisively to fight back. Central Banks of US, Japan, Australia, Canada and Russia pumped nearly 100 billions dollars into the market, proving their resolution to restore normalcy. The Fed also cut the discount rate from 6.25 percent to 5.75 percent, and this action arouses intensified speculations of a near-term Fed rate cut. Although it is still too early to say whether the rescue is successful, some investors have hailed for this, giving US major gauges a sharp turnabout, though they are still far from full recovery. F
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Warren Buffett on Bonds, Buybacks, and Apple
What Berkshire Hathaway’s chairman left out of this year’s annual shareholder letter is almost as...
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2021 Morningstar Fund Awards Malaysia
On 25 March, we will announce our annual Morningstar Fund Award winners in Malaysia
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The Dramatic Evolution of Emerging Markets (Part 1)
What does the dynamic nature of these markets mean for portfolio construction?
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TraHK U-Turns on U.S. Executive Order Backwash: Impact Analysis
Tracker Fund of Hong Kong stopped adding new investments in sanctioned companies but resumed afte...
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Asia ETF Roundup (Industry) – December 2020 and January 2021
HSI consultation on methodology enhancement; CSRC, SSE, SZSE issues guidelines on index funds
About Author
YT Kum, CFA YT Kum is a consultant for Morningstar, contributing to manager selection and asset allocation activities in Asia, and is responsible for providing investment thought leadership on topics relevent to investors in Asia.
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