For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) - September 2019”.
Major Markets Performance
Major global equity markets generally rebounded in September in spite of geopolitical tension and signs that growth may be slowing. U.S.-China trade tensions continued to grab headlines and the U.K. Supreme Court ruled that the Prime Minister’s decision to suspend the Parliament for five weeks was unlawful. The S&P 500 and the FTSE 100 gained 1.7% and 2.8%, respectively. China’s equity markets were up slightly (HSCEI +1.2%; CSI 300 +0.4%; Shanghai Composite +0.7%). Emerging markets’ performance was mixed. Pakistan was among the strongest performers, surging 8.6% in September after posting an 8.4% decline in August (as measured by their respective MSCI indices in U.S. dollar terms).
