Over the past week, a series of secondary economic releases were scheduled, most of which reported lower-than-expected results compared to the market consensus. Despite this, treasury bond yields experienced a significant increase throughout the week, primarily driven by short-duration bonds. This surge can be attributed to a reversal in the sharp rally observed following the recent CPI report and Federal Reserve minutes released on May 22. This fluctuation may persist in the bond market in the near term. That being said, short-term maturities are nearing their recent peaks following the sell-off, presenting an appealing opportunity for a tactical bullish perspective. Thus, we expect CSOPUMM to continue to deliver stable yield in the near term. As of 20240524, the fund has gross yield of 5

· The August CPI and PPI data suggest that the Fed's preferred inflation gauge, the core PCE deflator, will likely remain steady at 0.16% when it is released on Sep 27. This could prompt officials to start cutting rates this month. However, without a clear signal from the Fed for a significant rate cut, a 25-bp move in September is more likely. · The core PCE deflator for Aug is estimated to be 0.16%, consistent with the monthly pace required for inflation to return to the Fed's 2% target. The core PCE likely rose to 2.7% in Aug on a yoy basis. Fed Chair Jerome Powell’s favored “supercore” inflation measure likely rose 0.2% in Aug. T · The biggest drag on August core PCE will likely come from other durable and nondurable goods, recreation goods and services, and financial services. However

Performance King With a 31% price return, $CSOP SEA TECH ETF S$(SQQ.SI)$ / $CSOP SEA TECH ETF US$(SQU.SI)$ becomes the best ETF performer in 2024 YTD(NOV) at SGX[1]. SQQ/SQU has also garnered significant attention from investors in China. As of Decmber 4th, the total NAV of CSOP iEdge Southeast Asia + Technology Index ETF reached 240 million USD.[2] CSOP iEdge Southeast Asia + Technology Index ETF is the first ETF in Singapore to provide investment opportunities in the technology industry in Southeast Asia and India. By investing in this ETF, investors can take advantage of the huge growth potential of emerging markets in Asia and diversify their portfolios by investing in the dynamic technology sect

•Last week, $CSOP LOW CARBON US$(LCU.SI)$ LCU (+2.73% in USD), $CSOP SEA TECH ETF US$(SQU.SI)$ SQU (+0.87% in USD), $CSOP DIV ETF S$(SHD.SI)$ SHD (+1.03% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ SCY (+4.43% in SGD) gained while $CSOP S-REITs INDEX ETF(SRT.SI)$ SRT (-0.69% in SGD) fell slightly amidst a backdrop of a dovish FOMC statement post FOMC meeting where rates were held constant. •LCU’s gains were primarily attributable to industrials, financials and consumer discretionary by sectors and Japan and China by country. By individual firms, gains were due to

Weekly Performance Checkpoint 【SRT】 SRT’s losses were led by industrial, office and retail subsectors, as well as CICT, FLT and CLINT by individual REITs. FLT fell after being cut to underweight at JPM. 【MMF】 Swap market pricing less than 50% chance of a Fed rate cut in December. We expect CSOPUMM to continue to deliver stable yield in the near term. As of 20241122, the fund has net yield at 4.69%. ^ Source: CSOP, Bloomberg, JP Morgan as of 20241122. ^ 7-day net yield is calculated based on calendar days and NAVs in 5-decimal. 【CN】 Last week, CGB price was gained slightly in CNY but fell slightly in USD terms. YTD as of 20241121, the CYC/CYB rose +5.45% in CNY and gained +3.29% in USD*. Source: CSOP, FTSE Russell, Bloomberg as of 20241121. * CYC/CYB/CYX USD NAV is converted based on benchm

•Last week, LCU (+2.01% in USD), SQU (+3.15% in USD), SRT (+7.10% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (+1.96% in SGD) gained, while $CSOP DIV ETF S$(SHD.SI)$ (-1.32% in SGD) fell. • $CSOP LOW CARBON US$(LCU.SI)$ gains can be attributable to IT, consumer discretionary and financials by sectors. By geography, gains were led by Japan, Taiwan and China. In terms of individual firms, gains were mainly driven by TSMC, Sony Group and Tokyo Electron. $Taiwan Semiconductor Manufacturing(TSM)$ gained as it reported its fastest sales growth since 2022 in Q2. Sony Group rose amidst a backdrop of Sony Music Entert

East Asia 【 $CSOP LOW CARBON US$(LCU.SI)$ 】YTD Return: +11.89% • Samsung Electronics' shares rose up to 3% on 2024/11/25, reaching a high since Nov. 8, after Nvidia's CEO confirmed that they are fast-tracking the certification of Samsung's AI memory chips. • The impending additional 10% tariffs on Chinese goods by the US could impact Chinese equities. 【 $CSOP SEA TECH ETF S$(SQQ.SI)$ 】YTD Return: +28.23% • Loop Capital has raised Sea Ltd's price target to $135, citing significant improvements in its e-commerce and gaming sectors. • Sea Ltd is to benefit from its strong year-on-year in-app purchase revenue growth in October, and the positive outlook following the Asia Internet Conference as mentioned b

$CSOP SEA TECH ETF S$(SQQ.SI)$  Did you know that global industrial relocation is shifting to Southeast Asia now? Also, the digital economy in Southeast Asia is developing rapidly, benefitting from a booming middle class. CSOP is launching a new ETF in Singapore, presenting an exciting opportunity for investors to participate in the rapid growth of the digital economy in Southeast Asia and India! We believe this product offers unique strengths in the SG capital market. Take some time to go through the long poster, and you will know why you should invest in the CSOP iEdge Southeast Asia+ Tech Index ETF! Don't miss out on this chance to capture the opportunities in the thriving SEA tech sector! Source: CSOP Important Information The investmen

【China】 🔸 Chinese Stocks Surge on Return From Holidays as Euphoria Extends. Chinese stocks listed onshore jumped as trading resumed following a week-long holiday, with encouraging home sales and consumption data giving fresh impetus to a rally sparked by Beijing’s stimulus blitz. The benchmark CSI 300 Index and SSEC Index climbed almost 11% in early trading before paring its advance. The measure had gained for nine straight sessions through Sept. 30 before heading into the Golden Week break. $CSOP Star&Chinext50 S$(SCY.SI)$ $CSOP DIV ETF S$(SHD.SI)$ 【Asia-Pacific】 🔸 Nikon (7731 JT) Shares Jump After EssilorLuxottica Discloses 5.1% Stake. Nikon shares surge 7.9% in Tokyo, the most since Aug. 6, aft

Why SREITs? Stable and High Yield: SREITs offers a yield of 4 to 7%,  higher than deposit rates, broad equity market dividend yield, as well as REITs in major markets Lower Volatility and Correlation: SREITs have a moderate correlation to both stocks and bonds, and at lower volatility Hedge against inflation: Inflation leads to higher rents, which is positive for SREITs Diversification Benefits: SREITs offer exposure to real estate, across a wide range of sub-sectors and geography. Tax Benefits: Individual SREIT ETF investors enjoy a tax-exempt distribution on taxable income * Why Now? Peaking Interest Rates: Interest rates are peaking as inflation is easing, and the next move is likely rate cuts. SREITs’ cost of debt is closer to market rates and the erosion of distributions will soo

Last week, LCU (+0.59% in USD) and SQQ (+0.20% in SGD) and $CSOP DIV ETF S$(SHD.SI)$ (+0.19% in SGD) gained, while SRT (-0.42% in SGD) and $CSOP Star&Chinext50 S$(SCY.SI)$ (-4.35% in SGD) fell. $CSOP LOW CARBON US$(LCU.SI)$ gains can be attributable to financials, industrials and healthcare by sectors. By geography, gains were led by Japan, South Korea and Singapore. In terms of individual firms, gains were mainly driven by Toyota Motor Corp, Samsung Electronics and Mitsubishi UFJ Financial. $Toyota Motor Corp.(TOYOF)$ rose after being raised to outperform from neutral by Macquarie analyst. Samsung Electron

We are thrilled to announce the upcoming listing of the CSOP iEdge Southeast Asia+ TECH Index ETF on 20 June, 2023. The initial offering period (IOP) starts as early as TODAY! Here we present some key features of the product! The first ETF in Singapore that aims to seize a unique investment opportunity in the booming tech industry within fast-growing regions of Southeast Asia and India. This ETF tracks the iEdge Southeast Asia+ TECH Index, providing exposure to 30 leading technology firms across six markets in Southeast Asia and India. These firms operate in various sectors, including IT, software, retail, car manufacturing, and electronic components and manufacturing. By doing so, the ETF captures the growth potential of emerging Asian markets. Stay tuned for the innovative product launch