ETF Trends
09-10-2008, 02:40 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/09/hong-kong-709939.jpgHong Kong’s exchange traded funds (ETFs) might be hurting some from a delay to full democracy, but it hasn’t snuffed out the country’s democratic spirit.
Just look at Sunday’s elections: pro-democracy parties won 23 seats in the 60-member Legislative Council elections. Although that’s down from 25 after the last election in 2004, the losses only came from the ranks of special-interest legislators, reports the Wall Street Journal Asia (http://online.wsj.com/article/SB122090103576011243.html?mod=googlenews_wsj).
Voter turnout was low - 45% - but the pro-democracy candidates did better than expected and retained a critical veto power, says Carl Delfeld for ETF Xray (http://etfxray.typepad.com/etfxray/2008/09/hong-kong-democ.html).
Voters are frustrated with the current government’s economic record. Just before Sunday’s vote, a public opinion poll found that 87% of voters said their decision would be driven by “livelihood” issues such as housing and education. Seventy-seven percent said they were focusing on economic policies.
Inflation is running 6.3% and gross domestic product (GDP) growth slowed to 4.2% in the second quarter, down sharply from 7.3% in the first.
ETFs that are related:
NETS Hang Seng Index (HKG (http://finance.yahoo.com/q?s=hkg)), down 17.5% since April 16 inception
iShares MSCI Hone Kong Index (EWH (http://finance.yahoo.com/q?s=ewh)), down 32.2% year-to-datehttp://www.etftrends.com/wp-content/uploads/2008/09/z35.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/388828148/shift-to-democracy-could-be-kick-hong-kong-etfs-need.html)
http://www.etftrends.com/wp-content/uploads/2008/09/hong-kong-709939.jpgHong Kong’s exchange traded funds (ETFs) might be hurting some from a delay to full democracy, but it hasn’t snuffed out the country’s democratic spirit.
Just look at Sunday’s elections: pro-democracy parties won 23 seats in the 60-member Legislative Council elections. Although that’s down from 25 after the last election in 2004, the losses only came from the ranks of special-interest legislators, reports the Wall Street Journal Asia (http://online.wsj.com/article/SB122090103576011243.html?mod=googlenews_wsj).
Voter turnout was low - 45% - but the pro-democracy candidates did better than expected and retained a critical veto power, says Carl Delfeld for ETF Xray (http://etfxray.typepad.com/etfxray/2008/09/hong-kong-democ.html).
Voters are frustrated with the current government’s economic record. Just before Sunday’s vote, a public opinion poll found that 87% of voters said their decision would be driven by “livelihood” issues such as housing and education. Seventy-seven percent said they were focusing on economic policies.
Inflation is running 6.3% and gross domestic product (GDP) growth slowed to 4.2% in the second quarter, down sharply from 7.3% in the first.
ETFs that are related:
NETS Hang Seng Index (HKG (http://finance.yahoo.com/q?s=hkg)), down 17.5% since April 16 inception
iShares MSCI Hone Kong Index (EWH (http://finance.yahoo.com/q?s=ewh)), down 32.2% year-to-datehttp://www.etftrends.com/wp-content/uploads/2008/09/z35.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/388828148/shift-to-democracy-could-be-kick-hong-kong-etfs-need.html)