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Asia ETF Roundup (Market) – June 2021

U.S. Fed raises inflation projection and pencils in rate hike in 2023

Jackie Choy, CFA 08 July, 2021 | 10:58
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For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) – June 2021”.

 

Major Markets Performance

Inflation concerns set markets off on a wobbly start in June, but they found their footing. The Morningstar US Market Index ticked up 2.6% in June. The S&P 500 and Nasdaq notched new all-time highs towards the end of the month. Asian markets’ performance was mixed. Taiwanese and Korean equity markets saw gains of 2.0% and 1.4%, respectively, while equity markets in Indonesia, Malaysia, Pakistan and Thailand lost 3%-5%.

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About Author

Jackie Choy, CFA  is the Director of ETF Research for Morningstar Investment Management Asia

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