Asia ETF Roundup (Market) – September 2021

Rate hikes in Russia and Brazil; China bans crypto currency related activities

Jackie Choy, CFA 06 October, 2021 | 11:24
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For the latest ETF industry news, please refer to our “Asia ETF Roundup (Industry) – September 2021”.

 

Major Markets Performance

News related to the U.S. debt ceiling and China’s Evergrande (03333, listed in Hong Kong) debt crisis pushed markets lower in September. The Morningstar Global Markets, Developed Markets, US Market and Europe indexes slipped anywhere from 4-5% during the month. Emerging equity markets also slumped in September. Equity markets in Pakistan, Thailand and Brazil fell between 6-12%. Chinese stocks’ losses were largely in-line with the global markets, at 4.7% (proxied by their respective Morningstar indexes in U.S.-dollar terms).

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About Author

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

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