The Latest News:
- ALD touched a new 52-week high Tuesday, one just 13 ETFs to do so.
- Heavy trading centered on new issues and piled into Indonesian sovereign debt ahead of the presidential elections on July 9, Reuters reports.
- Japan’s aging population has helped drive demand for Asian bonds as the country’s pension fund moves to diversify its holdings, Bloomberg reports.
- “The moves by GPIF and other public pension funds should be positive for pretty much all of Asia’s financial markets,” Thiam Hee Ng, a senior economist at the Asian Development Bank in Manila, said in the Bloomberg article. “Japanese investors have traditionally been quite conservative. We’d expect that they would focus their investment on the more developed and high-rated markets in Asia like Korea, Hong Kong or Singapore.”
WisdomTree Asia Local Debt Fund
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.