In today’s briefing:
- Index Rebalance & ETF Flow Recap: NKY, CSI300, SSE, REMX, ASX, SET50, CH50/A50, EPRA, Mercari, GOTO
- ECM Weekly (5th June 2022) – Tsingtao, Woodside, Digital Tel, CALB, Scivita
- Longleaf Partners Asia Pacific UCITS Fund Q1 2022 Commentary
- Longleaf Partners Global UCITS Fund Q1 2022 Commentary
Index Rebalance & ETF Flow Recap: NKY, CSI300, SSE, REMX, ASX, SET50, CH50/A50, EPRA, Mercari, GOTO
- Last week was a busy one with the TPX INDEX rebalance, the MSCI rebalance and announcements of changes to the FTSE China A50/50, EPRA, FTSE Taiwan 50 and S&P/ASX indices.
- The coming week has the implementation of KOSPI2 INDEX, KOSDQ150 INDEX, HSI INDEX, HSCEI INDEX, HSTECH INDEX, SHSZ300 INDEX, STAR50 INDEX, SSE50 INDEX rebalances and the announcement of REMX changes.
- There were inflows to Korea, Japan, Hong Kong and Australia focused ETFs during the week, while there were outflows from China and India focused ETFs.
ECM Weekly (5th June 2022) – Tsingtao, Woodside, Digital Tel, CALB, Scivita
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- IPO volumes remain subdued across the region, although a number of deals are said to be looking to launch soon.
- Placements stole the limelight this week with Tsingtao, Woodside and Digital Tel Infra all managing to do well.
Longleaf Partners Asia Pacific UCITS Fund Q1 2022 Commentary
- Longleaf Partners Funds is a suite of mutual funds and UCITS funds that Southeastern Asset Management, the investment advisor to the Longleaf Partners Funds, created in 1987 as a way for Southeastern employees to invest alongside their clients.
- Longleaf Partners Asia Pacific UCITS Fund returned -7.48% in the first quarter, trailing the MSCI AC Asia Pacific Index.
- There is an immense opportunity to be in the right companies as they close that massive discount to a more reasonable discount versus global peers.
Longleaf Partners Global UCITS Fund Q1 2022 Commentary
- Longleaf Partners Funds is a suite of mutual funds and UCITS funds that Southeastern Asset Management, the investment advisor to the Longleaf Partners Funds, created in 1987 as a way for Southeastern employees to invest alongside their clients.
- Longleaf Partners Global UCITS Fund declined 5.02% in the first quarter, roughly in line with the MSCI World’s 5.15% decline.
- The Fund saw a continuation of China/Hong Kong exposure weighing on absolute and relative returns.
- We are close to fully invested with approximately 8% cash, and our on-decklist is growing longer amid market volatility.
- We believe our companies in Asia and Europe are well positioned to navigatethe challenges facing each region today.
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