In today’s briefing:
- New Year New NISA Accounts – It’s BIG, But Not so Big
- Quiddity Leaderboard for Hang Seng Index Mar 24: More Room Being Created for IT Names?
New Year New NISA Accounts – It’s BIG, But Not so Big
- The Kishida administration put out a Doubling Asset-Based Income Plan in 2022. The goal? To get cash savings (corporate/individual) into growth assets and increase asset-based return contribution to income.
- The goal included doubling the number of NISA accounts, and the amount invested in the next five years. On 1 January 2024, NEW NISA account contribution totals were trebled.
- If accounts double, and contribution totals treble, and exemptions are now permanent, investment doubling is a quasi-certainty. The question is how it turns into income-producing assets. That’s MUCH tougher.
Quiddity Leaderboard for Hang Seng Index Mar 24: More Room Being Created for IT Names?
- In this insight, we take a look at a group of names with reasonably high likelihood of being involved in index changes for the Hang Seng Index in March 2024.
- The index changes for the March 2024 index rebal will be announced on 16th February 2024.
- While the Hang Seng Index selection process is highly subjective, we continue to believe that identifying eligible names and grouping them by conviction level could be a valuable exercise.
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