ETF inflows top $1 trillion for first timeUpdated: 2021-12-13 07:22:47 KST Inflows into exchange-traded funds surpassed one trillion U.S. dollars for the first time this year, surpassing last year's 735-billion dollars. The record figure was achieved at the end of November, and comes on the back of a record 380 ETFs launched in the U.S. alone in 2021. Currently, the amount of funds in ETF assets stands at nearly 9.5 trillion dollars, more than double the amount seen at the end of 2018. Experts say rising stock markets and a lack of high-yield alternatives prompted investors to turn to ETFs in greater numbers.
%% Amen; more inverse bond ETFs on the way also...........................................................................
https://www.marketwatch.com/story/a... into ETFs,according to Morningstar Inc. data. -----------------------------------------------------------------------------------------/ https://www.bloomberg.com/news/arti...fiscal-stimulus-soon-after-setting-priorities "Economists predict China will start adding fiscal stimulus in early 2022 after the country’s top officials said their key goals for the coming year include counteracting growth pressures and stabilizing the economy. Curbs on the property industry are expected to remain, while there could be fewer regulatory surprises compared with sudden moves in 2021 to rein in sectors from technology to education and entertainment, the economists said. At the end of their three-day annual Central Economic Work Conference, the Communist Party’s top decision makers on Friday said the top priority for next year is “ensuring stability.” They also vowed to “front load” policies and keep the monetary stance flexible and appropriate. “Fiscal policy is expected to play a main role in supporting growth next year,” said Ding Shuang, chief economist for Greater China at Standard Chartered Plc, while housing policies will see “fine tuning” rather than a major shift, he added. Slowing Momentum China's economic growth is set to decelerate further in the fourth quarter Source: National Bureau of Statistics of China, Bloomberg surveys of economists The economy has slowed in recent months because of the worsening property market slump, weak consumption growth, and repeated outbreaks of Covid-19, which have damaged businesses and consumers’ confidence. The meeting’s relatively hawkish language on real estate suggests that the drag from property will mostly persist. Policy for most of this year had been focused on curbing financial risks and reducing debt in the economy, and developer China Evergrande Group last week became the largest casualty of President Xi Jinping’s campaign to tame over-leveraged conglomerates and the overheated property market. Read more: China Shifts Focus to Economic Stability as Growth Weakens LISTEN: Bloomberg’s Stephen Engle and Juliette Saly discuss China’s three-day annual Central Economic Work Conference. A call for counter-cyclical policies was the first time Chinese authorities have used the phrase this year, Barclays Plc analysts led by Jian Chang wrote in a note. That “should help ease market concerns of a sharp slowdown in economic growth,” they said. Economists forecast growth to slow to 3.1% in the current quarter, a deceleration from 7.9% in the April-June period and 4.9% in the last quarter. An official target for gross domestic product growth next year will only be revealed at the annual parliament meeting in March, and analysts predict authorities will do more to ensure growth will reach around 5%. What Bloomberg Economics Says... Macroeconomic easing might not be dramatic in terms of scale, but will likely be front-loaded early in 2022. The statement after the meeting contained clues pointing to likely regulatory loosening, even as ‘common prosperity’ and carbon neutrality continued to be held up as key goals and preventing property speculation remained a key policy area. Chang Shu, chief Asia economist For the full report, click here. Policy makers will start with “conventional” monetary and fiscal tools, such as cuts to bank reserve requirements and accelerated infrastructure spending, and could loosen curbs on the property sector and local government debt if conventional efforts don’t bear fruit, wrote Larry Hu, chief China economist at Macquarie Group Ltd., in a note. Beijing is also expected to guide banks to issue loans at a faster pace next year, after it omitted references to efforts to control debt levels in the economy from its summary of the meeting. “They dropped a lot of the hawkish words on credit growth,” said Chen Long, an analyst at Beijing-based consultancy Plenum. Local officials need to think carefully before launching any policies that might hurt economic growth, senior economic official Han Wenxiu said at a briefing over the weekend. “All regions and agencies must take responsibility to uphold economic stability, actively introduce policies that can help stabilize the economy, and be cautious in imposing measures that will have a contractionary effect,” Han said. Read more: Stability Most Important Word for China’s Economy What's driving the global economy The New Economy Daily dives into what the changing landscape means for policy makers, investors and you. Email Enter your email Sign Up By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg. In a move that should support fiscal spending early next year, Beijing has told local governments that they can begin selling “special” bonds earmarked for 2022 from January 1, 21st Century Business Herald reported Monday. Bond sales are not officially approved until after the parliament votes on the budget in March, but China has allowed local governments to start selling bonds before that in the past few years. In 2021, local governments were allowed to issue 3.65 trillion yuan ($574 billion) of such “special” bonds -- so-called because they fund specific projects rather than general expenditures -- and have sold 3.58 trillion yuan worth so far after rushing to meet the quota in recent months, according to Bloomberg data. Still, the meeting’s call for local governments to avoid taking on more debt suggests it will be difficult for them to maintain high levels of fiscal spending in the longer term. “It seems to me that there will be strong stimulus only in the first quarter,” said Houze Song, a research fellow at the Paulson Institute. “Because there remains tight control over new local government off-budget debt, stimulus will weaken as on-budget fiscal expenditures normalize in the second half.” — With assistance by Lin Zhu, James Mayger, and Yujing Liu
the market has grown exponentially. Look at NQ. A decade ago, NQ was only 5 digits (xxx.xx). Now NQ is 7 digits ( xxxxx.xx).
%% Look @ SQQQ today\ respectable $7 area+/; NQ + QQQ have better long term trends. Better medium term trends also...................................................................................