To get EPFO funds listed firms need at least Rs 5,000 crore m-cap
May 18, 2015--To get EPFO funds, listed companies would need to have a minimum market capitalization of Rs 5,000 crore, even as the retirement fund body will invest only the exchange traded funds (ETF) in the current financial year.
According to the new investment pattern notified for investing incremental deposits of EPFO, investment would be in "shares of body corporates listed on Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) which have market capitalization of not less than Rs 5,000 crore as on the date of investment".
view more
Source: The Times of India
India confident of overtaking China's growth rate
May 17, 2015--India is on track to overtake China's growth with annual expansion of more than 8 per cent, says the country's finance minister.
The Delhi government is starting its second year in power by accelerating plans for economic reform and pledging to resolve tax disputes with investors.
view more
Source: FT.com
Start of Calculation of JPX-Nikkei 400 CHF Hedged Index
May 15, 2015--A new currency will be added to the JPX-Nikkei 400 Currency Hedged Index lineup as follows.
1.Outline
Name: 1.JPX-Nikkei 400 Net Total Return CHF Hedged Index
2.JPX-Nikkei 400 Net Total Return Daily CHF Hedged Index
Calculation Method Please refer to "JPX-Nikkei 400 Currency Hedged Index Guidebook".
JPX-Nikkei Index 400
Start of Calculation May 25, 2015
view more
Source: jpx.com
China's Yuan May Draw $1 Trillion on Getting IMF Reserve Status
May 15, 2015--At least $1 trillion of global reserves will switch into Chinese assets if the International Monetary Fund endorses the yuan as a reserve currency this year, according to Standard Chartered Plc and AXA Investment Managers.
People's Bank of China officials have called for the IMF to include the yuan in its reserve basket--which consists of the dollar, euro, pound and yen--in a review later this year.
view more
Source: Bloomberg
CSOP launches Hong Kong's debut ChiNext ETF
May 15, 2015--CSOP Asset Management has launched the first ChiNext ETF in Hong Kong amid the recent strong rally in mainland Chinese small-cap stocks.
The ETF tracks an index which covers the largest 100 stocks listed on ChiNext, the Nasdaq-style board of the Shenzhen Stock Exchange (SSE). In terms of market access, CSOP will use its RQFII quota to tap the constituent stocks for portfolio construction.
view more
Source: Asia Asset Management
Pension body to invest ₹6,000 cr in exchange-traded fund this year
May 15, 2015--The Labour Ministry has allowed investing a part of retirement fund body EPFO's incremental corpus in the equity market in the form of exchange-traded funds, Central Provident Fund Commissioner KK Jalan said on Friday.
"CBT in its meeting has decided and Labour Ministry has given us orders to place at least 5 per cent of our (EPF corpus) funds in equity. This year we will invest only in exchange-traded funds (ETF)," Jalan told reporters here.
view more
Source: The Hindu Business Line
More A-share ETFs switch to physical
May 14, 2015--BOCI-Prudential Asset Management has become the latest manager to make full use of the Shanghai-Hong Kong Stock Connect when it comes to building an ETF stock portfolio.
The firm's W.I.S.E.-SSE 50 China Tracker, which tracks Shanghai-listed large-cap stocks, has switched from synthetic to physical replication, as it now only uses Stock Connect to tap A-shares directly. Previously, the ETF tracked its A-share benchmark via both Stock Connect and derivatives, known as A-share access products (AXPs).
view more
Source: Asia Asset Management
China puts cross-border investment funds sale plan on backburner
May 14, 2015--China money managers worry about competition from global giants
Focus is on getting Hong Kong-Shenzhen trading link off ground
China total investable assets seen hitting 260 trl yuan by 2020
China's plan to allow cross-border sales of investment funds between the mainland and Hong Kong appears to have lost momentum after opposition from domestic money managers who fear being overwhelmed by global competitors, industry players say.
view more
Source: Reuters
Fourteen Thai stocks added to MSCI Global Small Cap Indexes effective May 29
May 13, 2015--The Stock Exchange of Thailand (SET) revealed that MSCI
Inc., a global index provider, would add 14 Thai stocks as components of its
MSCI Global Small Cap Indexes,consisting of
BA, BEAUTY, CBG, EPG, IMPACT, IFEC,
MTLS, PLANB, PTG, SIM, SCN, TSE, UNIQ, and WORK, effective from May 29 making
Thai bourse to have the most additions in the indexes in ASEAN.
view more
Source: Stock Exchange of Thailand (SET)
BetaSahres-Global Market Review: April 2015
May 12, 2015--The main theme last month was a bounce back in commodities due (perversely) to softer US and Chinese economic data, which softened the $US and raised hopes for more monetary stimulus.
We do not expect the soft patch of US economic data to last. We still favour risk markets from a medium-term perspective, with a bias toward unhedged international exposure.
view more
Source: BetaShares
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.