Deutsche Bank opens 200-tonne gold storage facility in Singapore
June 10, 2013--In a bid to capture part of the surging demand globally for physical bullion, Deutsche Bank has launched its second-biggest gold storage vault in Singapore.
Deutsche Bank has launched its second-biggest gold-storage vault in Singapore that can hold up to 200 tonnes of the metal as it looks to capture surging global demand for physical bullion.
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Source: MineWeb
iShares launches Asia's first offshore RMB-denominated bond ETF
June 7, 2013--BlackRock announced on Thursday (June 6) that its iShares exchange traded funds (ETFs) business, the world's largest manager of ETFs, is expanding its fixed income ETF product suite with the launch of Asia's first offshore RMB-denominated bond ETF-the 'iShares RMB Bond Index ETF' in Hong Kong.
The new ETF is designed to address the growing demand from investors for opportunities to tap into the rapidly developing offshore RMB (Dim Sum) bond market, while offering the benefits shared by iShares ETFs; including exchange-traded liquidity, provider stability and transparency.
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Source: Asia Asset Management
ETF/ETN Monthly Report for May 2013-Average daily trading value breaches the 100 billion yen mark for the first time!
June 7, 2013--Trading activity in the ETF/ETN market in May continued to rise on the back of vibrant stock market conditions.
Monthly trading value surged past the 2 trillion yen mark, bringing the daily average past the 100 billion yen milestone for the first time since the market was launched.
Since listing on May 9, "Nikkei 225 Bull 2x ETF (1579)" has garnered trading value in excess of 18 billion yen for the month. Ranked 15th in terms of trading value, the issue has managed to secure deep liquidity.
Volatile conditions in the stock market in the latter half of May led to a sharp increase in trading of "NEXT NOTES Nikkei 225 VI Futures Index ETN (2035)", an issue tracking a volatility index.
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Source: Tokyo Stock Exchange (TSE)
Nikko AM makes monumental management manoeuvres
June 7, 2013--Nikko Asset Management (Nikko AM) is to nominate Takumi Shibata as its candidate to be director and chairman at its annual shareholders' meeting on June 28.
Upon approval, his appointment will take effect on July 1. Charles Beazley will remain president and CEO and continues to be responsible for the day-to-day management of the business.
In this move, Nikko AM will separate the roles of chief executive and chairman in line with common corporate governance practices, with the chairman in charge of governance related matters and the CEO in charge of executing the business strategy and running Nikko AM’s day-to-day business.
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Source: Asia Asset Management
Thai bourse lists KTAM SET Commerce ETF Tracker on June 11
June 7, 2013--The Stock Exchange of Thailand (SET) will list KTAM SET Commerce ETF Tracker, managed by Krung Thai Asset Management pcl, on its main board on June 11, under the ticker "ECOMM". The fund's policy allows for dividend payments of up to 4 times per year.
Kesara Manchusree, a SET Executive Vice President and Head of the Markets Division, said: "ECOMM, an open-end exchange-traded fund (ETF), will track the performance of the SET Commerce Sector Index, which has achieved higher growth rates than other sectors since last year. At present, apart from ECOMM, investors can enjoy purchasing units in a variety of KTAM ETFs, such as EBANK, tracking the SET Banking Sector Index; ENY, following the SET Energy and Utilities Index; or EFOOD, tracking the SET Food and Beverage Index." "The SET Commerce Sector Index, consisted of 16 securities related to wholesale and retail trade in Thailand, has an average daily trading volume of THB 4.5 billion (approx. USD 150 million), amounting to about 7 percent of total market value.
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Source: Stock Exchange of Thailand (SET)
Custom ETF mandates on the rise in Asia
June 6, 2013--More Asian banks and institutions are offering discretionary exchange-traded fund portfolios to private banks and high-net-worth individual investors in the region.
Although banks have been customising ETF-based offerings for investors for some time, the practice is becoming increasingly popular in Asia, says Deborah Fuhr, managing partner at London-based consultancy ETF Global Insight.
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Source: Asian Investor
SSE and CSI Dividend Potential Index, SSE and CSI Sector Dividend Indices To be Launched
June 5, 2013--To further enhance index family as well as to provide new analysis tools and underlying instruments for investors, SSE and CSI today announced that SSE Dividend Potential Index, CSI Dividend Potential Index, SSE Sector Dividend Indices and CSI Sector Dividend Indices to be launched on July 2, 2013.
Regarding the methodology and more details of the above indices, please refer to the official website of SSE (www.sse.com.cn) and CSI (www.csindex.com.cn).
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Source: Shanghai Stock Exchange
Shanghai Stock Exchange And China Securities Index Co. Dividend Potential Index, SSE And CSI Sector Dividend Indices To Be Launched
June 5, 2013--The Shanghai Stock Exchange (SSE) and China Securities Index Co (CSI) will launch a series of new equity indices on July 2 designed to serve as benchmarks for investors targeting high-yield stocks with strong dividend growth potential, according to information posted Wednesday on their websites.
Two of the benchmarks, the SSE Dividend Potential Index and the CSI Dividend Potential Index, will be composed of the top 50 shares offering the most sustainable and consistent dividend payouts trading on the SSE and the broader A-share market respectively, the two institutions announced.
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Source: Global Wire
Singapore ETF market outlook
June 5, 2013--Exchange Traded Funds (ETF) have been trading on the Singapore Exchange (SGX) for 10 years now but their popularity while on the uptick still lags behind other places like Hong Kong.
A dip in ETF turnover this year has left investors wondering where the Singapore ETF market is headed.
The first four months of the year haven't been too friendly to Singapore's ETFs.
While trading activity jumped on the SGX in January, both its volume and value have been on the steady decline ever since.
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Source: Channel News Asia
RQFII managers get record quota, plan products
June 4, 2013--RQFII fund managers can now offer a more diverse range of products, including segregated accounts,
as Chinese authorities ramp up quota handouts
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Source: Asian Investor
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