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China approves two domestic gold-backed ETPs
The ETPs will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange
June 11, 2013--China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low.
Huaan Asset Management Co. and Guotai Asset Management Co. received the China Securities Regulatory Commission’s permission to start the funds, which will be denominated in yuan, said Liu Jianqiang and Li Yebin, spokesmen for Huaan and Guotai. They will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange, Liu and Li said separately by telephone from Shanghai.
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Source: MineWeb
OSE-About Open Interest for Nikkei 225 Options--Exceeding 5 million units-
June 10, 2013--Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the open interest for Nikkei 225 Options was 5,003,154 units (preliminary estimates) on June 7, exceeding 5 million units for the first time since the launch date, June 12, 1989.
It is due to the increase of needs for hedge trading taken in consideration of market fluctuation, and change in financial circumstances such as the shift from OTC trading (off-exchange trading) to exchange trading in order to minimize the counterparty risk as a tendency after Lehman Shock.
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Source: Osaka Securities Exchange Co., Ltd. (OSE)
India rupee in 'freefall' as hits record low vs dollar
June 10, 2013--India's rupee slid to a record low against the dollar Monday as dealers moved into the US currency following robust US jobs data and growing concern about the South Asian nation's struggling economy.
The partially convertible Indian currency traded at a new low of 57.77 rupees to the dollar, sweeping past its previous low of 57.32 rupees hit on June 28.
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Source: Bangkok Post
FinEx in China push for its next ETF
June 10, 2013--FinEx ETF, the exchange-traded fund arm of UK investment management firm FinEx Group, is exploring options to list ETFs in China, after being the first to successfully list them in Russia.
FinEx, which also has $1bn in private equity and hedge fund assets, listed its first ETF in London in February, and then two months later became the first firm to list an ETF on the Moscow exchange.
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Source: Financial News
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
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