ICI Global to set up shop in Hong Kong
This trade association for global fund managers will open its office on May 1
February 26, 2013--ICI Global said its coming to Hong Kong is a reflection of the rapid growth of the asset management industry in Asia.
Ms Qiumei Yang, a senior executive from the Hong Kong Stock Exchange, will oversee ICI Global’s operations in Asia.
Yang served as head of mainland development at Hong Kong Exchange and assisted in the acquisition of the London Metal Exchange in 2012.
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Source: Hong Kong Business
S. Korea to introduce synthetic exchange-traded fund in H1
February 26, 2013--South Korea's financial regulator said on Tuesday that it would introduce a new type of exchange-traded fund (ETF) that tracks an index through swap contracts.
The Financial Services Commission (FSC) approved the revised bill submitted by the main bourse operator Korea Exchange to adopt the synthetic ETF and list the index-tracking product in the first half, according to an e-mailed statement.
ETF is an index-tracking mutual fund that is traded and priced in real-time on exchanges like listed stocks. The investment vehicle holds stocks and bonds to track a certain index, and it has advantages such as low costs and access to a wide range of asset classes.
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Source: China.org
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM reduced by $1.8bn amid mixed equity markets
February 26, 2013--Market Review
Last week, Asia-Pacific region had mixed markets. Compared to the week before, from north to south:
Japan (Nikkei 225) +1.90%
Korea (KOSPI2) +2.12%
China (CSI 300) -6.32%
Hong Kong (HSI) -2.82%
Singapore (FSSTI) +0.15%
Australia (S&P/ASX 200) -0.31%
New Product Launch Review
Last week, one new product was launched in the Asia-Pacific ETP market. One Asset Management Ltd listed an equity ETF on Thailand Stock Exchange tracking SET100 Index.
Turnover Review
Asia-Pacific ETP turnover totaled $13.4bn for the last week, 180% up from the previous week’s total. South Korea remained on the top of the turnover ranking with $4bn turnover, followed by China ($3.6bn), Hong Kong ($3.6bn), and Japan ($1.4bn). Among equity ETFs, emerging country, leveraged long, Asia-Pacific developed country, and short ETFs had total turnovers of $8bn, $1.9bn, $1.7bn, and $0.9bn respectively. Among the commodity asset class, turnover in gold ETPs totaled $149mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM decreased by $1.8bn and ended at $137.5bn. On a year-to-date basis, Asia-Pacific ETP market is up by $1.6bn or 1.2% above last year’s closing.
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Source: Deutsche Bank - Synthetic Equity & Index Strategy - Asia
EURO STOXX 50 Index Licensed To China Universal To Underlie Exchange-Traded Fund
February 26, 2013-- STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that the EURO STOXX 50 Index has been licensed to China
Universal to serve as the basis for an exchange-traded fund (ETF).
The CEOs of STOXX Limited and China
Universal gathered at an official signing ceremony in Shanghai today to mark this occasion.
It is the first time that the EURO STOXX 50 Index has been licensed to underlie an ETF in China. There are currently 21 ETFs on the index available, globally.
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Source: STOXX
TSE has published the index value of TSE Home Price Index for December
February 26, 2013--The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 76.44 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 80.52 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 75.87 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 66.41. The index value of TSE Home Price Index (Used Condominium, Saitama) is 64.67 points.
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Source: Tokyo Stock Exchange (TSE)
Nikkei Leads Asia Up With 2.4% Surge
February 24, 2013--Most Asian stock markets rallied on Monday, led by a 2.4 percent jump in Japanese shares after the yen slumped on news the government looks set to nominate Haruhiko Kuroda, the president of the Asian Development Bank and advocate of aggressive monetary easing, as the next Bank of Japan governor.
HSBC's flash China PMI for February showed growth in the country's manufacturing sector pulled-back from two-year highs despite racking up a fourth consecutive month of expansion, taking the edge off gains in China and Australia, where are stocks are arguably among the most sensitive to Chinese economic data.
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Source: CNBC
Robeco deal generates great interest
February 24, 2013--More than 50 potential bidders expressed interest in Robeco, the asset management arm of Rabobank, that was last week sold to Orix of Japan, according to advisers on the deal.
The unusually high level of interest in the Dutch house, which has €189bn of assets under management, is a sign of continued interest in acquiring European asset managers. This is despite a number of recent deals -such as Deutsche Bank ’s plan to sell part of its operations and Unicredit's lengthy attempt to offload Pioneer Investments..
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Source: FT.com
China widens access to fund markets
February 24, 2013--China is expanding its fund management market by allowing securities firms, insurance companies and private fund managers to launch retail funds via asset management arms.
At present, fund companies are the only participants allowed to operate in China’s mutual fund industry but from June 1 that will change.
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Source: FT.com
China to relax rules on foreign investment under RQFII: Xinhua
February 24, 2013--China will soon relax rules for qualified foreign investors when they channel their offshore yuan holdings into China's securities market, the official Xinhua news agency said on Sunday.
Under the revised rules, Renminbi Qualified Foreign Institutional Investors (RQFII) will no longer be required to put at least 80 percent of their funds into the domestic fixed income market, Xinhua said, citing market regulator the China Securities Regulatory Commission.
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Source: Reuters
Asian banks win record share of debt deals
February 24, 2013--The market share of Asian banks arranging corporate bonds for European and US companies has risen to an all-time high,
in a sign of the growing power of eastern financial institutions on global capital markets. Banks, mainly based in China and Japan,...
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Source: FT.com
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