Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
China Macro-No more fiscal bullets,, but more quasi-fiscal bullets
December 6, 2012--The National People's Congress approved a fiscal deficit of Rmb800bn for this year. At first glance, this deficit appears to suggest a tightened fiscal position.
But in reality, the underlying fiscal deficit this year could amount to Rmb1.37tn − 70% more than the headline deficit figure of Rmb800bn and double the size of 2011. In our view, despite the very ambitious underlying annual deficit figure for 2012, the bullets remaining for 4Q12 are limited as expenditure has been front-loaded and revenue has been underperforming. Going forward, fiscal easing will likely rely less on budget financing and more on the non-banking financial sector (i.e. quasi-fiscal measures), which could expose vulnerabilities in the bond and the trust markets.
read more
Source: Rappler
2012 List of Shariah-compliant Securities by SC's Shariah Advisory Council
November 30, 2012--SC's Shariah Advisory Council has published the List of Shariah-compliant Securities.
view more
Source: Securities Commission Malaysia
Economic growth declines to 5.3% in July-Sept quarter
November 30, 2012--The Indian economy grew by 5.3 per cent in the July-September period of the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture sectors, showing persistent signs of slowdown.
The gross domestic product ( GDP) had expanded by 6.7 per cent in the same period of last fiscal.
It had grown by 5.5 per cent in the first quarter (April-June) of 2012-13.
view more
Source: Times of India
Deutsche eying synthetic-direct ETF range in Asia
November 29, 2012--Deutsche Bank's db X-trackers is in talks with regulators in Hong Kong and Singapore about launching dual synthetic-and physical-tracking versions of its exchange traded funds.
The fund unit announced plans this month to give its European customers the option of either replication method when investing in certain ETFs tracking the equity markets in Japan, Germany and the US, UK and eurozone. Until now, db X-trackers has focused on synthetic ETFs. Its physical ETFs will begin to appear next month, and the rollout will continue into 2013.
view more
Source: FT.com
New cross-border index to be launched
November 28, 2012--CES China 120 Index to track HK & mainland listed-firms' performances
The Hong Kong Exchanges and Clearing Ltd (HKEx), the Shanghai Stock Exchange and Shenzhen Stock Exchange will introduce the first cross-border equity market index to tap the growing demand of investors seeking exposure to mainland assets.
The CES China 120 Index, the first index in the new CESC Cross Border Index Series, covers 40 HKEx-listed mainland companies as well as 80 companies listed on the Shanghai and Shenzhen exchanges.
view more
Source: China Daily
Kimco launches A-share ETF in Korea
November 28, 2012--Exchange (KRX) will list Kindex CSI300 ETF on its exchange today.
This ETF is the first China A-share index ETF to be created in Korea, and it will be managed by Korea Investment Management Company (Kimco). It has an underlying index of CSI300, ...
view more
Source: Asian Investor
E Fund eyes RQFII bump
November 28, 2012--Chinese asset management firm E Fund said Tuesday it is considering applying for an additional quota under the Renminbi Qualified Foreign Institutional Investor (RQFII) program, amid increasing demand for yuan-related products due to improved sentiment toward the economy and China's currency.
RQFII is a pilot scheme to allow foreign investors to pursue yuan assets in China's bond and stock markets.
view more
Source: Global Times
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
