SINO Real Estate Index is Launched Today
August 20, 2012--Shenzhen Securities Information Co., Ltd. declared on August 20, 2012 to launch SINO Real Estate Index, which is designed to reflect the return of real estate stocks, providing investment targets in industry segments, propelling the development of index fund products.
SINO Real Estate Index (Code: 399393, Abbreviation: SINO Real Estate) takes December 31, 2004 as base day, and 1000 points as base point.
Sample space of SINO Real Estate Index is formed by A-share stocks, whose primary industry are financial real estate or secondary industry are real estate in light of CNINFO Industry Classification Standard, from Shanghai and Shenzhen markets. With average current market capitalization and market proportion of thereof average trading volume weighted in the light of 2:1, the stocks from the sample space are ranked; the top 50 stocks will be selected as sample stocks for the index. 15% upper weight is set for specific stock in order to avoid the phenomenon of specific sample stock being overweighed.
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Source: Shenzhen Stock Exchange
Comments on proposed CFTC cross--border releases on swap regulations
August 20, 2012--The Financial Services Agency and the Bank of Japan sent a comment letter on August 13, 2012 to the CFTC regarding the proposed CFTC cross-border releases on swap regulations issued for public comment.
For our comments, please follow the link below.
view JFSA-BOJ joint comment letter on proposed CFTC cross-border releases on swap regulations
Source: FSA Japan
Japan Likes Leveraged ETFs
Regulators have permitted these bets on market direction as part of a broad push for exchange-traded funds. They hold appeal in a rally-starved country.
August 18, 2012--Japan has two of the world's most technologically advanced stock exchanges in Tokyo and Osaka.
But it's just starting to dip a toe in the water of exchange-traded funds At the end of July, Japan had only 105 ETFs with $43.65 billion in assets, about 3.5% of the U.S.'s $1.2 trillion in ETF assets. That's a much wider gap than the size of the two stock markets would suggest: Japan's Topix 1000's market cap is 23% of that of the Standard & Poor's 1500's $14.3 trillion.
"Japan's ETF market is only just emerging," says Koji Yamamoto, president of State Street Global Advisors (Japan). "So the potential is huge."
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Source: Barron's
Market to offer exchange-traded funds
August 15, 2012--Exchange-traded funds are urgently needed and are expected to become operational on the Vietnamese stock market next year, the State Securities Commission has announced.
Developing exchange-traded funds (ETFs) was a must, said Ha Noi Stock Exchange deputy director Nguyen Anh Phong. Only stocks, bonds and closed-end fund certificates were currently being traded on the market, Phong said, and the current model of closed-end funds made it difficult for fund management companies to create new products.
“These companies need a more flexible and effective tool,” Phong said at the seminar last Friday. “Fund management companies, brokerages and investors are all eager for ETFs.”
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Source: Business Times
RQFII ETFs no threat, says iShares chief
BlackRock's exchange-traded funds arm is putting a new sales-support function in place, but has no plans to launch an RQFII ETF investing in A-shares.
August 17, 2012--iShares' new Asia-Pacific head is confident its FTSE A50 China Index exchange-traded fund will retain its popularity in the face of newly
launched A-share ETFs under the RQFII scheme.
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Source: Asian Investor
China to launch first gold ETFs soon
August 16, 2012--China will launch the country's first batch of gold exchange-traded funds soon, the state-run Shanghai Securities News reported Friday, cited unnamed sources.
Huaan Fund Management Co. and Guotai Asset Management Co. have completed their plans for ETF products that will trade on the Shanghai Stock Exchange, the sources said in the report.
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Source: MarketWatch
ETF investors embracing risk
August 15, 2012--Exchange Traded Fund (ETF) investors are exhibiting a greater appetite for risk, according to the latest data released by BetaShares.
The company's July Australian ETF Review found the industry was up again through the month, exhibiting market capitalisation growth of 4 per cent and net new assets of $57 million.
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Source: Money Management
Deutsche Bank - Equity Derivatives and Quantitative Strategy Research-Asia-Asia-Pac ETF Market Weekly Review:ETP assets added $4.4bn amid market rally
August 13, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in positive territory. From north to south, Japan (Nikkei 225) gained 3.93%, Korea (KOSPI2) rose by 5.76%, China (CSI 300) increased by 1.95%, Hong Kong (HSI) was up by 2.39%, Singapore (FSSTI) climbed 0.09%, and Australia (S&P/ASX 200) advanced by 1.32% over the previous week.
New Launch Review
Last week, one new product was launched in the Asia-Pacific ETP market. Mitsubishi UFJ Asset Management listed one equity ETF on Tokyo Stock Exchange tracking S&P Topix Daily Risk Control 10% TR Index. (See Figure 4 for further details)
Turnover Review
Asia-Pacific ETP turnover totaled $7.2bn for last week, 1.6% down from the previous week’s total. South Korea continued to be on top of the turnover ranking with $3.9bn, followed by China ($1.3bn), Hong Kong ($1.1bn), Japan ($0.6bn), and Taiwan ($0.1bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Short Strategy, and Asia Pac Developed Country ETFs had total turnover of $3.1bn, $1.7bn, $1.1bn, and $0.9bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $36m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM increased by $4.4bn and ended at $116.1bn. On a year-to-date basis, Asia-Pacific ETP market is up by $24.7bn or 26.9% above last year’s closing.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/569-0829/35423592/Asia-Pac_ETF_Market_Weekly_Review.pdf
Source: Deutsche Bank - Equity Derivatives and Quantitative Strategy Research -Asia
Bureaucrats told they can steal a little
August 10, 2012--A provincial minister in India's most populous state has sparked a scandal after suggesting to bureaucrats that they could "steal a little" if they performed well in their duties.
Shivpal Singh Yadav, in charge of housing and construction in northern Uttar Pradesh state, on Friday hastily withdrew the offer he made a day earlier during a meeting with government employees which was also attended by journalists.
Yadav is an uncle to the state chief minister Akhilesh Yadav, whose Samajwadi Party stormed into power on an anti-graft platform in elections held in graft-ridden Uttar Pradesh in March.
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Source: FIN24
Australian Ethical picks Russell Investments for administration
August 9, 2012--Australian Ethical Investment has chosen Russell Investments to provide administration for its fund.
Russell Investments, whose assets under management are currently A$155 billion globally and A$20 billion in Australia, will provide services such as processing contributions, making benefit payments and generally managing the administration of the fund for members.
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Source: Asset Servicing Times
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