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DB Global Equity Index & ETF Research: Asia Pacific ETP Market Weekly Review
November 29, 2010--Market Overview
There are 244 equity based ETFs in the Asia Pacific region with 338 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 39.75% of the whole market, whilst China has the largest market share by turnover with 40.23%.
There were two new listings on the last week. Mitsubishi UFJ Asset Mg lunched its fifth equity ETP product, the first tracking MSCI KOKUSAI, MAXIS Global Equity (MSCI Kokusai) ETF, on the Tokyo Stock Exchange. Krung Thai Asset Management listed its first Equity ETP on the Thailand Stock Exchange, tracking the CSI 300 Index. (
Turnover
Monthly average daily turnover declined 3.2% in the last week. Turnover for the previous week was USD 1,567m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 283m accounting for 18.1% of total turnover.
Assets Under Management
AUM declined 1.7% in the previous week. AUM as of Nov 26th was USD 74.3bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 8.5bn.
To request a copy of the report
Source: DB Global Equity Index & ETF Research
SSE 380 Index Launched Today
November 29, 2010--SSE 380 Index, a brand-new emerging blue-chip index, was officially released today. Featured in great growth potential, emerging industry and blue chips, the index will join with SSE 180 Index and SSE 50 Index in constituting the major blue-chip indices on Shanghai market.
According to an official from the Shanghai Stock Exchange (SSE), twenty years ago, there were only eight companies listed on the SSE. Now, the number has climbed to 890, with a total market capitalization of RMB19 trillion. The past two decades witnessed the formation of a multi-layer capital market made up of blue-chip enterprises in SSE 50 Index and SSE 180 Index and boasting joint growth of small, medium and large sized companies. Take SSE 180 as an example, the number, market capitalization and turnover of SSE 180 Index constituents account for 20%, 73% and 55% of that of all SSE-listed companies, respectively. However, except those in SSE 180 Index, there are over 700 firms listed on Shanghai market, which represent 80% of the total number of SSE-listed companies and 45% of the turnover. Some of them are emerging blue-chip companies with great growth potential, strong profitability and distinct industrial advantage. Thus, the SSE and China Securities Index Co., Ltd. (CSI) decided to release the SSE 380 Index to echo the SSE's development strategy for blue-chip market, better reflect the market structure and its change, and diversify the SSE index system.
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Source: Shanghai Securities News
Shanghai Stock Exchange to expand ETF trading
November 26, 2010--The Shanghai Stock Exchange (SSE), which marked its 20th anniversary of trading on Friday, is planning to boost the market of Exchange-Traded Funds (ETF), a relatively new breed in China's securities market, to cater for the growing appetite of Chinese investors.
Zhou Qinye, vice-president of the SSE, recently said that the bourse is planning to introduce more cross-market and cross-border ETF products. It recently signed agreements on index authorization with nine international index companies and five exchanges.
Industry players and analysts are positive about the outlook for ETFs in China, saying that their introduction will offer investors more asset allocation products, given the current shortage of investment tools in China.
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Source: English.Eastday.com
Japan ruling party works to pass new stimulus plan
November 26, 2010--Japan’s beleaguered ruling party worked on Friday to pass a new $61 billion stimulus package that aims to create jobs and revive the country’s faltering economic recovery.
The new stimulus includes a wide range of measures, including aid for small business and regional economies, but Prime Minister Naoto Kan has repeatedly said the main focus is jobs. “Employment first, employment second, employment third,” became Kan’s rallying cry for the package, which has faced a tough route through a divided parliament.
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Source: Todays Zaman
Small MFs shy away from gold ETFs
November 25, 2010--Despite the increasing popularity of Gold ETFs (exchange traded funds), small fund houses continue to shun this asset class. They fear they might not be able to reach a critical mark in this segment.
In the current financial year, gold ETFs have emerged as a distinct asset class, witnessing continuously increasing sales and net inflows, at a time when equity funds and debt funds have had ups and downs in inflows.
Data from the Association of Mutual Funds in India show that in 2010-11 till date, gold ETFs have seen net inflows rise by close to four times, to Rs 1,169 crore (Rs 11.69 billion), compared with Rs 312 crore (Rs 3.12 billion) during the same period last year.
Yet, of the 930 mutual fund schemes available, the number of gold ETFs is merely nine.
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Source: rediff.com
HKEx Website to Carry Exchange Rates for Calculation of Stamp Duty and Other Trading-related Fees on RMB and USD Transactions in HKEx’s Securities Market
November 25, 2010--Hong Kong Exchanges and Clearing Limited (HKEx) will publish information about the exchange rates for Hong Kong dollars (HKD) against renminbi (RMB)* and US dollars (USD) on its website commencing from 29 November 2010 for calculation of stamp duty and other trading-related fees, including transaction levy, investor compensation levy (currently exempted) and trading fee, on transactions in the respective currencies in its securities market.
Under Hong Kong’s Stamp Duty Ordinance, when stamp duty has to be “calculated in respect of any instrument by reference to a sum of money expressed in a currency other than Hong Kong dollars, there shall, for the purpose of such calculation, be substituted for that sum of money its equivalent expressed in Hong Kong dollars at the rate of exchange prevailing on the date of the instrument” and the prevailing rate will be “as determined by the Monetary Authority.”
Hong Kong’s Inland Revenue Department has advised HKEx that the exchange rates for HKD against RMB and USD for stamp duty calculation will be made available to HKEx by 11 am or earlier on each trading day. For easy reference by market participants, the exchange rates will be published on the HKEx website. To help simplify the operations of HKEx and its Participants, the same exchange rates will be used to calculate other trading-related fees for transactions in RMB and USD concluded on the same trading day.
The HKEx website will carry HKD exchange rates against currencies other than RMB and USD if necessary.
*HKEx’s trading system and other market systems use the currency code CNY for renminbi.
Source: Hong Kong Exchanges and Clearing Limited (HKEx)
Malaysian stock exchange to launch ESG index
Bursa Malaysia launches programme to promote ESG integration
November 24, 2010--The Malaysian Stock Exchange, the Bursa Malaysia, is planning to launch an environmental, social and governance (ESG) index to attract socially responsible investment (SRI) funds.
“It is our aim to be able to construct an Environment, Social and Governance (ESG) Index in the near future. This index will be a catalyst for driving more SRI funds to our market,” said exchange chairman Tun Mohamed Dzaiddin Haji Abdullah.
He was speaking at the launch of the exchange’s inaugural Business Sustainability Programme, which seeks to promote the integration of sustainable practices at listed firms.
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Source: Responsible Investor
Investment bank Woodward Partners becomes an NZX Sponsor
November 24, 2010--From the NZX website – Investment bank Woodward Partners becomes an NZX Sponsor
Woodward Partners is already working with listed companies and we are excited to be doing more with the NZX moving forward.
The NZX release:
NZX today announced that New Zealand investment bank Woodward Partners has been accredited as an NZX Sponsor.
An NZX Sponsor is an organisation that has been accredited by NZX as suitable for assisting a company to list securities on any of the NZX securities markets. NZX Sponsors can bring a new issue of securities to the market but they cannot distribute the new issue to investors. NZX Sponsors are generally banks, broker firms, accounting firms or law firms who are able to expand their client offerings by becoming an NZX Sponsor.
“Sponsor firms are a vital conduit to enable New Zealand businesses to access public capital to support their growth. Woodward Partners has a unique combination of onshore and offshore experience that will be a valuable addition to New Zealand’s capital markets,” said NZX Head of Markets Fiona Mackenzie.
“Woodward Partners is a new firm, but an experienced team. We’re heartened that in our first year of operation we’re already working with listed firms and we expect to bring new issues to the market in the next 12 months,” said Woodward Partners’ partner Mark Clare.
Woodward Partners provide advice and analysis to listed companies, private companies, government entities and entrepreneurs. The firm was founded in 2009 by Mark Clare, Nick Lewis and Mark Donnell, and has extensive experience advising companies in New Zealand as well as internationally.
Source: Woodward Partners
China cracks down on speculators to cool prices
November 24, 2010--China’s government is widening its anti-inflation campaign, Wednesday ordering a crackdown on speculators it accuses of illegally pushing up commodity prices.
The order comes as Beijing enforces measures announced last week to cool food prices that soared more than 10 percent in October. Analysts expect Beijing to hike interest rates in coming months to rein in inflation even as Washington and other major developed economies try to shore up lackluster growth.
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Source: Todays Zaman
DB Global Equity Index & ETF Research: Asia Pacific ETP Market Weekly Review
November 23, 2010--Market Overview
There are 242 equity based ETFs in the Asia Pacific region with 336 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 39.38% of the whole market, whilst China has the largest market share by turnover with 40.49%.
There was one new listing on the previous week. UTI Asset Management launched a new Commodity fund listed on the India Stock Exchange. The objective of this new product is to track the performance of Gold.
Turnover
Monthly average daily turnover declined 2.5% in the last week. Turnover for the previous week was USD 1,619m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 313m accounting for 19.3% of total turnover.
Assets Under Management
AUM declined 1.1% in the previous week. AUM as of Nov 19th was USD 75.6bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 8.8bn.
To request a copy of the report
Source: DB Global Equity Index & ETF Research
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