DB Index Research -- Asia-Pacific ETP Market Weekly Review
August 9, 2010--Overview
There are 228 equity based ETFs in the Asia Pacific region with 321 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM, accounting for 39.16% of the whole market, whilst China has the largest market share by turnover with 36.66%.
There was one new listing last week. MAPS Investment Management Company listed a commodity ETF on the Korea Stock Exchange which tracks S&P GSCI Crude Oil Enhanced Index.
Turnover
Monthly average daily turnover rose 1.6% in the last week. Turnover for the previous week was USD 857m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 196m accounting for 22.8% of total turnover.
Assets Under Management
AUM declined 5% in the previous week. AUM as of Aug 6th was USD 64.9bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker managed by BlackRock with AUM of USD 6.7bn.
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Source: DB Index Research
Hong Kong surges on earnings reports
August 6, 2010--Hong Kong stole the show among the region’s stock markets as it recorded its biggest weekly gain in four months on the back of some positive earnings reports
The Hang Seng index rose 0.6 per cent to a three-month high of 21,678.80 – taking its gain over the five-day period to 3.1 per cent. The index rose every day this week as the market shrugged off concerns that it was looking overvalued.
HSBC set a positive tone as its first-half profits more than doubled as bad debts fell. The bank’s shares rose 3.7 per cent over the week to HK$82.70.
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Source: FT.com
FSA publishes the status of Loans held by all banks as of end-March 2010, based on the Financial Reconstruction Act
August 6, 2010--1. Loans based on the Financial Reconstruction Act (FRA)
The total amount of loans held by all banks as of end-March 2010, based on the definition in the FRA(Act No.132 of 1998), is 11.7 trillion yen. The figure decreased by 0.2 trillion yen from 12.0 trillion yen as of end-March 2009.
[Table] Breakdown of the factors affecting changes in loans based on the FRA as of end-March 2010?(Trillion yen, changes from end-March 2009)
Loans based on the FRA: | -0.2 | |||
---|---|---|---|---|
(Of which,) “Special attention loans”: | -0.0 | |||
[Increase factors] | ||||
Newly issued loans due to weakened business activities: | +0.9 | |||
Upgrading from lower categories: (Improvement of business conditions of borrowers: 0.1, Establishment of restructuring plans: 0.0) |
+0.1 | |||
[Decrease factors] | ||||
Return to normal claims: (Improvement of business conditions of borrowers: -0.4, Establishment of restructuring plans: -0.3) |
-0.7 | |||
Downgrading to lower categories | -0.5 | |||
Repayment, etc. | +0.2 | |||
(Of which,) “Doubtful and bankrupt/de facto bankrupt”: | -0.2 | |||
[Increase factors] | ||||
Newly issued loans due to weakened business activities: | +3.3 | |||
Downgrading from upper categories: | +0.5 | |||
[Decrease factor] | ||||
Removal from B/S, etc: (Collection, Repayment, etc: -3.4, Liquidation of claims credit: -0.7) |
-4.1 |
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Source: FSA.go.jp
Taiwan begins trade talks with Singapore
August 5, 2010--Taiwan achieved a big breakthrough in its attempts at formal integration into the international economy on Thursday as it announced the start of trade negotiations with Singapore.
The joint announcement with Singapore, which comes just two months after Taiwan signed a historic trade pact with China amid warming relations, signals a change in Beijing's policy towards Taiwan’s international presence. However, Beijing still claims sovereignty over the island and has not ruled out the use of force should Taiwan formally declare independence.
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Source: FT.com
Belarus Lists Its First International Bond On Luxembourg Stock Exchange
August 5, 2010--Singapore Exchange (SGX) on Thursday launched its first initiatives to enhance the listing, trading and distribution of fixed income products to build a more vibrant bond market in Asia.
These initiatives include drawing more Singapore-listed companies and other organizations to issue bonds for listing and trading on SGX, an SGX statement said.
The listing and trading of fixed income securities
such as preference shares and convertible bonds will also be encouraged. SGX also plans to halve the time taken to approve bond listings by streamlining the processes involved.
By the first quarter of next year, SGX expects to offer an on- exchange secondary market for individual and institutional investors to trade Singapore Government Securities (SGS).
A total 1,229 bonds are currently listed on SGX. In fiscal year 2010, 200 bonds were listed involving programs to raise over 100 billion Singapore dollars (73.93 billion U.S. dollars).
Source: Singapore Exchange (SGX)
Nikko AM Launches Nikko Bull & Bear Select
August 3, 2010-Nikko Asset Management Co., Ltd. (Nikko AM) (Timothy F. McCarthy, Chairman & CEO) announced
today that it launched seven investment trusts, Nikko Bull & Bear Select and began their management on
August 2. Nikko Cordial Securities Inc. started marketing the funds on the same day.
Nikko Bull & Bear Select consists of a total of seven courses: three Double Bull Course (Monthly
Dividend Type) funds, three Bear Course funds and one Money Pool Course fund.
Nikko Bull & Bear Select BRL Double Bull Course (Monthly Dividend Type)
Nikko Bull & Bear Select AUD Double Bull Course (Monthly Dividend Type)
Nikko Bull & Bear Select USD Double Bull Course (Monthly Dividend Type)
Nikko Bull & Bear Select BRL Bear Course
Nikko Bull & Bear Select AUD Bear Course
Nikko Bull & Bear Select USD Bear Course
Nikko Bull & Bear Select Money Pool Course
?The Double Bull Course (Monthly Dividend Type) funds are monthly dividend payment type funds
managed with the aim of achieving investment returns with a daily percentage change of the NAV around
double that of the respective course’s currency against the yen.*1
Three course options are available:
Brazilian real, Australian dollar and US dollar courses.*2The Double Bull Course (Monthly Dividend Type) funds can be used as a tool for aggressively seeking returns during periods of foreign exchange
appreciation against the yen.*3
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Source: Nikko AM
Taiwan to allow investments in Chinese markets
August 4, 2010--Taiwan's government is set to allow its insurers to invest in Chinese financial instruments for the first time, a sign of how improving cross-strait relations are yielding economic benefits for businesses.
The Financial Supervisory Commission, Taiwan's financial regulator, said in a statement late on Tuesday that it planned to allow qualified insurers to invest up to 10 per cent of their overseas investment limit in Chinese stocks and up to 5 per cent of the limit in bonds. Insurers will also be allowed to invest in host of other Chinese financial instruments including Treasury bills and exchange-traded funds
The relaxation is a boon for Taiwan's insurers, who have had a tough time generating meaningful returns in the past because the local market is relatively mature and intense competition has sparked price competition that has eroded profitability.
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Source: FT.com
SGX commodities and derivatives activity grows in July
August 3, 2010--Singapore Exchange (SGX) said today that derivative and commodities trading grew in July.
Securities Market
Securities daily average trading value picked up into the new financial year, up 16% in July from a month earlier. Exchange traded funds were active, with trading value up 86% from a year earlier.
The total number of listed securities as at end-July was 767 from 755 a year ago.
Derivatives and Commodities Market Futures and Options average daily trading volume rose 8% from a year earlier as options volume increased 71%. S&P CNX Nifty futures volume was up 35%.
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Source: The Edge
DB Index Research -- Asia-Pacific Weekly ETP Market Review
August 2, 2010--Overview
There are 227 equity based ETFs in the Asia Pacific region with 320 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 38.03% of the whole market, whilst Hong Kong has the largest market share by turnover with 34.59%.
There were two new listings last week. Nikko AM listed one new ETF and Woori AM listed one new Money Market ETF.
Turnover
Monthly average daily turnover rose 2.4%in the last week. Turnover for the previous week was USD 843m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 196m accounting for 23.3% of total turnover.
Assets Under Management
AUM rose 4.7% in the previous week. AUM as of July 30th was USD 68.3bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker managed by BlackRock with AUM of USD 7.5bn.
To request a copy of the report
Source: DB Index Research
China closer to becoming second-largest economy
July 30, 2010--A senior Beijing official’s reference to China as the “world’s second-largest economy” has sparked excited speculation that Asia’s new powerhouse may have already reached a long-looming milestone by surpassing Japan.
China’s rapid recent growth has made it increasingly likely that its gross domestic product, in US dollar terms, will be larger this year than Japan’s. However, the vagaries of international currency movements mean such a result is far from assured.
Observers eagerly awaiting what will be a symbol of shifting global economic power on Friday seized on a remark by Yi Gang, director of the State Administration of Foreign Exchange, about China’s growth prospects.
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Source: FT.com
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