DB Index Research -- Weekly ETF Market Review - Asia-Pacific
April 15, 2010--Highlights
Market Overview
There are 225 equity based ETFs in the Asia Pacific region with 300 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.75% of the whole market, whilst China has the largest market share by turnover with 32.67%.
The first quarter of 2010 marked a record in product offerings reaching 37 new listings. Increase listing activity has remained strong after the end of Q1, with the last three weeks unfolding a new and diverse range of 22 ETFs arriving to the Asia-Pacific market. Deutsche Bank AG listed a whole suite of 11 UCITS III ETFs tracking China’s CSI country and sector benchmarks on Hong Kong SE, and 2 money market funds on the Singapore SE. MAPS IM Co listed 2 pioneer funds following short and leveraged strategies on Korea’s flagship benchmark Kospi 200, respectively, on the Korea SE. New entrant, Australian Index Investment Pty Ltd, added 4 more Australian sector ETFs to its offering on ASX. Finally Samsung Inv. Trust Mg and Hanwha Inv. Trust Mg listed 1 ETF each on the Korea SE.
Turnover
Monthly average daily turnover rose 6.5% in the last week. Turnover for the previous week was USD 752m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 164m accounting for 21.8% of total turnover.
Assets Under Management
AUM rose 5.3% in the previous week. AUM as of April 12th were USD 63.5bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 6.5bn.
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Source: Aram Flores and Shan Lan -DB Index Research
China ups gas prices as economy grows
April 14, 2010--China raised gasoline and diesel prices Wednesday for the first time in five months in a move reflecting Beijing’s confidence it can control inflation and keep growth strong.
The price hikes of 4 percent to 4.5 percent were in line with expectations following recent gains in global crude prices. Oil rose above $84 a barrel Wednesday in Asia, breaking a five-day slide, as rising global stock markets raised optimism over the global economic outlook.
Chi-X Global, owned by Nomura through its Instinet broking unit, is also set to launch share trading in Japan in the third quarter and has a joint venture with SGX, the Singapore exchange, to launch a pan-Asian “dark pool”. read more
Tokyo Commodity Exchange Gold Price Reached New High In 27 Years read more
Commodity Equity, Emerging Industries Indices to Be Launched read more If you are looking for a particuliar article and can not find it, please feel free to contact us
April 13, 2010--China’s four biggest publicly traded banks could face a combined capital shortfall of at least Rmb480bn ($70bn) over the next five years, according to the president of Industrial and Commercial Bank of China, the world’s biggest bank by market value.
All of China’s largest banks have announced plans in the past month to raise fresh capital to shore up their balance sheets after an unprecedented credit binge last year. But the total amounts they plan to raise fall far short of the five-year estimate of Yang Kaisheng, ICBC president .
April 12, 2010--Chi-X Global, an operator of share trading platforms, is considering pushing into Hong Kong and South Korea in a move that would pit it against established exchanges in two of Asia’s largest equity markets.
The development comes only weeks after Chi-X secured a licence to operate in Australia, breaking the monopoly enjoyed by the Australia Securities Exchange.
Source: FT.com
April 9, 2010--At Tokyo Commodity Exchange, Inc. today, the price of gold futures of the February 2011 contract hiked to 3,490 yen per gram temporarily during the day trading session. This price level is the highest since April, 1983.
‚PD Quotes for Gold Futures of February 2011 Contract on April 9 iYen per gramj
Source: TOCOM
April 8, 2010--Three indices, including the SSE Commodity Equity Index, SSE Emerging Industries Index and CSI Emerging Industries Index, will be published in due form on April 30, 2010, according to a recent announcement of the Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI).
In recent years, the wild price volatility of block commodity worldwide has brought fierce challenges to China's economic development, business operation and investors' decision-making. Closely related with the prices of block commodity, the stock prices of companies engaging in block commodity have drawn wide attention on the securities market. The preparation and development of the SSE Commodity Equity Index will not only, by showcasing the changes of stock prices of the listed companies engaging in block commodity, provide a performance comparison benchmark and analysis tool for investing in these stocks, but also reflect the anticipation of investors on block commodity prices. According to the published index scheme, the index is composed of 50 companies with large market capitalization and ample liquidity in such industries as comprehensive oil and natural gas, exploration and production of oil and gas, refining and marketing, coal, nonferrous metals, mining, chemical fertilizers and pesticides, agricultural products, forest products and paper products.
Source: Shanghai Stock Exchange (SSE)