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Barclays Capital Lists iPath® Exchange Traded Note On SGX, Firstever ETN In Asia Outside Japan
December 15, 2009--Barclays Capital, the investment banking division of Barclays Bank PLC, and Singapore Exchange Limited (SGX) today announced the listing of the iPath® Dow Jones-UBS Commodity Index Total ReturnSM Exchange Traded Note (ETN) on the SGX.
The iPath® Dow Jones-UBS Commodity Index Total ReturnSM ETN is the first-ever ETN listed in Asia outside Japan and provides both institutional and retail investors with exposure to a broad range of commodities during the Asian time zone.
iPath® ETNs were first launched by Barclays Capital in the US in 2006 and are designed to provide investors with convenient access to the returns of market benchmark indices, less investor fees. The iPath® ETNs are senior, unsecured, unsubordinated debt securities linked to the performance of an underlying index.
“We are very excited to bring the iPath® ETN platform to investors in Asia. iPath® ETNs have been tremendously successful in the US attracting over US$5 billion in market capitalisation with over US$80 billion in volume traded since inception,” said Philippe El-Asmar, Head of Investor Solutions at Barclays Capital. “iPath® ETNs provide investors with simple, transparent, cost efficient instruments that provide access to difficult–to-reach markets with the ease of trading through an exchange,” he added.
Ms Janice Kan, Senior Vice President & Head of Product Development at SGX said, “We are pleased to be the first listing venue for Barclays Capital’s iPath® ETN platform in Asia. The launch of this new product class broadens our suite of investment offerings and will provide investors with cost-efficient access to the commodities asset class, and eventually, a range of other asset classes. This underpins our efforts in developing SGX as the one-stop investment gateway in Asia.”
Peter Hu, Barclays Capital’s Head of Investor Solutions in Non Japan Asia said, “We are delighted to be able to provide investors with a new way to invest across different asset classes during Asian trading hours. The iPath® Dow Jones-UBS Commodity Index Total ReturnSM ETN we are launching today enables investors to gain exposure to a broad range of underlying commodities with ease via a single, liquid and transparent instrument. We see self-directed investors becoming an increasingly important client segment in Asia and we plan to cater for their varied investment needs by launching many more iPath® ETNs in the future.”
Further information can be found on the iPath Asia website at .iPathAsia.com
Source: Barclays Capital
China finds huge iron ore deposit
December 15, 2009--BEIJING: China has found a one-billion tonne iron ore deposit, which is the biggest discovery of the mineral since 1980s. This is bound to cause some worries in India as iron ore accounts for nearly half of Indian exports to China.
This is another jolt after China stepped up efforts to enter into more long-term supply contracts and reduce its dependence on spot market buying from India. Last November, Wuhan Iron & Steel Group, China's third largest steelmaker, inked a long-term supply contract with Venezuela's Corporacion Venezolana de Guayana in order to diversify its raw material sources.
The latest discovery is a 6-km long deposit with thickness ranging between 41.43 and 108.95 meters. It lies 100 to 600 meters deep underground in Luannan County in the northern province of Hebei, Zhang Shaolian, head of Hebei Provincial Bureau of Land and Resources, said.
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Source: The Times of India
Investors sceptical of Japanese reforms
December 14, 2009--Reforms to Japanese corporate governance rules to be implemented by the Tokyo Stock Exchange this month are likely to be ineffective, an investors’ lobby group has warned.
"We don’t think the [reforms] will go far enough to boost investor confidence,” said Jamie Allen, secretary-general of the Asian Corporate Governance Association.
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Source: FT.com
TWSE announced today that the securities net oversold position by foreign investors was NT$13.22 billion during the week of Nov. 23 ~ Nov. 27, 2009
December 11, 2009--TWSE announced today that the securities net oversold position by foreign investors was NT$13.22 billion during the week of Nov. 23 ~ Nov. 27, 2009. This represented the difference between NT$83.89 billion securities bought and NT$97.11 billion securities sold.
The accumulated net overbought position by foreign investors, during the period year to Nov.27, 2009, was NT$388.24 billion. This represented the difference between NT$4,706.07 billion securities bought and NT$4,317.83 billion securities sold.
The market capitalization of the shareholdings of foreign investors was NT$6, 007.41 billion as of Nov. 27, 2009, or 31.61% of the total market capitalization. This is lower (by NT$156.07 billion) than that a week ago.
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Source: Taiwan Stock Exchange (TWSE)
Nestle Berhad Replaces Parkson Holdings In The FTSE Bursa Malaysia KLCI After December 2009 Semi-Annual Review
December 10, 2009--FTSE Group (“FTSE”), award-winning global index provider, and Bursa Malaysia Berhad (“Bursa Malaysia”) announced that Nestle Berhad will replace Parkson Holdings Bhd in the FTSE Bursa Malaysia KLCI following the semi-annual review approved by the FTSE Bursa Malaysia Index Advisory Committee today.
The FTSE Bursa Malaysia KLCI is widely followed by investors as the benchmark for the Malaysian market and is used as the basis for the FTSE Bursa Malaysia KLCI ETF, FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI) and other financial products including warrants. The indices are reviewed semi-annually by the independent FTSE Bursa Malaysia Index Advisory Committee in accordance with the index ground rules. The reviews ensure that the indices accurately reflect the markets they represent. This is essential when the indices are used to benchmark investment portfolios and are used as the basis of index-linked products.
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Source: FTSE
DB Index Research -- Weekly ETF Reports - Asia Pacific
December 10, 2009--Highlights
Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.54% of the whole market, whilst China has the largest market share by turnover with 53.07%.
There were no new listings in the last week.
Turnover
Monthly average daily turnover rose 7.4% in the last week. Turnover for the previous week was USD 1124m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 313m accounting for 27.8% of total turnover.
Assets Under Management
AUM rose 1.9% in the previous week. AUM as of Dec 7th were USD 62.7bn. The largest ETF by AUM is the TOPIX ETF, managed by Nomura Asset Management, with AUM of USD 6.8bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
Shanghai exchange approves global ETFs
December 7, 2009--The Shanghai Stock Exchange has approved the development of global exchange-traded funds (ETFs) by Chinese fund houses to track six overseas indexes including the Dow Jones industrial average (.DJI), the Shanghai Securities News reported on Monday, citing Xu Ming, vice general manager of the exchange.
Plans for the global ETFs have been submitted to securities regulators for approval and the Shanghai Stock Exchange has made all the technical and system preparations required for their launch, the newspaper said.
Shanghai is promoting the development of new investment products and opening its markets as part of plans to become into an international financial center by 2020.
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Source: Reuters
According to President Zhang Yujun of the SSE five to ten ETFs are to be lisited on the SSE
December 4, 2009--About five to ten ETFs are prepared to be listed on the Shanghai Stock Exchange (SSE), according to President Zhang Yujun of the SSE at the 8th International Forum for Chinese Securities Investment Funds on December 2.
Zhang described the bourse's role on the fund market with 3 key words, namely, innovation, supervision and services. The bourse will promote the innovation and self-regulatory supervision of the fund industry as well as continuously improve the services for the industry.
According to Zhang, as the committed supporter and consultant for the fund industry's innovation, the exchange has promoted the development of passively-managed funds and the rapid growth of indexation investment in China. In 2009, index funds including the ETF markets of the SSE and the Shenzhen Stock Exchange saw a rapid expansion. Two ETFs were issued through the SSE, and Bosera SSE Mega-cap ETF will be issued next Monday. With four listed ETFs and the to-be-launched SSE Mega-cap ETF, the SSE expects the total size of ETFs to reach US$10 billion. "Compared with an US$800 billion ETF market, there's still room for growth", said Zhang.
Source: Online News
Saudi remains biggest Japan oil supplier
December 3, 2009-- The Japanese Natural Resources and Energy Agency has said that crude oil imports from Kuwait had dropped 9.2% in October from a year earlier to 7.79 million barrels, or 251,000 barrels per day (bpd), the first decline in two months, Kuna has reported.
Saudi Arabia remained Japan's biggest oil supplier, with imports from the kingdom plunging 22.6% from a year earlier to 29.42 million barrels, followed by the UAE with 27.69 million barrels, up 4.1%. Qatar ranked third, with shipments jumping 36.7% to 13.77 million barrels.
Source: Online News
DB Index Research -- Weekly ETF Reports -- Asia-Pacific
December 2, 2009--Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 40.49% of the whole market, whilst China has the largest market share by turnover with 51.89%.
There were 2 new listings in the last week. UOB AM Ltd listed 1 ETF on the Singapore Stock Exchange and Nomura AM listed 1 ETF on the Tokyo Stock Exchange. Both funds offer exposure to non domestic markets.
Turnover
Monthly average daily turnover rose 8.8% in the last week. Turnover for the previous week was USD 1047m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 290m accounting for 27.7% of total turnover.
Assets Under Management
AUM rose 2.5% in the previous week. AUM as of Nov 30th were USD 61.5bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, managed by BGI, with AUM of USD 6.5bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
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