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DB Index Research -- Weekly ETF Reports -- Asia-Pacific
November 11, 2009--Highlights
Market Overview
There are 190 equity based ETFs in the Asia Pacific region with 249 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 40.45% of the whole market, whilst China has the largest market share by turnover with 46.89%.
There were three new listings in the last week. CCB Principal Asset Management Co Ltd listed 1 new ETF on the Shanghai Stock Exchange. Hyundai Investments listed 1 new commodity based ETF and Samsung Investment Trust Mg listed 1 new ETF on the Korean Stock Exchange.
Turnover
Monthly average daily turnover rose 15% in the last week. Turnover for the previous week was USD 1027m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 270m accounting for 26.3% of total turnover.
Assets Under Management
AUM rose 2.6% in the previous week. AUM as of Nov 9th were USD 60.5bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, managed by BGI, with AUM of USD 6.6bn.
To request a copy of the report click here
Source: Aram Flores and Shan Lan -DB Index Research
Gold underlying Indian ETFs jumped 25.7% year on year
November 11, 2009--India's gold collection under exchange-traded funds rose 25.7% on year to 7.049 tonnes in October, when the yellow metal touched new record highs, data from the funds showed.
Gold futures on the continuation chart on the Multi Commodity Exchange made three record highs in October, before hitting a fresh all-time high of 16,703 rupees on Monday.
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Source: MineWeb
Bursa Malaysia Introduces Direct Market Access For Equities Market To Enhance Trading Efficiency And Accessibility
November 9, 2009--Bursa Malaysia today introduced Direct Market Access (DMA) for the equities market which
is aimed to enhance trading efficiency and accessibility for market participants. With this, the
Exchange will be providing a complete DMA infrastructure for both the equities and derivatives markets. The DMA for derivatives market was successfully launched in April
2008.
Bursa Malaysia Berhad’s Chief Executive Officer, Dato’ Yusli Mohamed Yusoff said, “DMA is
a critical component for Bursa Malaysia to remain competitive in the global investment
arena. We are committed to investing in the right technologies to promote market
accessibility and liquidity, as well as increased trading efficiencies. This will enable us to
meet the requirement for growth and alignment with international trading practices.”
“We are confident that similar to our experience with DMA derivatives, DMA equities will
attract new segment of trading participation given its increased accessibility and low latency.
Market participants will also be able to enjoy greater connectivity and more control of their
orders via the DMA infrastructure for equities market,” he added.
The benefits of DMA:
• It is a ‘zero-touch electronic trading’ solution which enables investors to route orders directly to the Exchange for immediate execution.
• It will significantly reduce the time for orders to be sent and matched from the previous average of three (3) seconds per transaction to a fraction of a second.
• It has the ability to support algorithmic and block trading which allows institutional investors greater control through using pre-determined order conditions.
• It provides greater access to international investors as Bursa Malaysia allows
‘Sponsored Access’ for institutional investors.
• It enables market participants to connect their own trading front-end to the Financial
Information Exchange (FIX) DMA Gateway.
• It allows market participants to install their own servers in the Exchange’s data centre
through the co-location hosting service where faster order management can be
processed and lower latency when trading.
For further information and details on DMA Equities, please contact Bursa Malaysia via
email at DMA@bursamalaysia.com.
Source: Bursa Malaysia
ICICI Bank chief sees better times ahead
November 9, 2009--ICICI Bank expects its balance sheet to grow this quarter after 12 months of contractions in a sign that the bank is turning the corner following the global economic crisis.
Chanda Kochhar, chief executive of India’s largest private sector financial institution, said it was still shrinking its unsecured retail portfolio. But its other segments were starting to show strong growth, indicating the wider economy was picking up speed.
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Source: FT.com
ICICI Bank chief sees better times ahead
November 9, 2009--ICICI Bank expects its balance sheet to grow this quarter after 12 months of contractions in a sign that the bank is turning the corner following the global economic crisis.
Chanda Kochhar, chief executive of India’s largest private sector financial institution, said it was still shrinking its unsecured retail portfolio. But its other segments were starting to show strong growth, indicating the wider economy was picking up speed.
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Source: FT.com
ETF linked to Indian stocks to be listed on November 26 NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund
November 6, 2009--Today, the Tokyo Stock Exchange approved the listing of the "NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund" managed by Nomura Asset Management Co., Ltd.. The ETF is planned to be listed on Thursday, November 26, 2009.
This is the first ETF linked to Indian stocks to be listed on markets in Japan. The "S&P CNX Nifty Index" to which the ETF is linked is comprised of the 50 premier issues of the National Stock Exchange of India.
| Code | 1678 (ISIN JP3047100007) |
|---|---|
| Name | NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund |
| Fund Administrator | Nomura Asset Management |
| Listing Date | November 26, 2009 |
| Trading Unit | 100 units |
| Underlying Index | S&P CNX Nifty Index |
TSE entered into a memorandum of understanding with the National Stock Exchange of India on October 15, 2006. Through this ETF, TSE hopes to supply investors with better access to the Indian securities market and contribute to the development of the markets in both of our countries.
With this listing there will be a total of 69 ETFs listed on the Tokyo market, bringing us closer to the goal of 100 listed ETFs by fiscal year 2010, as laid out in the Medium-Term Management Plan. TSE will continue working to
Source: Tokyo Stock Exchange (TSE)
Revamp of the Index Report: Tokyo Stock Exchange
November 6, 2009-The Tokyo Stock Exchange publishes Index Reports which show weekly and monthly index trends.
The contents of this Index Report have undergone an extensive revision as follows.
Features of the new Index Report
New additions:
TOPIX Style Index Series (calculation began in February 2009)
Tokyo Stock Exchange Composite Index Series (calculation began in February 2009)
TOPIX-17 Series (also used in ETFs)
Clear index trends with a graph indicating index gain/loss in percentages
Brief summary of index performance, etc. at the top of every report
Easy understanding of market movements with publication of TOPIX historical volatility
Gain an insight into weekly and monthly TSE market
Index Reports are located on the TSE website at the following pages.
Index Report / Total Return Index (English)
Index Report / Total Return Index (Japanese)
Source: Tokyo Stock Exchange (TSE)
Woori Investment & Securities Co. plans to set up a hedge fund with Temasek Holdings Pte, Singapore’s government-owned investment company, said two Woori officials.
November 3, 2009-- Woori Investment & Securities Co. plans to set up a hedge fund with Temasek Holdings Pte, Singapore’s government-owned investment company, said two Woori officials.
No decision has been made on whether Temasek will take part in the fund that will be used for overseas investments, the officials said, declining to be identified because the talks are in the initial stage. The fund’s size and when it will be established also remain undetermined, they said.
The two companies plan to set up a $50 million fund by the end of this year, and expand it to $100 million next year, Korea Economic Daily reported, citing a Woori official it didn’t identify
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Source: Bloomberg
China reschedules Three Gorges reservoir plan
November 5, 2009--China has postponed a plan to raise the Three Gorges reservoir to its ideal height of 175 metres due to a lack of water, the firm running the dam said.
There has been less water than expected flowing into the reservoir from the upper reaches of the Yangtze River.
More water than anticipated has also been let out of the reservoir because of drought further down river. Filling the reservoir will mark the end of the multi-billion-dollar project that was started in 1993.
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Source: BBC
SGX Reschedules Implementation Of New Settlement Processes And Penalty Framework
November 5, 2009--Singapore Exchange Limited (“SGX”) will be rescheduling the implementation of the new settlement processes and refined penalty framework from 6 November 2009 to a later date. The subsequent implementation of buy-in for failed securities due on T+3, which was scheduled for 30 November 2009, is also under review. The revised dates will be announced in due course after consultation with market participants.
The rescheduling is due to an isolated incident experienced today in the pre-settlement matching system (PSMS). This incident affected settlement of less than 1% of institutional trades. Settlement for retail trades is not affected. The trading and settlement of securities remain orderly in the marketplace. This incident is unrelated to the changes planned for implementation on 6 November 2009*. SGX is working to resolve the matter expeditiously.
As a prudent measure, the rescheduling of the implementation of the new settlement process will allow more time for the full stability of the PSMS environment.
Source: Online News
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