About 70 HFT traders to be registered in Japan-JPX
February 22, 2018--About 70 firms are expected to be registered as high frequency traders (HFTs) in Japan, the Japan Exchange Group (JPX) said on Wednesday, ahead of the start of new regulations in April that require HFTs to register with the government.
Japan has introduced the requirement as trading by HFTs comes under scrutiny globally as a potential source of flash crashes and other sharp, volatile moves in financial markets.
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Source: Reuters
ETFGI reports assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) reach record high of US$184 billion at the end of January 2018
February 22, 2018--According to ETFGI's January 2018 Asia Pacific (ex-Japan) ETF and ETP industry insights report, a monthly report included in an annual paid-for research subscription service, assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) reached a record high of US$184 billion at the end of January 2018, shattering the previous record of US$170 billion set at the end of 2017. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) increased by a record $14.0 Bn during January to reach a new high of $184 Bn
In January 2018, ETFs and ETPs listed in Asia Pacific (ex-Japan) saw net inflows of $2.72 Bn
Equity ETFs/ETPs gathered the largest net inflows with US$1.6 Bn, followed by mixed asset class ETFs/ETPs with US$922 Mn.
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Source: ETFGI
BetaShares and Legg Mason launch two Active ETFs (ASX: EINC and ASX: RINC)
February 20, 2018--BetaShares is please to announce the launch of two new Active ETFs on the ASX, under a strategic partnership with global asset manager Legg Mason.
BetaShares Legg Mason Equity Income Fund (managed fund) (ASX: EINC)
BetaShares Legg Mason Real Income Fund (managed fund) (ASX: RINC)
Based on award-winning strategies by Legg Mason's affiliate, Martin Currie Australia, both funds aim to deliver attractive income by investing in high-quality Australian securities.
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Source: betashares.com.au
IMF Staff Country Reports-Australia: Selected Issues
February 20, 2018--AUSTRALIA'S LINKAGES WITH CHINA: PROSPECTS AND RAMIFICATIONS OF CHINA'S ECONOMIC TRANSITION1
China and Australia have increasingly strong linkages, especially through trade and
commodity channels. These are driven by China's demand for commodities such as coal and
iron ore, and services such as tourism and education, of which Australia is a major supplier.
These links are important for China's transition to a services-driven, consumer-led economy
from a manufacturing-driven, export-led one. The work below considers risks to China during
this transition, focusing on spillovers to Australia.
The analysis uses ANZIMF (Australia-New Zealand Integrated Monetary and Fiscal model), a version of the IMF's GIMF (Global Integrated Monetary and Fiscal model). ANZIMF is a micro-founded, overlapping generations dynamic stochastic general equilibrium (DSGE) model with a detailed bilateral trade flows structure. Two sectors for services (tourism and education) and for metals and coal are added to better track the evolving structure of the Chinese economy and changing economic relationship with Australia.
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Source: IMF
$500 Million Deal-Mirae Asset Takes Over US-based Fund Management Company Global X
February 19, 2018--Mirae Asset Global Investments announced on February 19 that the company signed an agreement for the acquisition of Global X, an exchange traded funds (EFT) company in New York of the US. It took US$488 million in total to take over a 100-percent stake in Global X.
Earlier, Mirae Asset Global Investments acquired Horizon, a Canadian ETF management company in 2011, and Beta Shares in Australia. Currently, the company ranks 21st in the world while managing US$20 billion in net assets such as eight trillion won in TIGER ETF, 7.8 trillion won in Horizon ETF in Canada, 4.3 trillion won (US$3.8 billion) in Beta Share ETF in Australia and ETFs in Hong Kong, Colombia and the US.
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Source: businesskorea.co.kr
World's largest pension scheme turns up heat on fund manager pay
February 17, 2018--Fund managers' bumper bonuses are being scrutinised by the world's largest pension fund over fears investment professionals are being incentivised to generate short-term performance rather than long-term returns. .
Japan's Government Pension Investment Fund, which oversees $1.4tn in assets, has..
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Source: FT.com
MSCI asks India's stock exchanges to reconsider anti-competitive measures
February 15, 2018--Global index provider MSCI Inc on Thursday "strongly suggested" that India's three main stock exchanges reconsider their anti-competitive measures that restrict the accessibility of the Indian equity market to foreign exchanges.
The National Stock Exchange, BSE Ltd and Metropolitan Stock Exchange said last week that they would stop licensing products and data to foreign exchanges to prevent trading from migrating overseas.
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Source: Reuters
World Gold Council-Market Update: India's Budget-policy and progress
February 15, 2018--As part of the recent Union Budget announcement, Arun Jaitley, India's Finance Minister, explicitly highlighted the government's desire to formulate a comprehensive policy to develop gold as an asset class, create gold exchanges, and revamp the Gold Monetisation Scheme.
The Budget also included policies designed to boost rural incomes. Better gold policies combined with rising incomes could bode well for India's gold industry.
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Source: World Gold Council (WGC)
India hopes to become an AI powerhouse, with inspiration from China
February 15, 2018--Artificial intelligence (AI) has finally caught the Indian government's attention.
On Feb. 01, delivering his budget speech, finance minister Arun Jaitley told parliament that the government think-tank, Niti Aayog, will spearhead a national programme on AI, including research and development.
The intent showed in the numbers: Budget allocation for Digital India, the government's umbrella initiative to promote AI, machine learning, 3D printing, and other technologies, was almost doubled to Rs3,073 crore ($477 million) this year.
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Source: WEF (World Economic Forum)
JPX-ETF Monthly Report-January 2018
January 14, 2018--The JPX-ETF Monthly Report-January 2018 is now available.
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Source: JPX (Japan Exchange Group)
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