|New Push For Bond ETFs in Down Under-continued|
|January 29, 2012--Australian retail investors seeking fixed income products have traditionally had a limited range of choices, but a recent regulatory change to allow fixed income exchange traded funds on to the Australian Securities Exchange (ASX) could be a significant boost to the asset class, the FT reports.|
|New rules to allow the listing of fixed income ETFs on the ASX were approved by the Australian Securities and Investments Commission (ASIC) just before Christmas and came into effect in January.
The move is a welcome change for ETF providers such as BlackRock and Vanguard, which offer a range of fixed income products globally but have been prevented from listing them in Australia. “We think we’ll see strong demand from the retail segment – which includes self-managed superannuation funds – and also from institutions,” says Mark Oliver, Australian head of iShares, BlackRock’s ETF operation. “Institutions can access broad fixed interest markets quite easily,” he says, “but with the ETFs, they can gain access to a diversified portfolio in a single trade. Also [ETFs] offer excellent liquidity, which often the underlying bonds cannot. “During the credit crisis of 2008, for example, the US bond ETFs traded through the volatility, while it was difficult for people at the same time to price the underlying bond.”
|Source: ETF Radar Magazine|
|Asia ETP News|
|New ETF to be Listed on Mar. 24, 2014 (Mon.)-Nomura Asset Management"NEXT FUNDS Russell/Nomura Fundamental Index Exchange Traded Fund"|
|March 3, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of new ETF managed by Nomura Asset Management Co., Ltd. This will be listed on Monday, March 24, 2014|
|PSU exchange-traded fund can invest up to 10% of corpus in derivatives|
|March 2, 2014--Fund managers of the CPSE Exchange Traded Fund, comprising shares of 10 bluechip firms, will be allowed to invest up to 10 per cent of the Rs 3,000 crore corpus in derivative products like stock futures and interest rate swaps.|
|S&P Dow Jones Indices' Market Attributes: Index Dashboard Asia Pacific|
|February 28, 2014--This month's highlights include:
After a sobering start to the year, February saw global markets in recovery mode. The S&P Asia 50 was up 3% while the Asia-Pacific Emerging BMI Index rose 3.5%.
Bucking the trend-and despite rallying significantly mid-month - the S&P TOPIX ended the month down, as did equity markets in China.
|Hong Kong SFC Proposes Restricting Retail Access to Dark Pools|
|February 27, 2014--Hong Kong's Securities and Futures Commission said it will consult the public on proposed legislation to restrict retail investors from accessing so-called dark pools and enhance disclosure requirements.|
|HK budget hands sweetener to ETF providers|
|February 27, 2014--A stamp duty waiver first introduced in 2010 for some exchange-traded funds listed in Hong Kong is set to be extended to all such products.|
|KRX chief recommends delay in taxing derivatives to after market recovery|
|February 26, 2014-- The head of South Korea's bourse operator said Wednesday it would be best not to tax derivatives trading, but if it's unavoidable, he would recommend levying capital gains tax rather than transaction tax and wait until the local stock market recovers.|
|Competition intensifies in Asia's ETF market|
|February 26, 2014--That ETFs are 'here to stay' may describe their maturity in the US, but their development in Asia will reflect the particular challenges and characteristics facing the region.|
|China Corporate Debt Hikes to $12Tln, Triggers Default Worries?Report|
|February 26, 2014--Chinese non-financial companies held total outstanding debt of about $12 trillion at the end of last year, equal to over 120 percent of GDP,according to Standard & Poor's estimates. China's corporate debt has hit record highs, likely to trigger a wave of restructuring amid worries over defaults.|
|New ETFs Included in Real-Time Dissemination of "TSE Indicative NAV"|
|February 26, 2014--Tokyo Stock Exchange, Inc. (TSE) will newly calculate and publish the real-time Indicative Net Asset Value (Indicative NAV) per share for the below Exchange Traded Funds (ETFs) on our website beginning February 26, 2014.|
ETF: MAXIS J-REIT ETF
|Northern Trust Opens In Kuala Lumpur|
|February 25, 2014--Northern Trust has extended its presence in the Asia-Pacific region with the opening of a Malaysia representative office to support current institutional clients and develop Northern Trust's businesses in Malaysia and the region.|
|Moderately Tight Monetary Policy Expected in 2014|
|It is a great test for the Chinese economy to defuse early-stage risks and optimize resource allocation without bursting bubbles.
February 25, 2014--This January saw 1.32 trillion yuan in new lending, marking a four-year high. However, RMB deposits decreased by more than 900 billion yuan in Jan. 2014, marking the smallest year-on-year percentage increase in a decade. Conflicting signals sent out by these two figures triggered widespread speculation and concern.
|News Analysis: Economists predict changes in China's FX policy|
|February 24, 2014--The value of the Chinese currency Renminbi, or the yuan, has fallen against the U.S. dollar for five consecutive trading days. It weakened 13 basis points to 6.1189 against the greenback on Monday.|
|Fears Australian dollar facing 'benign collapse' to $US66¢|
|February 24, 2014--The Australian dollar could face a "benign collapse" to US66¢ by the end of next year amid falling commodity prices, declining mining investment and reduced government spending, Deutsche Bank says in one of the most bearish forecasts for the local currency.|
|China asset management industry AUM hits record high|
|February 24, 2014--Total assets under management (AUM) overseen by mainland China registered asset managers reached a fresh high of 4.27 trillion RMB (US$677.2 billion) as of the end of January, according to statistics from the Asset Management Association of China (AMAC).|
|CSRC embarks on restructure|
|February 24, 2014--The China Securities Regulatory Commission has merged eight departments and added four in response to the swift development of the country's capital markets and funds industry.|
|CSRC Suspends IPOs Until "Two Sessions": Report|
|February 24, 2014--Data from the Commission showed that nearly 700 companies were awaiting a domestic listing ending February 20.|
|Bank of Japan likely to expand asset buying by summer|
|February 21, 2014--The Bank of Japan is expected to ease policy further by this summer to help boost the economy and pull it out of a 15-year deflation, as the effects from Prime Minister Shinzo Abe's stimulus strategy loses momentum, a Reuters poll showed.|
|Tax setback over Korea October ETN launch|
|February 21, 2014--Regulator hopes to revive flagging derivatives market
Korea Exchange (KRX) is in talks with securities firms about launching exchange-traded notes (ETNs) as early as October this year but a tax issue is proving to be a sticking point in getting the products off the ground.
|UPDATE 1-Chinese yuan fall deepens on offshore markets, down 1 percent to dollar since Monday|
|February 21, 2014--China's yuan currency weakened to its lowest level since early October in offshore trade on Friday,, extending a central bank-sponsored slide that has rattled foreign investors and left questions about Beijing's intentions.|
|Taiwan says China to let QDIIs invest in Taiwan derivatives|
|February 21, 2014--February 21, 2014--China is revising rules to allow its qualified domestic institutional investor (QDII) funds to invest in derivatives traded on Taiwan's stock and futures exchanges, Taiwan's body in charge of relations with mainland China said on Friday.|
|IMF India: Selected Issues|
|February 20, 2014--Summary: The background papers for the 2014 Article IV explore key issues affecting the Indian economy,and implications for fiscal,monetary,structural,and financial sector policies. The first chapter uncovers the factors behind the unprecedented widening of India’s current account deficit in terms of the sectoral savings-investment balance. Persistently-high inflation is found to have depressed real returns,prompting a surge in gold imports and a marked deterioration in household financial savings.|
|IMF India: Staff Report for 2014 Article IV Consultation|
|February 20, 2014-- Summary: KEY ISSUES Context: The tightening of global liquidity has increased external pressures and heightened the focus on India's macroeconomic imbalances (high inflation, large current account and fiscal deficits) and structural weaknesses (particularly supply bottlenecks in infrastructure, power and mining).|
|S.Korea to launch 20-yr T-bond futures, monitor forex deposits|
|February 19, 2014--South Korea's financial regulator said on Thursday it plans to establish a 20-year government bond futures market by 2015 to boost derivatives trading activity and offer investors' more hedging options.|
|HKEx Welcomes First International ETF on Mainland China's Onshore Bond Market|
|February 18, 2014--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the listing set for tomorrow, 19 February 2014 of the CSOP China 5-Year Treasury Bond ETF, which will be the first Exchange Traded Fund, or ETF, outside Mainland China that tracks the Mainland onshore bond market.|
|Energizing Green Cities: Solutions to Meet Demand and Spark Economic Growth|
|February 18, 2014--STORY HIGHLIGHTS: Half of the world's population lives in cities, and urban population in East Asia is growing twice as fast as in the rest of the world.
Urban energy demands and GHG emissions are rising- but cities can become global engines of green growth.
The World Bank's Sustainable Energy and Emissions Planning can help cities get on the green growth path to benefit the environment and their own economic growth.
|DB-Synthetic Equity & Index Strategy- Asia-Pac Weekly ETF Market Review- Inflows to Japan ETFs and outflows from Korea ETFs|
|February 18, 2014--Data in this report is as of 14 February 2014.
Last week, all the major markets in the Asia-Pacific region remained in positive territory except Japan. Compared to the week before, from north to south:
Japan (Nikkei 225) -1.03%
South Korea (KOSPI2) +0.89%
China (CSI 300) +3.76%
Hong Kong (HSI) +3.06%
Singapore (FSSTI) +0.85%
Australia (S&P/ASX 200) +3.67%
|China Record Credit Growth Boosts Outlook for Economy|
|February 17, 2014--Record new credit in China in January will help the economy maintain momentum while highlighting challenges for officials trying to limit the risk of financial turbulence from defaults and bad loans.|
|BlackRock aims to find right formula for Asia-Pacific|
|February 17, 2014--The Asia-Pacific region has been the weak link in BlackRock (BLK) Inc. (BLK)'s global growth story in recent years, leading some market veterans to conclude the New York-based giant has yet to find a formula for success there.|
|Clouds gather over Thai economy|
|February 17, 2014--Any comfort investors in Thailand draw from what happened four years ago, when economic growth, the stock market and foreign investment all surged despite deadly unrest in Bangkok, may be sorely misplaced.|
|Korea-Australia treaty hailed as key to passport|
|February 17, 2014--John Brogden sees the ARFP scheme as harmonising regulation in Asia.|
|R*Shares Nifty ETF & R*Shares CNX 100 Fund listing on BSE|
|Reliance Mutual Fund announces listing of units of R*Shares Nifty ETF & R*Shares CNX 100 Fund on BSE, with effect from February 17, 2014. |
February 15, 2014--Reliance Mutual Fund has announced that with effect from February 17, 2014, has decided to list R*Shares Nifty ETF
|1.3b yuan loss looms for investors in wealth products|
|February 13, 2014--Two investment products worth nearly 1.3 billion yuan (HK$1.66 billion) that were distributed by China Construction Bank (0939) and Ping An Insurance (2318) are on the verge of default.|
|NRI Conducts Nippon Individual Savings Account (NISA) Usage Survey,Findings Project 8.65mn NISA Holders/Applicants by Year-End|
|February 13, 2014-Nomura Research Institute, Ltd, (NRI) a leading provider of consulting services and system solutions, conducted a Nippon Individual Savings Account (NISA)*1 Usage Survey in early February 2014, showcasing NISAs smooth start from the January 2014 launch.|
|ETF/ETN Monthly Report for Jan 2014|
|February 13, 2014--Average daily trading value surges past last month's record high!|
In January, the ETF/ETN market reached a new record high in ADV of about JPY 146 billion. Monthly trading value was at about JPY 2.77 trillion, staying close to last month's high.
NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund (1570) accounted for the majority of the trading value. TOPIX Bull 2x ETF (1568) also saw growing activity.
|Indicative NAV published for new ETFs through the FLEX standard service|
|February 13, 2014--Beginning on March 17, 2014, Tokyo Stock Exchange, Inc. (TSE) will publish the real-time Indicative Net Asset Value (Indicative NAV) per share through the FLEX standard service for six Exchange Traded Funds (ETFs)and one Exchange Traded Note (ETNs)|
|Worried Fed seeks to curb Wall Street banks commodity trade|
|February 12, 2014--China Securities Regulatory Commission (CSRC) has been speeding up the approval process for mutual funds. The regulatory watchdog granted a total of 45 new fund products in January, an increase of 50% from 30 in the same period a year earlier.|
|China set to be the catalyst to end emerging market rout|
|February 12, 2014--The "systemic risk" and concerns in China may be overplayed and the country may be the "catalyst" to help end the current rout in emerging markets, according to Wells Fargo Asset Management.|
|IMF Executive Board Concludes 2013 Article IV Consultation with Australia|
|February 12, 2014--On February 10, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Australia.
The Australian economy has performed well relative to many other advanced economies since the global financial crisis. However, a transition phase has now been reached as the terms of trade driven mining investment boom of the past decade has peaked and the economy is moving to the production and export phase.
|DB-Synthetic Equity & Index Strategy- Asia-Pac Weekly ETF Market Review-Inflows across Asia despite bearish market|
|February 12, 2014--Data in this report is as of 7 February 2014.
Last week, all the major markets in the Asia-Pacific region remained in negative territory except China. Compared to the week before, from north to south:
Japan (Nikkei 225) -3.03%
South Korea (KOSPI2) -0.94%
China (CSI 300) +0.46%
Hong Kong (HSI) -1.81%
Singapore (FSSTI) -0.47%
Australia (S&P/ASX 200) -0.45%
|PBOC's stand signals tight liquidity|
|February 11, 2014--Liquidity is likely to stay relatively tight at least in the first half of the year after the Chinese central bank issued an "unusually hawkish" monetary report at the weekend, according to analysts.|
|Aussie ETF market experiences dip|
|February 11, 2014--The Australian exchange-traded funds (ETFs) market contracted in January after 20 consecutive months of growth in assets under management, according to BetaShares.|
|MAS and SGX propose measures to strengthen the securities market|
|February 10, 2014--The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) today released a joint consultation paper setting out proposals to strengthen the securities market in Singapore.|
|Bitcoin price drops as Mt. Gox exchange closes indefinitely|
|February 10, 2014--Bitcoin has plunged more than 8 per cent after a Tokyo-based exchange halted withdrawals of the digital currency, citing technical malfunction.|
|DB-Synthetic Equity & Index Strategy-Asia-Pac Monthly ETF Market Review- Healthy Inflows Despite of Market Sell-off|
|Data in this report is as of 31st January 2014|
February 10, 2014--Global Summary
Global equity markets remained bearish in January due to concerns over emerging markets economies. Global ETP assets impacted by this and reduced by $68.6bn (-3% YTD) and closed the month at $2.2 trillion.
Overall cash flows for the global ETP industry were negative recording outflows of -$6.9bn in January. US domiciled ETPs experienced the largest outflows (-$15.2bn), while ETPs in Europe and Asia-Pac regions recorded inflows of +$4.9bn and +$3.4bn respectively. Fixed income ETFs witnessed positive flows across all the regions with total new creations of +$3.2bn.
Monthly Trends-Asia Pacific
Last month, all the major markets in the Asia-Pacific region remained in the negative territory. Compared to the month before, from north to south: Japan (Nikkei 225) -8.45%
Korea (KOSPI2) -4.30%
China (CSI 300) -5.48%
Hong Kong (HSI) -5.45%
Singapore (FSSTI) -4.43%
Australia (S&P/ASX 200) -3.03%
|PBOC Signals Money-Market Volatility as China Seeks to Tame Debt|
|February 9, 2014--China's central bank signaled that volatility in money-market interest rates will persist and borrowing costs will rise, underscoring the risk of defaults that could weigh on confidence and drag down growth.|
|The People's Bank of China-Statistical Report on Uses of Loans by Financial Institutions, 2013|
|February 8, 2014--The People's Bank of China-Statistical Report on Uses of Loans by Financial Institutions, 2013 is now available.|
|JPX-Nikkei Index 400 expected to become favorite for derivatives|
|February 7, 2014--Market participants say institutional-investor demand for the new JPX-Nikkei Index 400 is likely to be strong, and it could become the preferred option for over-the-counter, listed futures and options and other products.|
|New ETF to be Listed on 25. Feb, 2014(Tue.)-Mitsubishi UFJ AM "MAXIS J-REIT ETF"|
|February 7, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF managed by "Mitsubishi UFJ Asset Management Co., Ltd" The ETF will be listed on Tuesday, 25. Feb, 2014.|
|Singapore moots major reforms of its bourse rules|
|February 7, 2014--Singapore has proposed a major shake-up of its stock market rules following a penny stock scandal which hit trading volumes on Southeast Asia's largest bourse that has recently struggled to attract big share listings like its rival in Hong Kong.|
|UPDATE 1-Mitsubishi UFJ Securities International to close commodity ops|
|Concerned about long-term profitability, capital efficiency
Has started winding down commodity derivatives business
Tougher regulation a big factor in decision-source
January 6, 2014--Japan's Mitsubishi UFJ Securities International became the latest bank to withdraw from the commodities sector, hit by weaker investor interest and tougher regulation.
|2 New ETFs to be Listed on Mar. 7, 2014 (Fri.) -Norinchukin Zenkyoren Asset Management, "NZAM ETF J-REIT Index, NZAM ETF TOPIX Ex-Financials"|
|February 6, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of new ETFs managed by Norinchukin Zenkyoren Asset Management Co., Ltd. These will be listed on Friday, March 7, 2014.|
|Gold ETFs appear to have fallen out of favour in India|
|February 6, 2014--In what is termed as the first yearly decline in assets under management since their introduction in 2007, gold ETFs have lost over $479 million in 2013.|
|IMF Working paper-Leaning Against the Wind: Macroprudential Policy in Asia|
|February 6, 2014--Summary: In recent years, macroprudential policy has become an increasingly active policy area. Many countries have adopted it as a tool to safeguard financial stability, in particular to deal with the credit and asset price cycles driven by global capital flows. This paper reviews the use of key macroprudential instruments and capital flow measures in 13 Asian economies and 33 economies in other regions since 2000, and constructs various macroprudential policy indices, aggregating sub-indices on key instruments.|
|Base prices and daily price limits for newly listed ETF|
|February 5, 2014--The base price, etc. of MAXIS JPX-Nikkei Index 400 ETF (Code: 1593), which is scheduled for initial listing on February 6, 2014, are as below.|
|UPDATE 2-Indonesia Q4 GDP picks up pace, may buffer emerging market turmoil|
|February 5, 2014-- Q4 GDP +5.72 pct y/y vs forecast of +5.30 pct
Growth buoyed by exports, private consumption
Some risk seen from partial mineral ore exports ban
Central bank to hold rate review Feb. 13 (Adds more market reaction)
February 5, 2014--Indonesia's economic growth surprisingly gathered pace in the latest quarter, suggesting the economy is entering the new year with more momentum than expected to withstand the turmoil affecting emerging markets.