| Fidessa explores challenges and opportunities of Best Execution in Australia-continued | |||||
| Third white paper in series on Australia looks at how firms can turn regulatory burden into competitive edge
February 7, 2012 – Fidessa group plc, provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the publication of the third in its series of white papers looking at issues raised by the new market integrity legislation in Australia. | |||||
| Entitled Beauty and the Best - the perils and opportunities of Best Execution in a multi-market structure, the paper examines different ways in which equity brokers might approach the new obligation for Best Execution, and how their buy-side clients will be affected. This latest paper considers how far it is possible to achieve and demonstrate Best Execution in the changed equity trading landscape, exploring what it means for market participants of all types and how its implementation might play out. As with preceding papers, Beauty and Best draws on Fidessa’s global experience to highlight the critical differences between Australia’s own Best Execution requirements and those that apply in other jurisdictions. The paper goes on to assess how these may become a key point of competitive differentiation in Australia just as they have in some other markets. | |||||
| Asia ETP News |
| SSgA boosting Asian capabilities, launches China JV | |||
| June 18, 2013--State Street Global Advisors (SSgA) is moving to strengthen its investment capabilities across Asia Pacific including in China, where it is recruiting for its freshly minted joint venture. | |||
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| HKEx Welcomes Tomorrow''s Listing Of Hong Kong's First RMB Bond ETF | |||
| June 17, 2013--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the listing of Asia’s first offshore renminbi (RMB) bond Exchange Traded Fund (ETF) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, scheduled for tomorrow (Tuesday). | |||
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| BlackRock aims to be big in Japan | |||
| CEO says Japan is critical to the US fund giant’s goal of increasing its asset base by $200bn a year June 16, 2013--The chief executive of BlackRock, Larry Fink, said Japan is critical to the US fund giant's goal of increasing its asset base by $200 billion a year. | |||
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| Chinese govt buys financial, blue-chips shares in bid to boost market | |||
| June 14, 2013--China's government is increasing its equity stakes in two financial companies in a move to restore confidence in China's stock market after the key index hit a six-month low last week. | |||
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| New 3 ETFs to be Listed on July 17, 2013(Wed.)-BlackRock Group, "iShares(R)" Series | |||
| June 14, 2013--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of three new ETFs managed by BlackRock Fund Advisors. | |||
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| HuaAn expects Chinese gold ETF to raise up to $489m | |||
| HuaAn Asset Management expects to raise between $326 million and $489 million initially for its planned gold-backed ETF. June 13, 2013--HuaAn Asset Management expects to raise between 2 billion yuan and 3 billion ($326 million -$489 million) initially for its planned gold-backed exchange-traded fund (ETF), one of China's first gold ETFs, the fund's portfolio manager said. | |||
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| World Bank cuts China growth forecast | |||
| June 12, 2013--The World Bank has cut its growth forecast for China amid warnings of slower but more stable global growth over the coming months. | |||
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| China approves two domestic gold-backed ETPs | |||
| The ETPs will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange June 11, 2013--China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low. | |||
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| OSE-About Open Interest for Nikkei 225 Options--Exceeding 5 million units- | |||
| June 10, 2013--Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the open interest for Nikkei 225 Options was 5,003,154 units (preliminary estimates) on June 7, exceeding 5 million units for the first time since the launch date, June 12, 1989. | |||
| read more | |||
| India rupee in 'freefall' as hits record low vs dollar | |||
| June 10, 2013--India's rupee slid to a record low against the dollar Monday as dealers moved into the US currency following robust US jobs data and growing concern about the South Asian nation's struggling economy. | |||
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| FinEx in China push for its next ETF | |||
| June 10, 2013--FinEx ETF, the exchange-traded fund arm of UK investment management firm FinEx Group, is exploring options to list ETFs in China, after being the first to successfully list them in Russia. | |||
| read more | |||
| Deutsche Bank opens 200-tonne gold storage facility in Singapore | |||
| June 10, 2013--In a bid to capture part of the surging demand globally for physical bullion, Deutsche Bank has launched its second-biggest gold storage vault in Singapore. | |||
| read more | |||
| iShares launches Asia's first offshore RMB-denominated bond ETF | |||
| June 7, 2013--BlackRock announced on Thursday (June 6) that its iShares exchange traded funds (ETFs) business, the world's largest manager of ETFs, is expanding its fixed income ETF product suite with the launch of Asia's first offshore RMB-denominated bond ETF-the 'iShares RMB Bond Index ETF' in Hong Kong. | |||
| read more | |||
| ETF/ETN Monthly Report for May 2013-Average daily trading value breaches the 100 billion yen mark for the first time! | |||
| June 7, 2013--Trading activity in the ETF/ETN market in May continued to rise on the back of vibrant stock market conditions. | |||
| read more | |||
| Nikko AM makes monumental management manoeuvres | |||
| June 7, 2013--Nikko Asset Management (Nikko AM) is to nominate Takumi Shibata as its candidate to be director and chairman at its annual shareholders' meeting on June 28. | |||
| read more | |||
| Thai bourse lists KTAM SET Commerce ETF Tracker on June 11 | |||
| June 7, 2013--The Stock Exchange of Thailand (SET) will list KTAM SET Commerce ETF Tracker, managed by Krung Thai Asset Management pcl, on its main board on June 11, under the ticker "ECOMM". The fund's policy allows for dividend payments of up to 4 times per year. | |||
| read more | |||
| Custom ETF mandates on the rise in Asia | |||
| June 6, 2013--More Asian banks and institutions are offering discretionary exchange-traded fund portfolios to private banks and high-net-worth individual investors in the region. | |||
| read more | |||
| SSE and CSI Dividend Potential Index, SSE and CSI Sector Dividend Indices To be Launched | |||
| June 5, 2013--To further enhance index family as well as to provide new analysis tools and underlying instruments for investors, SSE and CSI today announced that SSE Dividend Potential Index, CSI Dividend Potential Index, SSE Sector Dividend Indices and CSI Sector Dividend Indices to be launched on July 2, 2013. | |||
| read more | |||
| Shanghai Stock Exchange And China Securities Index Co. Dividend Potential Index, SSE And CSI Sector Dividend Indices To Be Launched | |||
| June 5, 2013--The Shanghai Stock Exchange (SSE) and China Securities Index Co (CSI) will launch a series of new equity indices on July 2 designed to serve as benchmarks for investors targeting high-yield stocks with strong dividend growth potential, according to information posted Wednesday on their websites. | |||
| read more | |||
| Singapore ETF market outlook | |||
| June 5, 2013--Exchange Traded Funds (ETF) have been trading on the Singapore Exchange (SGX) for 10 years now but their popularity while on the uptick still lags behind other places like Hong Kong. | |||
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| RQFII managers get record quota, plan products | |||
| June 4, 2013--RQFII fund managers can now offer a more diverse range of products, including segregated accounts, | |||
| read more | |||
| Mitsubishi UFJ Trust and Banking Corporation Selects FTSE WPU to Hedge Currency Exposure for a Japanese Institutional Investor | |||
| June 3, 2013--FTSE Group ("FTSE"), the global index provider, today announces that Mitsubishi UFJ Trust and Banking Corporation has commenced provision of a customized solution for institutional investors which hedges foreign currency exposure using the FTSE World Parity Unit (WPU). | |||
| read more | |||
| Hong Kong-listed funds on the rise | |||
| June 2, 2013--Hong Kong is becoming an increasingly popular domicile for investment funds. This is due to friction in cross listing Ucits products and a growing number of regional benefits that come with using a local domicile.< | |||
| read more | |||
| Index Treatment for TSE /OSE Cross-Listed Issues After Cash Equity Market Consolidation | |||
| May 31, 2013--Tokyo Stock Exchange, Inc. (TSE) announced today how TSE/OSE cross-listed issues will be treated in index calculation after consolidation of the TSE and OSE cash markets scheduled for July 2013. | |||
| read more | |||
| 2013 Article IV Consultation with Japan-Concluding Statement of the IMF Mission | |||
| May 31, 2013--The economic recovery is gaining traction, driven in large part by the adoption of the new Quantitative and Qualitative Monetary Easing (QQME) framework. To succeed in raising growth and inflation, a complete package of ambitious fiscal and growth reforms is also needed. | |||
| read more | |||
| SEBI to ease regulations for securities borrowing, lending | |||
| May 30, 2013--The Securities and Exchange Board of India (SEBI) said on Thursday it would increase the number of stocks that are allowed to be used for borrowing and lending, thus relaxing short-selling rules. | |||
| read more | |||
| Mirae names new CMO, revives Europe push | |||
| Newly appointed chief marketing officer, Ashley Dale, will be visiting Europe next week to evaluate how many sales staff to hire. The firm is also planning two more ETF launches May 29, 2013--Mirae Asset Global Investments, the international arm of South Korea's Mirae Asset, is making a new push towards global investors after recently promoting Ashley Dale to chief marketing officer. | |||
| read more | |||
| TSE has published the index value of TSE Home Price Index for March. | |||
| May 28, 2013--The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area)is 77.12 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 81.02?points. | |||
| read more | |||
| RBI bars banks, NBFCs from lending against gold exchange traded funds, mutual funds | |||
| May 28, 2013--The Reserve Bank of India has said that banks and non-banking finance companies will not be permitted to provide loans against units of gold exchange traded funds and gold mutual funds, with an aim to curtail the demand for the yellow metal. | |||
| read more | |||
| IMF Mission Completes the 2013 Article IV Consultation Discussions with China | |||
| May 28, 2013--At the conclusion of the visit, the mission issued the following statement:
, Despite weak and uncertain global conditions, the Chinese economy is expected to grow at around 7¾ ¾ percent this year. The pace of the economy should pick up moderately in the second half of the year, as the recent credit expansion gains traction and in line with a projected mild pick-up in the global economy. | |||
| read more | |||
| DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM reduced $2.2bn amid weak equity markets | |||
| May 27, 2013--Market Review
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) -3.47% Korea (KOSPI2) -0.64% China (CSI 300) +0.20% Hong Kong (HSI) -2.01% Singapore (FSSTI) -1.63% Australia (S&P/ASX 200) -3.81% | |||
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| HSBC: Singapore is to be next offshore renminbi trading hub | |||
| May 26, 2013--Singapore could become the next offshore trading hub for the renminbi, according to new research from HSBC China. | |||
| read more | |||
| Goldman Sachs to Manage ETF of India State-Run Firms | |||
| May 24, 2013--India has appointed Goldman Sachs GS +0.83% Asset Management (India) Pvt. Ltd. to create and launch an exchange-traded fund that will raise money from investors and invest in state-run companies, a senior finance ministry official said Friday. | |||
| read more | |||
| MSCI poaches from Credit Suisse, Pimco | |||
| The group has made two new hires – one for its index business and one on the analytics side – to strengthen its Asia operations.
May 24, 2013--Index and analytics/software provider MSCI has expanded its team in Hong Kong and Singapore by luring Rene Veerman from Credit Suisse and Quah Chum-Yong from US asset manager Pimco. | |||
| read more | |||
| HKEx touts CES Indexes as critical platform | |||
| May 24, 2013--Charles Li, chief executive of Hong Kong Exchanges and Clearing Limited (HKEx), identifies the development of the soon-to-be-launched China-linked CES index series as a significant platform for the bourse to expand into the index futures business. | |||
| read more | |||
| Shanghai Stock Exchange-Notice of Taking ETFs as Underlying Securities of Margin Trading and Securities Lending | |||
| May 24, 2013--All member units and fund management companies According to Articles 25 and 26 in the "SSE Detailed Rules for Implementation of Margin Trading and Securities Lending", the Shanghai Stock Exchange (SSE) hereby makes the following notice for relevant issues of taking ETFs as underlying securities of margin trading and securities lending: | |||
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| Japan delays cross-border rules amid US and European uncertainty | |||
| Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japan FSA May 23, 2013--Japan is delaying its cross-border clearing rules to avoid adding to the "tremendous uncertainty" created by the US and Europe over this issue, according to Masamichi Kono, vice-commissioner for international affairs at the Japan Financial Services Agency (JFSA). | |||
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| US's KraneShares thinking outside the 'ETF in a box' | |||
| May 23, 2013--US exchange traded fund manager KraneShares is preparing to launch a suite of funds after cutting ties with ETF incubator Exchange Traded Concepts. | |||
| read more | |||
| Bank of Japan vows market steps to curb bond turbulence | |||
| May 22, 2013--The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardize the government's fight to end deflation and revive growth. | |||
| read more | |||
| BlackRock taps Asia with property deal | |||
| May 21, 2013--BlackRock has planted a flag in Asian property by buying MGPA, a Singapore-based private equity firm, in a deal that highlights investor demand for assets that offer steady income and protection against inflation. | |||
| read more | |||
| Deutsche Bank- Synthetic Equity & Index Strategy-Global-ETF Handbook Series-Accessing Asia through ETFs | |||
| May 21, 2013--A global guide for accessing Asian markets with ETFs
Asia-growth drivers of the world economy Asia has assumed increasing importance in the world stage with its high GDP growth rates and stable economic outlook. In contrast to major western countries which have been impacted by the credit and financial crisis, Asian economies have maintained a relatively stable growth path in the past decade. | |||
| read more | |||
| DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM added $1.9bn, Cash flows moderate | |||
| May 21, 2013--Market Review
Last week, all the major markets in the Asia-Pacific region had mixed markets. Compared to the week before, from north to south: Japan (Nikkei 225) +3.63% Korea (KOSPI2) +2.48% China (CSI 300) +2.02% Hong Kong (HSI) -1.02% Singapore (FSSTI) +0.16% Australia (S&P/ASX 200) -0.49% | |||
| read more | |||
| Tokyo Commodity Exchange Monthly Foreign Customer Trades Hit All-time High In April | |||
| May 21, 2013--The Tokyo Commodity Exchange, Inc announced today that the April 2013 monthly volume of customer trades (sell & buy) originating overseas marked all-time high with 2,244,433 contracts renewing the record made in February 2013 | |||
| read more | |||
| Yuanta JV plans Greater China ETF platform | |||
| May 21, 2013--After launching a fixed income mutual fund in China, Taiwan's Yuanta will roll out a more unusual cross-border ETF, a big step forward for China, Hong Kong and Taiwan. | |||
| read more |