DB-Equity Research-Asia-Pac ETF Market Weekly Review: ETP assets hold on around $100bn, but still under pressure-continued

March 26, 2012--Market Review
All the major Asia-Pacific markets were down last week. From north to south, Japan (Nikkei 225) fell by 1.17%, Korea (KOSPI2) declined by 0.12%, China (CSI 300) was down by 2.69%, Hong Kong (HSI) decreased by 3.04%, Singapore (FSSTI) slipped by 0.68%, and Australia (S&P/ASX 200) dropped by 0.13% over the previous week.
New Launch Review
Last week, only one new product was launched in the Asia-Pacific ETP market. New entrant Canara Robeco listed one Gold ETF on National Stock Exchange (India) tracking domestic price of physical gold.

Turnover Review
Asia-Pacific ETP turnover totaled $5.2bn for the last week, 14.5% down from the previous week’s total. South Korea continues to be on top of the turnover ranking with $1.6bn, followed by China ($1.4bn), Hong Kong ($1.3bn), Japan ($0.5bn), and Taiwan ($0.1bn). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of $2.6bn, $0.8bn, $0.7bn and $0.5bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $113m for the last week.

Assets Under Management Review
Last week, Asia-Pacific ETP AUM declined by $0.7bn and ended at $99.9bn. On a year to date basis, Asia-Pacific ETP market is up by $8.4bn or 9.2% above last year’s closing.

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Source: Deutsche Bank - Equity Research - Asia Pacific

Asia ETP News
IMF Working paper-India: Defining and Explaining Inclusive Growth and Poverty Reduction
April 16, 2014--Summary: The IMF has documented the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in India.
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QDII 2 unveiled in landmark China opening
April 11, 2014--A scheme to link the Hong Kong and Shanghai exchanges and allow institutions and wealthy individuals to trade cross-border is broadly welcomed.
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Time For South Asia to Focus Attention on Domestic Risks, World Bank Says
With external vulnerability receding, time to refocus on reforms
April 9, 2014--The World Bank said today it was cautiously optimistic about economic prospects in South Asia in 2014 because of growing exports and investment as it emphasized that the risks to growth were becoming more domestic, including an increasingly vulnerable banking sector.
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Malaysia's i-VCAP to boost Islamic ETF with foreign stocks
April 8, 2014--I-VCAP Management, Malaysia's only asset manager offering Islamic exchange-traded funds, will this year launch its first product that includes foreign equities to attract new investors.
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Barclays El-Asmar to depart
April 8, 2014--Philippe El-Asmar, head of global equities distribution and head of distribution Asia Pacific at Barclays in Hong Kong, will leave the firm at the end of April.
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East Asian Economies Expected to Grow at a Stable Pace in 2014
Structural Reforms Key to Long-Term Growth and Prosperity
April 7, 2014--Developing countries in the East Asia Pacific region will see stable economic growth this year,bolstered by a recovery in high-income economies and the market's modest response so far to the Federal Reserve's tapering of its quantitative easing,according to the East Asia Pacific Economic Update released today by the World Bank.
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ETF/ETN Monthly Report for Mar 2014
April 4, 2014--Daily average trading value surpassed JPY 100 billion for the fifth consecutive month
The ETF/ETN market remained vibrant in March 2014, with a daily average trading value of about JPY 119.2 billion and monthly trading value reaching about JPY 2.38 trillion.
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ETF License Application for TOPIX Double Inverse (-2x) Index
April 2, 2014--The TSE is now accepting license applications for ETFs based on this index as follows:
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Singapore Exchange mulls starting physical gold trading
SGX may join peers in South Korea and China in offering physical bullion trading as Asian demand increases, drawing supplies out of Europe.
March 27, 2014--Singapore Exchange Ltd., Southeast Asia's biggest bourse operator, is considering starting physical gold trading, according to three people with direct knowledge of the matter.
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Futures tracking new Nikkei index to trade on OSE
March 26, 2014--Japan Exchange Group, operator of Asia's largest bourse, said Tuesday that it will launch futures products based on the recently created JPX-Nikkei Index 400 stock average on its Osaka Exchange this fall.
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Japanese investment in foreign securities hit new high in 2013
March 26, 2014--The value of outstanding Japanese investment in foreign securities rose 18% to reach a record 478 trillion yen ($4.63 trillion) at the end of last year, Bank of Japan data released Tuesday shows.
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Ucits bonus rules may boost HK fund take-up
March 26, 2014-- Asset managers in Asia may consider redomiciling Ucits funds as Hong Kong vehicles if they were to .
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Thai bourse lists KTAM SET50 ETF Tracker on March 26
March 25, 2014--The Stock Exchange of Thailand (SET) will list KTAM SET50 ETF Tracker, managed by Krung Thai Asset Management pcl (KTAM), on its main board on March 26, under the ticker "ESET50." The fund offers the lowest management fee among ETFs tracking SET50 in order to give more returns to investors.
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Absa's palladium ETF amasses 8,600 oz
March 25, 204--The palladium-backed exchange-traded fund due to be launched in Johannesburg by Absa Capital on Thursday has already amassed 8,600 ounces of metal to back its shares, Absa's head of exchange-traded products said on Monday.
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Infographic: Higher-Density Cities for a Greener China
March 24, 2014--The Infographic: Higher-Density Cities for a Greener China is available.
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South Asia Regional Brief
March 24, 2014--STORY HIGHLIGHTS
The percentage of people living on less than $1.25 a day fell in South Asia from 61% to 31% between 1981 and 2010. Still, 42% of the world’s poor live in South Asia-more than any other region in the world.
Growth in South Asia rose to an estimated 4.6 percent in 2013 from 4.2 percent in 2012 on a market price-calendar year basis. Growth was, however, well below its pre-crisis pace.
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Disentangling India's Investment Slowdown
March 24, 2014--Summary: This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and economic policy uncertainty.
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China Expands Bank Financing With Preferred Stock Trial
March 21, 2014--China issued rules for a trial program allowing companies to sell preferred stock, expanding financing options for the nation's banks as they seek to address tougher capital requirements.
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