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DB Global Equity Index & ETF Research: Asia Pacific ETP Market Weekly Review
December 6, 2010--Market Overview
There are 245 equity based ETFs in the Asia Pacific region with 340 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 39.19% of the whole market, whilst China has the largest market share by turnover with 39.19%.
There was one new listing on the previous week. Simplex Asset Management launched a new ETF listed on the Osaka Securities Exchange. The objective of this fund is to track the performance of the Jasdaq-top 20.
Turnover
Monthly average daily turnover declined 5.4% in the last week. Turnover for the previous week was USD 1,482m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 265m accounting for 17.9% of total turnover.
Assets Under Management
AUM rose 1.1% in the previous week. AUM as of Dec 3rd was USD 75.1bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 8.1bn.
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Source: DB Global Equity Index & ETF Research
China Index Data Now Available on RIMES
December 6, 2010--RIMES Technologies, today announced that it has become the first data integrator to offer index data from the Shanghai Stock Exchange (SSE) and China Securities Index Company Limited (CSI).
Compiled by the China Securities Index Company Limited (CSI), a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, CSI specializes in the creation and management of indices and index-related services.
Comprehensive benchmark coverage on RIMES now includes the market leading CSI 300 Index and also the SSE 180, SSE 50, SSE Dividend, SSE New Composite and SSE Composite Indices, as well as the SSE Fund, SSE Government Bond and SSE Corporate Bond Sector Indices.
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Source: RIMES
Australia rules against private equity on tax
December 3, 2010-On December 1, 2010, Australia ruled on Wednesday that gains from asset sales by private equity firms would be taxed as income, dealing a blow to an industry already struggling with nervous stock markets and a shortage of willing buyers.
The Australian Tax Office's (ATO) ruling also ensures that private-equity lobbyists will head to Canberra in the new year to call on the government to legislate to overturn the ruling, which they say will hurt Australia's investment reputation.
Source: Reuters
Motilal Oswal Mutual Fund files for India’s 1st US Equity ETF based on the NASDAQ 100-Index
Motilal Oswal Asset Management Company Ltd and The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) have announced the filing of the draft Scheme Information Document (SID) with SEBI for the Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares N100)
December 2, 2010--an open ended index ETF, which seeks to track the NASDAQ-100 Index®.
This will be India’s first US Equity based exchange traded fund (ETF), once it is approved by the Indian regulators.
The NASDAQ-100 Index® is made up of the 100 largest non-financial companies listed on The NASDAQ Stock Market®. The NASDAQ 100-Index is developed and maintained by The NASDAQ OMX Group, the world's largest exchange company.
With the surge in popularity of technology stocks, the NASDAQ-100 Index® has become the premier benchmark for high-tech investors as well as one of the most followed indexes in the world.
Commenting on the filing, Mr. Nitin Rakesh, MD & CEO of Motilal Oswal AMC commented, “MOSt Shares N100 will be a unique offering. It aims to provide Indian investors with a global, diversified, rupee denominated, Indian market hours access to high growth NASDAQ-100 Index companies such as Google, Microsoft, Apple and other leading global companies.” Investing in the ETF does not impact overseas investment limits and is treated at par with all Indian mutual fund investments while trading like a share on Indian stock exchanges. “We plan to launch more such specialized first of their kind world leading products which help investors create a well diversified portfolio from global assets” added Mr. Rakesh. “Once MOSt Shares N100 is approved by regulators, investors in India will have exposure to one hundred of the world’s most innovative non-financial companies,” said John Jacobs, Executive Vice President, NASDAQ OMX. “It is only fitting that the MOSt Shares N100 will be the first ETF listed in India based on a U.S. equity index, as the NASDAQ-100 Index is the basis of nearly 1700 investment products in more than 37 countries. The MOSt Shares N100 brings innovative investment opportunities to local investors in India, the world’s largest democracy.”
Once Approved, MOSt Shares N100 will add to the expanding MOSt Shares platform. Motilal Oswal’s flagship MOSt Shares M50 had received a tremendous response from investors with the NFO raising over INR 235 crores.
Source: PRlog
Asian stocks mirror overseas rally
December 1, 2010--The region’s stock markets enjoyed a strong session amid optimism about the global economic recovery and hopes that European policymakers would act to ease the region’s debt crisis.
In Tokyo, the Nikkei 225 Average ended 1.8 per cent higher at 10,168.52, having earlier touched a five-month intraday high of 10,187.59. The broader Topix index rose 1.3 per cent to 877.21.
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Source: FT.com
Credit Suisse joins Singapore Exchange to Clear OTC Financial Derivatives
December 1, 2010--Singapore Exchange (SGX) today welcomes Credit Suisse AG to its SGX AsiaClear service as SGX Bank Clearing Member for the clearing of over-the-counter (OTC) traded financial derivatives.
Mr Muthukrishnan Ramaswami, President of Singapore Exchange, said, “We welcome Credit Suisse to SGX. With the addition of Credit Suisse, we now have a total of 10 bank clearing members that are active in the OTC traded financial derivatives. Following our launch on 15 November, we are seeing more global and regional banks coming forth with interest to participate in our clearing service. Banks see benefits in using SGX’s central counterparty clearing services to reduce counterparty risk and facilitate their business growth.”
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Source: Asia E Trading
SSE 380 Index Opens At 4,500 Points On 1st Trading Day
December 1, 2010--The average P/E ratio of SSE 380 Index was 35.8, higher than 17.5 of the overall average P/E ratio of the companies listed on the Shanghai Stock Exchange (SSE) and close to 37 of that of the Shenzhen Stock Exchange (SZSE), SSE Vice President Zhou Qinye said at the launch ceremony of SSE 380 Index yesterday. Quite a few fund companies have expressed their desire to develop products based on SSE 380 Index, while the SSE is also looking forward to the early introduction of relevant products.
Zhou said that today's investment is mainly indexation investment, which requires the provision of a series of indices for the multi-layer market to depict the market features and satisfy the investors' needs of observing the market in multiple levels and angles. A few years ago, the SSE introduced the SSE 50 Index and SSE 180 Index. Now, the number of companies, market capitalization and turnover of the SSE 180 Index account for 20%, 73% and 55% of that of all 890 SSE-listed companies, respectively. The SSE 180 Index enables investors to learn the features of big-cap blue chips listed on the SSE. As most SSE 180 Index constituent companies develop from small and medium sized enterprises, it is necessary to develop an index to describe the overall performance of medium sized enterprises with good growth prospect, strong profitability and distinct industry representativeness. SSE 380 Index is just the result of that effort. It is expected that the newly launched index would join with SSE 50 Index and SSE 180 Index in depicting the characters of the multi-layer blue-chip SSE market made up of big-cap blue chips.
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Source: Shanghai Stock Exchange (SSE)
India rates pressure after surge in economy
November 30, 2010--India’s economy grew close to 9 per cent in the three months to the end of September, putting pressure on the central bank to continue its aggressive campaign of raising interest rates over the next two months.
The economy’s acceleration by 8.9 per cent in the second quarter, released on Tuesday, considerably surpassed analysts’ expectations that growth would fall short of the 8.8 per cent year-on-year recorded in April to June.
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Source: FIN24
82% of Thai alternative market's rated firms earn 'good' or better in governance
November 30, 2010--Of the 65 firms listed on the Market for Alternative Investment (mai), 49 were rated for their degree of good corporate governance (CG). Forty, or 82% of the
those rated, earned scores evaluations of "good" or better in the Thailand
Institute of Directors (Thai IOD)'s Corporate Governance Report 2010. Lighting & Equipment PCL (L&E) received five logos (stars) and became the first mai-listed company to receive this rating by earning a corporate governance (CG) score of 90% or more.
"This report is supported by The Stock Exchange of Thailand (SET) and Securities and Exchange Commission (SEC). The average score of mai-listed firms gradually improved, from 57 in 2003 to 78 in 2010. L&E also received the Top Corporate Governance Report Award in SET Awards 2010," revealed mai President Mr. Chanitr Charnchainarong.
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Source: The Stock Exchange of Thailand (SET)
First Gold ETF in China Approved
November 30, 2010--A company executive of Lion Fund Management Co. reported that the firm plans to raise up to $500 million in China to invest in overseas exchange-traded funds (ETFs) backed by gold bullion, the first in the country that has been approved to do so, according to a Bloomberg report.
Yang Zi, an executive at Lion Fund’s marketing department, stated that “We will be the first fund in China to offer an access to invest in overseas gold-backed ETFs. Given the inflationary environment we are in right now, Chinese investors have great enthusiasm for gold investments.”
She went on to say that Lion Fund Management has received approval from the China Securities Regulatory Commission..
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Source: Gold Alert
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