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DB Index Research -- Weekly ETF Reports - Asia Pacific
December 10, 2009--Highlights
Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.54% of the whole market, whilst China has the largest market share by turnover with 53.07%.
There were no new listings in the last week.
Turnover
Monthly average daily turnover rose 7.4% in the last week. Turnover for the previous week was USD 1124m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 313m accounting for 27.8% of total turnover.
Assets Under Management
AUM rose 1.9% in the previous week. AUM as of Dec 7th were USD 62.7bn. The largest ETF by AUM is the TOPIX ETF, managed by Nomura Asset Management, with AUM of USD 6.8bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
Shanghai exchange approves global ETFs
December 7, 2009--The Shanghai Stock Exchange has approved the development of global exchange-traded funds (ETFs) by Chinese fund houses to track six overseas indexes including the Dow Jones industrial average (.DJI), the Shanghai Securities News reported on Monday, citing Xu Ming, vice general manager of the exchange.
Plans for the global ETFs have been submitted to securities regulators for approval and the Shanghai Stock Exchange has made all the technical and system preparations required for their launch, the newspaper said.
Shanghai is promoting the development of new investment products and opening its markets as part of plans to become into an international financial center by 2020.
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Source: Reuters
According to President Zhang Yujun of the SSE five to ten ETFs are to be lisited on the SSE
December 4, 2009--About five to ten ETFs are prepared to be listed on the Shanghai Stock Exchange (SSE), according to President Zhang Yujun of the SSE at the 8th International Forum for Chinese Securities Investment Funds on December 2.
Zhang described the bourse's role on the fund market with 3 key words, namely, innovation, supervision and services. The bourse will promote the innovation and self-regulatory supervision of the fund industry as well as continuously improve the services for the industry.
According to Zhang, as the committed supporter and consultant for the fund industry's innovation, the exchange has promoted the development of passively-managed funds and the rapid growth of indexation investment in China. In 2009, index funds including the ETF markets of the SSE and the Shenzhen Stock Exchange saw a rapid expansion. Two ETFs were issued through the SSE, and Bosera SSE Mega-cap ETF will be issued next Monday. With four listed ETFs and the to-be-launched SSE Mega-cap ETF, the SSE expects the total size of ETFs to reach US$10 billion. "Compared with an US$800 billion ETF market, there's still room for growth", said Zhang.
Source: Online News
Saudi remains biggest Japan oil supplier
December 3, 2009-- The Japanese Natural Resources and Energy Agency has said that crude oil imports from Kuwait had dropped 9.2% in October from a year earlier to 7.79 million barrels, or 251,000 barrels per day (bpd), the first decline in two months, Kuna has reported.
Saudi Arabia remained Japan's biggest oil supplier, with imports from the kingdom plunging 22.6% from a year earlier to 29.42 million barrels, followed by the UAE with 27.69 million barrels, up 4.1%. Qatar ranked third, with shipments jumping 36.7% to 13.77 million barrels.
Source: Online News
DB Index Research -- Weekly ETF Reports -- Asia-Pacific
December 2, 2009--Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 40.49% of the whole market, whilst China has the largest market share by turnover with 51.89%.
There were 2 new listings in the last week. UOB AM Ltd listed 1 ETF on the Singapore Stock Exchange and Nomura AM listed 1 ETF on the Tokyo Stock Exchange. Both funds offer exposure to non domestic markets.
Turnover
Monthly average daily turnover rose 8.8% in the last week. Turnover for the previous week was USD 1047m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 290m accounting for 27.7% of total turnover.
Assets Under Management
AUM rose 2.5% in the previous week. AUM as of Nov 30th were USD 61.5bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, managed by BGI, with AUM of USD 6.5bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
HKFE Announces Revised Margins for Hang Seng Index, Mini-Hang Seng Index, HSBC and China Construction Bank Futures Contracts
December 1, 2009--Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Thursday, 3 December 2009, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/tradinfo/futuresmargin/FOmargin.htm).
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Source: Hong Kong Futures Exchange Limited (HKFE)
Mutual Funds Go Online
November 30, 2009-- Investors can finally buy or sell units of their favourite mutual funds online.
The National Stock Exchange today permitted transactions in the units of mutual funds on its online platform. The transactions will have to be routed through an NSE broker.
Initially, investors will be able to trade only in the 30 schemes of UTI Mutual Fund.
Senior NSE officials said fund houses such as Tata Mutual Fund, Reliance Mutual Fund, Birla Sun Life, ICICI Prudential Mutual Fund and Fidelity would come on board in the next few days.
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Source: Telegraph
India sets deadline for IFRS introduction
November 30, 2009--The Indian government has pledged to align India’s corporate accounting practices with international financial reporting standards within 18 months, defying doubts about the readiness of the country's accounting industry.
Senior accountants have highlighted a potential gap between the ambitions of India’s regulators and the training required to implement the new rules
R Bandyopadhay, secretary of the Ministry of Corporate Affairs, said the government was standing by a commitment to introduce the rules by April 2011. He told a meeting on corporate accounting: “A country like ours should not fail in keeping the commitment.”
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Source: FT.com
Bursa Malaysia Scores Another First With Inaugural Foreign Sukuk Listing By GE Capital
November 30, 2009--Bursa Malaysia today announced the inaugural foreign listing of USD500 million sukuk issued by GE Capital. The five-year Islamic bond is structured based on the globally accepted Shari'ah principle of Sukuk Al Ijara.
Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "The offering of sukuk by GE Capital is in line with our efforts to internationalise Bursa Malaysia as the Islamic investment centre. We are very excited to witness the first foreign sukuk listing on Bursa Malaysia and hope to see more foreign issuance of bonds or sukuk listed here in the near future."
Bursa Malaysia registered its first sukuk listings by Petronas and Cagamas in August this year.
Malaysia is known to be the world's largest sukuk issuance centre where more than 60% of sukuk outstanding globally are originated here. It hosts the world's largest sukuk market at an estimated USD66 billion as at end of June 2009, and remains a key driver of growth for the Malaysian Islamic market.
Source: Bursa Malaysia
Changes in Handling of Stock Prices Used for Indices and Revise the start time of index calculation
November 30, 2009-Changes will be made to the handling of stock prices used for indices in conjunction with amendments to the trading rules coinciding with the launch of arrowhead scheduled for January 4, 2010 and revise the start time of index calculation.
Contents of the changes and revisions are as follows.
1. Details of changes
(1) Changes in Handling of Stock Prices Used for Indices
The following changes will be made to the handling of stock prices used for indices in conjunction with amendments to the trading rules coinciding with the launch of arrowhead scheduled for January 4, 2010.
Before changes:
(1) Special indicative price
(2) Contract price
(3) Base price for index calculations as obtained by the priorities shown below
a. Ex-rights theoretical price
b. The latest special indicative price up to the preceding day
c. The latest contract price up to the preceding day Any stock subject to a trading halt is included at the last price before the halt.
After changes:
(1) Special indicative price or sequential trade quote
(2) Contract price
(3) Base price for index calculations as obtained by the priorities shown below
a. Ex-rights theoretical price
b. The latest special indicative price or sequential trade quoteup to the preceding day
c. The latest contract price up to the preceding day
For more details of revisions to trading rules at the time of launching "arrowhead"
Source: Tokyo Stock Exchange
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