BlackRock to Start Using Shanghai-Hong Kong Exchange Link
June 29, 2015--BlackRock Inc., the world's largest money manager, plans to start using the Shanghai-Hong Kong exchange link, endorsing a program that has so far been slow to lure international investors.
The firm's Hong Kong-domiciled China A-Shares Fund plans to invest part of an initial $60 million via the connect after a round of successful tests, said Marc Desmidt, BlackRock's head of strategic product management for Asia Pacific.
view more
Source: Bloomberg
Orc Group AB: Shanghai ShenYi Investment Co. deploys Orc to enhance options trading capability in China
June 29, 2015--Orc, the global market leader in electronic trading technology for listed derivatives, today announced that Shanghai ShenYi Investment Co. (ShenYi) has implemented Orc's Trading Bricks solution to improve trade efficiency for ETF options trading on Shanghai Stock Exchange (SSE).
ShenYi is also participating in the mock trading competition organized by China Financial Futures Exchange (CFFEX) as the market prepares for the launch of CSI300 index options.
view more
Source: Orc Group AB
New Listings of 13 Domestic Strategic and Sector ETNs
June 29, 2015--Outline of Listing
Korea Exchange (KRX) plans to list a domestic strategic ETN* issued by Hyundai Securities and 12 domestic sector ETNs** issued by NH Investment & Securities in
the KOSPI market on Jun 25, 2015.
*able Monthly Best 11 ETN
**octo Energy TOP5 ETN and 11 other ETNs
'able Monthly Best 11 ETN' is a strategic product that makes an investment in the top 11 stocks which performed the outstanding rates of return in the previous month
through regular monthly change from among large capital stocks in KOSPI market.
view more
Source: Korea Exchange (KRX)
KRX lists 4 ETFs including ARIRANG Smart Beta issued by Hanhwa
June 29, 2015--1. Overview
The Korea Exchange (KRX) will list ARIRANG Smart Beta series (Value, Momentum and Quality) ETF and ARIRANG S&P Dividend Growth ETF issued by Hanhwa Asset Management Company in the KOSPI market on June 29, 2015.
Smart Beta Series ETF
It is an ETF product which tracks the Wisefn's WISE Smart Beta index optimized for the domestic market and designed to obtain stable excess return compared to the rate of
market return.
S&P Dividend Growth ETF
It is an ETF product which is designed to seek long-term capital gain and dividend income at the same time, using S&P KOREA Dividend Opportunity index.
view more
Source: Korea Exchange (KRX)
Market Capitalization of KOSDAQ Exceeded KRW 200 Trillion for
June 29, 2015--The KOSDAQ Index has reached at the highest level 739.82p in seven and half years on June 23, 2015.
Previous the index record: 751.57p (Dec. 6, 2007)
Major breakthroughs of the index: around 710 » 714.52p (Apr. 21, 2015),around 720 » 722.51p (June 9, 2015
view more
Source: KRX Korea Exchange
People's Bank of China Cuts Interest Rates
Central bank also cuts reserve requirements for agricultural and small business lending
June 27, 2015--After more than a week of a brutal selloff in Chinese stocks, the country's central bank on Saturday took a rare easing step, cutting both its benchmark interest rates and the amount of reserves certain banks are required to hold.
In a statement, the People's Bank of China said both steps were aimed at lowering borrowing costs and "stabilizing growth" in the world's second-largest economy.
view more
Source: Wall Street Journal
Van Eck lists first A-shares ETF
June 25, 2015--Van Eck Global launched Australia's first exchange traded fund (ETF) that gives investors direct exposure to the Chinese A-share market.
The Market Vectors China ETF (CETF) tracks China's CSI 300 Index which represents the largest and most liquid shares listed on the two stock exchanges in China's mainland, Shanghai and Shenzhen
view more
Source: Financial Standard
Private PF trusts allowed to invest in stock market
June 25, 2015--Private provident fund trusts, which manage their workers' PF as well as accounts, have been allowed to invest up to 15 per cent of their incremental deposits in equity or equity-related investments.
In April, the Labour Ministry had allowed retirement fund body EPFO to park a portion of its funds in stock markets.
view more
Source: The Hindu Business Line
Singapore regulator gets tough with SGX
June 24, 2015--The Singapore Exchange has been heavily criticised for its communications with market participants over a technical outage last year,
with its main regulator ruling that it cannot increase customer fees until S$20m of technology improvements are implemented.
view more
Source: FT.com
BetaShares Using ETFs to generate efficient after-tax outcomes
June 24, 2015--At this time of the year many investors and their advisers are focused on ensuring they implement the most tax efficient strategies in order to take advantage of any benefits or deductions before the end of the financial year.
This post details an important but often underappreciated benefit that exchange traded funds (ETFs) can offer investors-tax efficiency. Tax-efficiency is, perhaps, a less visible benefit for investors, as, in the Australian financial market, fund manager performance is more often assessed on pre-tax returns, meaning investors may not be fully appreciative of this ETF related benefit.
view more
Source: BetaShares