BOJ Becomes ETF Managers' Best Friend With Half the Market
May 11, 2015-- At a conference last month in Tokyo celebrating Japan's exchange-traded funds, the biggest buyer was nowhere to be seen.
"I think they registered, but I’m not sure if they’re attending" Kana Kawasaki, who works for the event organizer S&P Dow Jones Indices, said from the floor of the Imperial Hotel in the center of the city.
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Source: Bloomberg
Assets in ETFs/ETPs listed in Japan reached a new record high of 112 billion US dollars at the end of April according to ETFGI
May 11, 2015--Assets in ETFs/ETPs listed in Japan reached a new record high of 112 billion US dollars at the end of April, according to ETFGI's preliminary monthly ETF and ETP global insight report for April 2015.
Record levels of assets were reached at the end of April for ETFs/ETPs listed globally at US$2.998 trillion, in the United States at US$2.132 trillion, Europe at US$511 billion, Asia Pacific ex-Japan at US$125 billion, Japan at US$112 billion and Canada at US$69.9 billion.
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Source: ETFGI
China cuts interest rates for third time since November
Analysts fear Bank of China has been too slow in reacting to the cooling down of economic growth to 7%
May 10, 2015--China's central bank cut its benchmark interest rate on Sunday for the third time since November, as economic growth cooled to levels not seen since the global financial crisis.
The People's Bank of China lowered its benchmark lending rate by 25 basis points to 5.1%, and its one-year benchmark deposit rates by the same amount to 2.25%, adding that the cuts would be effective from 11 May. The central bank said that the move would support the healthy development of the economy.
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Source: The Guardian
IMF-Asia: Stabilizing and Outperforming Other Regions
May 6, 2015--Robust, stable outlook for Asia and Pacific, which remains global growth leader
Lower potential growth, with continuing risks from rising credit-related vulnerabilities
Policies should remain focused on boosting resilience
Growth in Asia and the Pacific will continue to outperform the rest of the world, and is expected to remain steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, according to the IMF's Regional Economic Outlook for Asia and the Pacific.
view the Regional Economic Outlook: Asia and Pacific
Stabilizing and Outperforming Other Regions
Source: IMF
FTSE Appoints New Director of Australia and New Zealand
May 5, 2015--Justin Walsh hired to lead FTSE's Australian index business
Reflects FTSE's ongoing commitment to the local market
FTSE Group ("FTSE", the global index provider, today announces that Justin Walsh has been appointed as Director of Australia and New Zealand.
The new hire builds on FTSE's existing regional presence, reinforcing its commitment to providing innovative indices to superannuation funds, asset managers and consultants.
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Source: FTSE
Bassanese's Market Insights: RBA still has easing bias
May 5, 2015--*The RBA cut official interest rates to the historic low of 2% today. As in February, the decision to cut rates came just after another relatively benign quarterly inflation report, and just before its next Quarterly Statement on Monetary Policy (due Friday)-which is likely to downgrade the economic growth outlook further.
Will the RBA cut again?
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Source: BetaShares
Citi Launches Unique Solution to Strengthen the SPSA Solution
May 5, 2015-As the leading provider of Stock Connect trading, clearing and settlement solution, Citi is pleased to announce the launch of Citi SPSA+ solution to enable true RVP/DVP settlements between investors and their brokers using the SPSA solution and minimize risk of fail trades.
Hong Kong Exchanges and Clearing (HKEx) recently launched the enhanced pre-trade checking model, also known as Special Segregated Accounts (SPSA) for the Shanghai-Hong Kong Stock Connect program.
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Source: Citi
Anil firm inks pact
April 24, 2015--Anil Ambani's Reliance Capital Asset Management Company (RCAM) today joined hands with Samsung Asset Management Company to manage, market and distribute each other's investment products in India and South Korea.
Samsung AMC, which manages assets worth over $165.8 billion and is part of Samsung Group, is also looking to explore opportunities in the exchange traded funds (ETF) market in India through this partnership.
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Source: The Telegraph
Taiwan, Japan to cross-list ETFs
May 3, 2015--Bourse operators in Taiwan and Japan will "soon" allow exchange traded funds to cross-list between the two markets, while also working together on a trading link,
says Yang Chao-jung, Taipei-based vice chairman at the Taiwan Stock Exchange.
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Source: FT.com
S. Korean firms' derivatives trading falls in 2014
April 30, 3025--South Korean financial companies' derivatives trading fell 16.3 percent in 2014 from a year earlier due to a protracted market slump, the financial watchdog said Thursday.
The combined trading volume of derivatives such as stock options and futures reached 43,649 trillion won (US$40.6 trillion) last year, compared with 52,145 trillion won tallied a year earlier, according to the Financial Supervisory Service (FSS).
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Source: YonHap News