BIS-Working paper-Prolonged reserves accumulation, credit booms, asset prices and monetary policy in Asia
April 30, 2015--This paper examines past evidence of prolonged periods of foreign exchange reserves accumulation in the Asia-Pacific region.
One empirical challenge is to identify periods of reserve accumulation that are sufficiently large and persistent to be categorised as prolonged. Several proxies for prolonged episodes are considered, including a newly proposed one based on a factor model.
Easier Access to Simpler Funds for Retail Investors
April 29, 2015--From today, retail investors can expect easier access to a wider range of investment funds, including exchange-traded funds (ETFs)1.
This enhancement is part of the Monetary Authority of Singapore's (MAS) broader effort to expand the range of simple, low-cost investment options available to retail investors.
Previously, all investment funds which used derivatives were classified as Specified Investment Products (SIPs). SIPs are more complex products and can only be sold to retail investors with enhanced safeguards, including an assessment of these investors' investment knowledge or experience.
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Source: MAS
BetaShares-Thoughts on the Active vs. Passive Debate
April 29, 2015--With the strong growth in index funds and exchange traded funds (ETFs) in the Australian marketplace in recent years, debate is again swirling on the benefits of active vs. passive investment management.
Some commentators have suggested that index-oriented investments are merely for "dumb" investors, who have no real skills in picking mispriced securities likely to outperm the market. If this were to be true, it would follow that these investors are leaving money on the table as by either investing in the development of these skills-or hiring talented active managers – they could produce better returns. It has been suggested that over the very long run, "sensible investing" in "quality" stocks "will beat an index". How true is this?
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Source: BetaShares
8 Securities Launches Asia's First Robo-investing Service
April 29, 2015--Leading online investment solution 8 Securities announced the launch of Asia's very first robo-investing service 8 Now!.
8 Now! is a simple way for anybody to create and automate a professionally designed global portfolio at a fraction of the cost of banks and investment advisors.
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Source: 8 Securities
TOPIX Approved by Taiwan Stock Exchange for Listing of TOPIX ETFs in Taiwan
April 28, 2015--Japan Exchange Group, Inc. (JPX) is pleased to announce that, today, TOPIX has been approved as an underlying index for ETFs by Taiwan Stock Exchange Corporation (TWSE).
The approval follows an asset management company's submission to TWSE for examining the eligibility of TOPIX as an underlying index for ETFs. TOPIX ETF will be listed on the TWSE market when the product is approved by the Taiwanese authorities and TWSE.
JPX has worked together with TWSE toward cross listing ETFs and mutually promoting each other's markets. We welcome this positive development toward listing TOPIX ETFs on overseas markets and will continue to work together with TWSE and to promote the products.
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Source: Japan Exchange Group
First multi-currency Bitcoin exchange launched in Australia
Independent Reserve to offer Bitcoin trading directly in both U.S. and Australian dollars
April 28, 2015--Independent Reserve, the Bitcoin market, has announced that it has become the first Australian exchange to offer Bitcoin trading directly in both U.S. and Australian dollars.
CEO Adrian Przelozny said the development would allow Australians to trade Bitcoin without facing the currency risks of converting to USD.
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Source: Automated Trader
CLS--backed EIP to launch active ETFs in Hong Kong
April 27, 2015--Hong Kong-based Enhanced Investment Products, which sold in September last year a 49 per cent stake in its exchange traded fund business to CLSA Hong Kong, is hoping to launch in the territory actively managed ETFs that will draw on CLSA's research and proprietary benchmarks,
according to Tobias Bland, the ETF issuer's Hong Kong-based chief executive.
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Source: FT.com
World Bank-India development update: towards a higher growth path
April 27, 2015--The India Development Update for April 2015 has two main aims. First, it reports on the key developments over the past six months in India's economy, and places these in a longer term and global context.
Based on these developments and on policy changes over the period, it updates the outlook for India's economy and social welfare. Second, the update provides a more in-depth examination of selected economic and policy issues, and analysis of medium-term development challenges.
view the India development update: towards a higher growth path
Source: World Bank
Edelweiss MF launches Exchange Traded Scheme-Nifty
April 25, 2015--Edelweiss Mutual Fund launches Edelweiss Exchange Traded Scheme-Nifty (Nifty EES), an open exchange traded fund that aims to provide returns before expenses that closely correspond to the total returns of the CNX Nifty subject to tracking errors.
The new fund offer (NFO) will be open for subscription from April 24 to May 05, 2015.The new fund offer price for the scheme is Rs 10 per unit.
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Source: moneycontrol.com
New ETFs Included in Real-Time Dissemination of "TSE Indicative NAV"
April 24, 2015--Tokyo Stock Exchange, Inc. (TSE) will newly calculate and publish the real-time Indicative Net Asset Value (Indicative NAV) per share for the below Exchange Traded Funds (ETFs) through the FLEX standard service on June 1, 2015.
1. Additions
Code: 1369
ETF: DIAM ETF Nikkei225 (*)
Fund Administrator DIAM Asset Management
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Source: Japan Exchange Group