Revamped CPSE ETF by October; EPFO, NPS to park fund
May 21, 2015-The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.
Another tranche of CPSE ETF would help the government inch towards its Rs 69,500 crore disinvestment target in the current fiscal.
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Source: The Economic Times of India
China hit by record capital outflows
May 20, 2015--Capital is draining of China at a record speed, stimulating concerns regarding monetary security and also complexing initiatives by the
reserve bank to sustain a slowing down economic climate with reduced rate of interest.
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Source: FT.com
Basanese's Market Insights: The RBA's twin dilemmas...
May 19, 2015-Bassanese's Market Insights: The RBA's twin dilemmas The rise and rise in Sydney house prices is causing much consternation in official circles. Ideally, the Reserve Bank of Australia would prefer house prices in our major city to be less frothy, as it would reduce the risk of a major house price crash later.
That said, the RBA faces two dilemmas in trying to stem the property price rise, which suggest it is likely to retain an easing policy bias – and will still likely cut interest rates further this year. - See more at: http://www.betasharesblog.com.au/rba_twin_dilemmas/#sthash.3rOFBObA.dpuf
Source: BetaShares
Emerging Markets: Narendra Modi, India's Super-Salesman
May 19, 2015--
It was a year ago that I landed in Delhi and was greeted by the headline in the Hindustan Times at my hotel, "Hunkaar Tally BJP 282 Congress 44," For me and a lot of my friends, it was a time to rejoice.
Now a year later, the initial joy has worn off and a sense of reality has returned.
On this first anniversary, I want to talk about why certain sectors of the Indian economy are doing phenomenally well, while others are laggards.
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Source: Peter Kohli of DMS for Nasdaq.com
CSRC clarifies beneficial ownership rules on Connect
May 19, 2015--Regulator sets out beneficial ownership situation for Stock Connect's foreign investors, months after the trading link went live.
The move could pave the way for the launch of Shenzhen Connect.
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Source: Asian Investor
To get EPFO funds listed firms need at least Rs 5,000 crore m-cap
May 18, 2015--To get EPFO funds, listed companies would need to have a minimum market capitalization of Rs 5,000 crore, even as the retirement fund body will invest only the exchange traded funds (ETF) in the current financial year.
According to the new investment pattern notified for investing incremental deposits of EPFO, investment would be in "shares of body corporates listed on Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) which have market capitalization of not less than Rs 5,000 crore as on the date of investment".
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Source: The Times of India
India confident of overtaking China's growth rate
May 17, 2015--India is on track to overtake China's growth with annual expansion of more than 8 per cent, says the country's finance minister.
The Delhi government is starting its second year in power by accelerating plans for economic reform and pledging to resolve tax disputes with investors.
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Source: FT.com
Start of Calculation of JPX-Nikkei 400 CHF Hedged Index
May 15, 2015--A new currency will be added to the JPX-Nikkei 400 Currency Hedged Index lineup as follows.
1.Outline
Name: 1.JPX-Nikkei 400 Net Total Return CHF Hedged Index
2.JPX-Nikkei 400 Net Total Return Daily CHF Hedged Index
Calculation Method Please refer to "JPX-Nikkei 400 Currency Hedged Index Guidebook".
JPX-Nikkei Index 400
Start of Calculation May 25, 2015
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Source: jpx.com
China's Yuan May Draw $1 Trillion on Getting IMF Reserve Status
May 15, 2015--At least $1 trillion of global reserves will switch into Chinese assets if the International Monetary Fund endorses the yuan as a reserve currency this year, according to Standard Chartered Plc and AXA Investment Managers.
People's Bank of China officials have called for the IMF to include the yuan in its reserve basket--which consists of the dollar, euro, pound and yen--in a review later this year.
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Source: Bloomberg
CSOP launches Hong Kong's debut ChiNext ETF
May 15, 2015--CSOP Asset Management has launched the first ChiNext ETF in Hong Kong amid the recent strong rally in mainland Chinese small-cap stocks.
The ETF tracks an index which covers the largest 100 stocks listed on ChiNext, the Nasdaq-style board of the Shenzhen Stock Exchange (SSE). In terms of market access, CSOP will use its RQFII quota to tap the constituent stocks for portfolio construction.
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Source: Asia Asset Management
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