Ten UBS ETFs listed on Tokyo Stock Exchange by UBS Group-First ETFs on the exchange to track indices across Europe
March 18, 2015--The Tokyo Stock Exchange, Inc. (TSE) and UBS Group today announced the listings of 10 new UBS Exchange Traded Funds (ETFs). The funds are the first TSE-listed ETFs to track indices across Europe.
The listings bring the total number of ETFs and ETNs listed on the TSE to 207.
The TSE features a wide range of ETFs and ETNs, having evolved from a largely Japanese equity-centric offering at launch to a highly diversified investment lineup now. Investors are able to tap instruments backed by foreign stocks, foreign bonds, REITs, commodities, leveraged/inverse indices, and other assets.
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Source: Tokyo Stock Exchange
BetaShares-Bassanese's Market Insights: $A now close to fair value, but likely to fall further
March 17, 2015--Following the Reserve Bank of Australia's decision to cut interest rates last month, ongoing weakness in commodity prices, and heightened expectations that the United States Federal Reserve will raise interest rates within coming months, it's no surprise the Australian dollar has taken a tumble of late.
Indeed, after a slight firming trend following the February RBA rate cut, the $A has declined by around 3.6% in recent weeks to reach US76c. The trade weighted index exchange rate (TWI)[1] has declined by a somewhat smaller 2% over the same period.
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Source: BetaShares
Despite Rising Risks Emerging East Asia Bond Markets Appear Healthy-ADB
March 17, 2015-Widening credit spreads, a stronger United States (US) dollar, Greece's debt crisis, and plunging oil prices are growing risks to local currency bonds in emerging East Asia, the Asian Development Bank's (ADB) latest Asia Bond Monitor shows.
"While the US Federal Reserve is expected to start raising interest rates and the cost of servicing US dollar-denominated debt is increasing, central banks in several Asian economies are easing their monetary stance and the prices of local currency bonds are broadly holding up well." said ADB Chief Economist Shang-Jin Wei.
view the ASIA BOND MONITOR
March 2015
Source: Asian Development Bank (ADB)
Assets in ETFs/ETPs listed in Asia Pacific (ex-Japan) reached a new record high of 118 billion US dollars at the end of February 2015 according to ETFGI
March 17, 2015--Assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) reached a new record high of US$118 billion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
The Asia Pacific (ex-Japan) ETF/ETP industry had 609 ETFs/ETPs, with 744 listings, assets of US$118 Bn, from 108 providers listed on 17 exchanges in 13 countries at the end of February.
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Source: ETFGI
Assets in ETFs/ETPs listed in Japan reached a new record high of 102 billion US dollars at the end of February 2015 according to ETFGI
March 17, 2015--Assets invested in ETFs/ETPs listed in Japan reached a new record high of US$102 billion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
The Japanese ETF/ETP industry had 151 ETFs/ETPs, with 196 listings, from 19 providers on 2 exchanges at the end of February.
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Source: ETFGI
Australia sets out tax treatment for foreign investors
March 16, 2015--The Australian government has published the latest draft of legislation intended to offer clarity over foreign investors' taxation exemptions.
The move is expected to boost growth in the local fund management industry.
Australia's bid to become a major financial centre will get a boost from changes set to liberalise tax rules for non-resident investors...
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Source: Asian-Investor
Amundi to move into Asia's competitive ETF marketplace
March 16, 2015--The French asset manager will soon make its debut in Asia's ETF market, which its North Asia CEO acknowledges will be a challenge given rising numbers of providers in the popular passive sector.
Amundi is to move into the ETF market in Asia for the first time and is looking for a senior business development executive to spearhead sales.
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Source: Asian Investor
Shenzhen-Hong Kong stock connect could see muted response
March 15, 2015--High valuations and vague corporate governance standards look set to dampen foreign institutional investor interest in mainland shares
Foreign institutional investors may be apprehensive about picking up China's high-growth shares in the Shenzhen-Hong Kong stock trading scheme, given high valuations and vague corporate governance standards.
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Source: China Business
IMF Working Paper-Pressing the Indian Growth Accelerator: Policy Imperatives
March 11, 2015--Summary: India's real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the acceleration of investment in transport and infrastructure.
The immediate priority is to achieve the kind of fiscal quality and low inflation levels exhibited during 2003-08, with focused attention to increasing efficiency and compliance in tax revenue collection. Higher tax revenues can facilitate increases in public investment, which then crowd in private investment. The task ahead will be more difficult in view of the protracted slowdown in global growth and trade.
view the IMF Working paper-Pressing the Indian Growth Accelerator: Policy Imperatives
Source: IMF
China mulls granting broker license to banks
March 11, 2015--Chinese securities regulator's recent comments that it was looking into allowing commercial banks to apply for securities brokerage licenses indicate the further slackening of barriers for financial services.
Spokesperson with China Securities Regulatory Commission (CSRC) Zhang Xiaojun said during a routine press briefing on Friday that the commission is working to allow banks to apply to do broker business, though no timetable has been set.
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Source: xinhuanet.com