Market Vectors Index Solutions Licenses Australia Small-Cap Dividend Payers Index to Underlie ETF
Market Vectors Index Solutions Licenses Australia Small-Cap Dividend Payers Index to Underlie ETF
ASX-listed ETF begins tracking the index today
May 28, 2015--Market Vectors Index Solutions GmbH(MVIS) today announced the licensing of the Market Vectors Australia Small-Cap Dividend Payers Index (AUD) to Market Vectors Australia, the Australian exchange-traded fund (ETF) branch of Van Eck Global, a leading provider of exchange-traded products in the US and globally.
As of today, the index will serve as the underlying for an ETF listed on the Australian Securities Exchange (ASX).
view more
Source: Reuters
China to Ease Limits on Overseas Investments
Beijing advances goal to make yuan a reserve currency with plan to ease capital controls
May 28, 2015--China's campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold, as the government plans to make it easier for individuals and companies to invest overseas.
The latest initiative, expected to be announced in the next few weeks by the State Council, China's cabinet, will allow individual Chinese and businesses to directly purchase stocks, bonds and real estate..
view more
Source: Wall Street Journal
China stocks plunge 6.5% after sovereign fund cuts stakes in banks
May 28, 2015--Chinese stocks fall the most in four months on Thursday, as a selloff swept the financial sector after a unit of China's sovereign-wealth fund cut its stakes in state-owned banks for the first time.
The Shanghai Composite Index sank 6.5% to 4.620.27, pulling back from a seven-year closing high after a seven-day bull run.
Ullink expands global reach to India, Kotak Institutional Equities selects Ullink
May 27, 2015--Ullink, a global provider of market leading electronic trading and connectivity solutions, today announced that Kotak Institutional Equities (KIE), one of India's leading institutional brokers and a division of Kotak Securities has chosen Ullink's UL Bridge connectivity solution.
view more
Source: Ullink
MNI Indian Business Confidence Falls to Pre-Modi Level
Production Lowest Since July 2013
May 27, 2015--Sentiment towards the current business environment
and expectations for the future are now both back to pre-Modi levels in a blow to the government as it completes its first year in office.
The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE listed companies, fell by 2.5% to 62.3 in May from 63.9 in April.
The fall in business sentiment left it at the lowest level since April 2014 and in hand with declines in output and orders points to a significant deterioration in business activity.
view more
Source: MNI
China PBOC Says Growth To Stay In Reasonable Range; Low Prices
May 27, 2015--The People's Bank of China said Wednesday that China's growth will stay within a "reasonable range" despite increasing downward pressure on the economy.
The central bank said in its annual report for 2014 that price expectations are unstable with prices likely to remain at low levels.
But it said China can maintain around 7% GDP growth, ensuring stable employment thanks to contributions from the services sector and small businesses in creating jobs.
view more
Source: MNI
ANZ make ETF play via joint venture
May 27, 2015--ANZ has become the first bank to move into the provision of exchange traded funds (ETF) and has set up a joint venture company to initially offer six ETF products via the Australian Securities Exchange (ASX).
The new company, ANZ ETFS Management (ANZ ETFS), has been formed after the bank teamed with London based exchange traded product provider ETF Securities and will be staffed by executives from both organisations.
view more
Source: moneymanagement.com.au
IMF Working paper-China's Growth: Can Goldilocks Outgrow Bears?
May 27, 2015--Summary: The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects.
The analysis shows that financial cycles play a more important role than traditional inflation-based cycles in shaping the dynamics of growth. Currently, the 'finance-neutral' gap-our measure of the financial cycle-is large and positive, reflecting imbalances accumulated in the economy since the Global Financial Crisis. A period of slower growth is therefore both likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves closer to the technology frontier, but a steadfast implementation of reforms can ensure that China follows the path of the "Asia Tigers" and achieves successful convergence to high-income status.
view the IMF Working paper-China's Growth: Can Goldilocks Outgrow Bears?
Source: IMF
CSDC, SZSE and HKMA Collaborate to Provide Infrastructure Services for Mutual Recognition to Cross-border Funds
May 27, 2015--China Securities Regulatory Commission and Hong Kong Securities and Futures Commission jointly announced on May 22 that the Mutual Recognition to Cross-border Funds (hereinafter referred to as "the Mutual Recognition") will be put into implementation on July 1, 2015.
Due to the large number of institutions involved in the Mutual Recognition and the open system and difficulties in operation and supervision, China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as "CSDC"), Shenzhen Stock Exchange (hereinafter referred to as "SZSE") and Hong Kong Monetary Authority (hereinafter referred to as "HKMA") have decided to realize the interconnection and interworking between two markets via platform connectivity.
view more
Source: Shenzhen Stock Exchange
BetaShares launches first NASDAQ ETF in Australia
May 27, 2015--BetaShares is pleased to announce the launch of our newest product and Australia's first ETF to track the NASDAQ-100 Index-BetaShares NASDAQ 100 ETF (ASX: NDQ).
NDQ provides Australian investors with a simple and cost effective way to access some of the world's most revolutionary companies.
view more
Source: BetaShares
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.