IMF-India: Selected Issues Paper
March 11, 2015--Summary: The background papers for the 2015 Article IV explore key issues affecting the Indian economy, and implications for fiscal, monetary, financial sector and other structural policies.
The first chapter examines how surges in global financial market volatility (including those triggered by uncertainties about monetary policy normalization in advanced economies and/or geopolitical tensions) spill over to emerging market economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very strongly to key macroeconomic and financial variables of EMs, and the extent of its pass- through increases with the depth of external balance-sheet linkages between advanced countries and EMs.
view the IMF-India: Selected Issues Paper
Source: IMF
CORRECTED-China to allow local govts to swap 1 trln yuan of expensive debt
March 10, 2015--China will let local governments convert up to 1 trillion yuan ($160 billion) in debt to lower interest bonds as it seeks ways to ease their massive debt burden without crippling the broader economy.
Beijing is struggling to rein in local government debt, estimated around $3 trillion. Local governments rushed to finance infrastructure and real estate projects, especially after the 2008/09 global financial crisis, in efforts to stimulate economic growth.
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Source: Reuters
Low Inflation Helps Boost India Consumer Sentiment
Inflation Expectations Close to the Lowest in the Series' History
The MNI India Consumer Sentiment Indicator rose to 121.2 in February from 120.4 in January.
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Source: Yahoo finance
BetaShares Australian ETF Review: February 2015
March 10, 2014--For the first time in its history, the Australian exchange traded fund industry increased in size by $1 billion in a single month, reaching a new record high of $16.8 billion in funds under management (FUM). February 2015 are detailed below:
Highlights of the BetaShares Australian ETF Review-
Market Cap ASX Exchange Traded Funds Market Cap: $16.8B
New record high Market cap growth for month: +6.6%, +$1,055.4m
Record monthly FuM growth Market cap growth for last twelve months: 60.8%, +$6.4B
New money New unit growth for month (units outstanding by number): 2.2% Net new money (units outstanding by $ value): +$279.9m
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Source: BetaShares
New ETFs and ETNs Included in Real-Time Dissemination of "TSE Indicative NAV"
March 9, 2015--Tokyo Stock Exchange, Inc. (TSE) will newly calculate and publish the real-time Indicative Net Asset Value (Indicative NAV) per share for the
2 Exchange Traded Funds (ETFs) through the FLEX standard service on April 13, 2015.
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Source: TSE (Tokyo Stock Exchange)
SGX deepens presence in Greater China
March 9, 2015--Singapore Exchange (SGX) today opened its new Hong Kong office, which is registered as Singapore Exchange Derivatives Trading Limited (SGX-DT).
Mr. Chew Sutat, Executive Vice President of SGX, hosted the office opening and reiterated SGX’s continued focus and commitment to its operations in Greater China.
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Source: Singapore Exchange (SGX)
Japan's Emergence From Recession Weaker Than First Thought
March 8, 2015--Japan's emergence from recession was weaker than first estimated as companies unexpectedly cut investment and drew down their inventories, offsetting a pickup in consumer spending.
Gross domestic product expanded an annualized 1.5 percent in the three months through December from the previous quarter, less than a preliminary 2.2 percent, revised government data show.
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Source: Bloomberg
TSE ETF/ETN Monthly Report for Feb 2015
March 6, 2015--Oil ETFs and ETNs Surge Ahead
In February 2015, trading in the ETF/ETN market continued near record highs, with monthly trading value of approximately JPY 3.6 trillion and daily average trading value of about JPY 189 billion.
NEXT NOTES Nikkei-TOCOM Leveraged Crude Oil ETN (2038) grew in trading value and climbed from 15th to 8th overall. Other ETFs and ETNs tracking oil sector indices also saw significant gains.
Trading in NEXT FUNDS TOPIX-17 BANKS ETF (1631) and other ETFs tracking the banking sector also saw significant gains.
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Source: TSE (Tokyo STock Exchange)
Tokyo Stock Exchange: 2 New ETFs To Be Listed On Mar. 25, 2015(Wed.) -Sumitomo Mitsui Asset Management- "SMAM NIKKEI225 ETF" & "SMAM REIT Index ETF"
March 6, 2015--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of two new ETFs managed by "Sumitomo Mitsui Asset Management Company, Limited".
These ETFs will be listed on Wednesday, March 25, 2015.
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Source: TSE ( Tokyo Stock Exchange)
China to trial Shenzhen-HK Stock Connect
March 5, 2015--China will link its stock exchange in the southern Chinese city Shenzhen with Hong Kong "at an appropriate time" this year, according to the government work report delivered by Premier Li Keqiang Thursday.
The official confirmation of the project came less than four months after China kicked off its landmark Shanghai-Hong Kong Stock Connect in November, allowing investors at the two bourses to trade stocks listed on the other in a bid to spur reform of China's stock market and realign it to international norms.
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Source: xinhuanet.com