BetaShares Global Market Review: February 2015
March 5, 2015--Lower interest rates and better-than-feared resource sector earnings results helped push Australian equities up strongly last month. Indeed, Australian equities was the strongest
performing asset class in February, rising in price terms by 6.1%.
International equities, listed property and even commodities also fared well in February, in what was another good month for risk assets generally. Defensive cash and fixed income,
by contrast, produced only muted returns. The $A was broadly flat over the month.
Over the past year, the strongest performing asset class is now international equities, followed by listed property. The worst performing asset class remains commodities.
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Source: BetaShares
Humans Lose Out as Robots Take Tokyo Stock Exchange
March 4, 2015--Yuji Honkawa knew the humans were losing by April 2010, when no matter how fast he sent orders to be filled at the Tokyo Stock Exchange, a machine beat him.
Unemployed now after 20 years dealing equities at seven different brokerages, the 47-year-old Honkawa watched as the market sped up and automated traders went from generating 10 percent of orders at the start of 2010 to as much as 72 percent last year
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Source: Bloomberg
China Sets 2015 GDP Target At "About 7%', Announces Raft Of Proposals To Support Economy
March 4, 2015--China has lowered its economic growth forecast to "about 7 percent" in 2015 at the opening of its annual meeting of parliament, the National People's Congress-the nation's biggest yearly political event-which started on Thursday and generally lasts about 10 days.
Chinese Premier Li Keqiang said on Thursday that China will set its official 2015 economic growth target, or gross domestic product (GDP), at "about 7 percent", China’s state-run Xinhua news agency reports.
China's GDP target of 7 percent for 2015 is the lowest growth target in over 15 years, according to Bloomberg.
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Source: emergingequity.org
IMF Malaysia: Selected Issues Paper
March 3, 2015--A. Introduction-
1. Introduction
This paper examines the implications of lower crude
oil prices on Malaysia's economy. Although Malaysia's net oil exports are
now very small as a share of GDP (0.1 percent in 2013), its gas exports are sizeable (over 6 percent
of GDP with gas export prices are linked to crude oil prices through long term contracts.
The net effect on the macroeconomy of the decline in oil prices is not clear-cut a priori: Malaysia has an
important hydrocarbons exploration, extraction, and processing sector but its economy has diversified, with manufacturing and services no
w accounting for more than 80 percent of output.
view the IMF Malaysia: Selected Issues Paper
Source: IMF
BetaShares Weekly-ETF Liquidity, will it be there when I need it?...
March 3, 2015--One of the many benefits of ETFs for investors is their tradability. Unlike traditional funds, ETFs can be bought and sold at any time through the Australian Securities Exchange just like an ordinary share.
But since ETFs trade like shares, investors may mistakenly attempt to evaluate their liquidity in the same way they might for shares. This gives rise to one of the most common misunderstandings about ETFs, namely, that an ETF’s 'on-screen' volume equates to ETF liquidity. For most ETFs, nothing could be further from the truth
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Source: BetaShares
S&P Dow Jones Indices-India Index Dashboard
March 2, 2015--Before the weekend, February looked to be an indifferent month for the Indian markets and when PM Narendra Modi's highly anticipated first budget arrived on Saturday, an extra trading session gave Indian investors the chance to share their verdict.
The traders judged the budget to be business friendly, adding 141 points to the S&P BSE SENSEX to make it 0.6% for the month.
Growth companies had a good month, although not if they were new joiners to the party. The S&P BSE IPO index of recently listed companies lost 5.2% in February while-top of our strategy charts this month-the S&P India LargeCap Growth extended its year-to-date lead with a rise of 2.9%.
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Source: S&P Dow Jones Indices
China Short Sellers Shun Stock Link With Zero Trade on Debut
March 1, 2015--Hong Kong's stock exchange says its new platform for bearish bets through the city's bourse link with Shanghai is running smoothly.
There's just one thing missing: short sellers.
Traders executed zero short sales, or wagers that shares will decline, as the bourse allowed such bets through the connect for the first time on Monday.
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Source: Bloomberg
S&P Dow Jones Indices-Asia Pacific Index Dashboard
February 27, 2015--The global equity markets welcomed in the Chinese New Year in a positive mood; Asian equities were invited to the party and the S&P Pan Asia BMI celebrated with a gain of 3.9% for the month.
The commodity markets seemed to find a bottom in February - the S&P GSCI recorded its first gain in seven months -and Materials was the best performing S&P Pan Asia sector.
Each one of our regional equity indices gained, with Japan and Australia leading the pack. The Indian markets lagged; the S&P BSE SENSEX is currently showing an indifferent 0.1% gain, but an extra day's trading over the weekend will allow for reaction to Prime Minister Narendra Modi's much anticipated first budget (and a final verdict on the month).
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Source: S&P Dow Jones Indices
10 New ETFs to be Listed on March 18, 2015 (Wed.)-UBS Group, "UBS ETF" Series (First Installment)-
February 27, 2015--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of ten new ETFs managed by UBS Fund Management (Luxembourg) S.A. These ten issues use the JDR scheme and will be listed on Wednesday, March 18, 2015.
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Source: Tokyo Stock Exchange
ETN Market Performance In Its First 100 Trading Days
February 27, 2015--The ETN market, which opened on November 17, 2014 and marked the 100th trading day on February 24, 2015, has shown a consistent rise in trading value and outperformed the market in terms of yield.
(1) Trading In February 2015 (as of Feb.24; The same hereinafter), the average daily trading value reached KRW 840 million, which is 8 times the amount recorded 100 days earlier.
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Source: KRX (Korea Stock Exchange)