Magellan launches global fund on ASX
February 26, 2015--Magellan has launched an ASX-quoted version of its Magellan Global Fund, joining six other 'managed fund' products the ASX has admitted.
Speaking to InvestorDaily, ASX senior manager for funds and investment products, Marcus Christoe, said the new product would be admitted as a 'traded' or 'quoted' managed fund on the AQUA platform on 5 March 2015
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Source: Investordaily.com
BetaShares-Bassanese's Market Insights: The benefits of currency investing through ETFs:
February 26, 2015--The much hoped-for "green shoots" arising from post-GFC economic stimulus are blossoming in key markets, and present some attractive opportunities for Australian investors.
The US economy, in particular, is expected to continue to improve. According to the latest forecasts from the International Monetary Fund, the US economy will grow by an above-trend 3.6% this year, before slowing to a still robust 3.3% pace in 2016. Accordingly, as we have previously noted, the United States Federal Reserve is also inching closer to raising interest rates for the first time since the global financial crisis.
Especially for risk conscious investors, currencies are a direct way to benefit from improvements in other countries or regions without taking on equity market risk. That's because currency movements are generally less volatile than movements in equity markets. - See more at:
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Source: BetaShares
Yuanta to list Taiwan's first commodity ETF
February 25, 2015--After a six-month delay the firm will list Taiwan's first gold-focused exchange-traded fund in early April,
taking advantage of the regulator's liberalisation of rules. Another is to follow.
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Source: Asian Investor
Singapore Exchange CEO Who Failed to Acquire ASX Steps Down
February 24, 2015--Magnus Bocker, the Singapore Exchange Ltd. chief executive officer who underperformed his peers after failing to take over Australia's stock market, is stepping down.
Bocker, whose contract expires in June, won't seek an extension, according to a statement. The company's shares have risen 4.6 percent since Bocker became CEO in December 2009, while Singapore's benchmark Straits Times Index has rallied 26 percent.
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Source: Bloomberg
Shanghai-HK stock connect to allow short-selling
February 23, 2015--Foreign investors will from next week be able to short sell select mainland Chinese shares via the Hong Kong-Shanghai trading link, the latest in a series of regulatory moves to open China's markets to overseas capital.
The eligible shares are equivalent to nearly three-quarters of mainland stocks listed under the Stock Connect trading scheme, the Hong Kong Exchanges and Clearing said in a statement.
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Source: CNBC
MNI Indicators: Lower Costs Boost Indian Business Sentiment in February
Input Prices Decline to Lowest on Record
February 22, 2015--The MNI India Business Sentiment Indicator rose 3.1% to 66.2 in February from 64.2 in January as the cheaper cost of raw materials helped to offset the recent weakening in demand.
The increase in confidence brought to a halt four monthly declines in the business indicator, leaving it close to the average seen over the past year. Confidence was boosted in the run up to the election of Prime Minister Modi last year but has subsequently eased as businesses have become increasingly disappointed with a lack of concrete reforms.
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Source: YAhoo Finance
Thailand Futures Exchange welcomes five new market makers for SET50 options and
January 21, 2015-Thailand Futures Exchange PCL (TFEX)' under the
Stock Exchange of Thailand (SET) group' welcomes five new market makers' which
are KGI Securities (Thailand) pcl' Ausiris Futures Co.' Ltd.' Phatra Securities pcl' Trinity Securities Co.' Ltd.' and Maybank Kim Eng Securities pcl to manage liquidity for SET50 Options' as well as collaborating with its members in organizing seminars to provide SET50 Options knowledge to various target groups' from beginners to professional investors every week in the first quarter of 2015.
TFEX also has introduced the "Options Wizard"' a new Settrade
internet-based trading program to support investors' decision-making' enabling
new investors to conveniently trade SET50 Options. This is in line with the
strategic plan to enhance SET50 Options.
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Source: Stock Exchange of Thailand (SET)
Sliced and diced loans take off in China
February 19, 2015--Call it déjà vu with Chinese characteristics: collateralised loan obligations, the sliced and diced loan bundles that helped tip the world into financial crisis in 2008, are surging in China.
While CLOs fell into disrepute in the US and Europe after the crisis, China is promoting issuance of asset-backed securities as a means of weaning investors away from riskier shadow bank products while also ensuring enough credit flows to the slowing economy.
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Source: FT.com
2 New ETNs to be Listed on Mar. 16, 2015 (Mon.)-Nomura Group, "NEXT NOTES" Series (Sixth Installment)
February 18, 2015--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following trust beneficiary certificates (Japanese Depositary Receipts) whose trust assets are exchange traded notes
(indicator-tracking securities) issued by Nomura Europe Finance N.V. (*). These will be listed on Monday, March 16, 2015.
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Source: TSE
MNI China Business Indicator: China Business Conditions Deteriorating At Record Pace
Firms Report Credit Tightening In Spite Of Recent Rate Cut
February 17, 2015--China's largest companies were as pessimistic about the outlook for business conditions in February as they were at the height of the global financial crisis, the latest MNI China Business Sentiment Survey showed.
The MNI China Business Indicator, a gauge of current business sentiment, fell for a second consecutive month to 52.8 in February from 53.7 in January, leaving confidence at the lowest level since October last year. A sharp fall in expectations for business conditions over the coming three months left the Future Expectations Indicator at the lowest level since the series began in March 2007.
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Source: China Money Network