NZX looks at conflict after buy
Sharemarket regulator reviews structure in light of SuperLife's active investments
February 2, 2015--Sharemarket operator NZX is reviewing its governance structures to ensure conflicts of interest-or the perception they exist-do not arise from growth in the company's funds management business.
The Wellington-based firm last month announced the completion of its up to $35 million acquisition of New Zealand fund manager SuperLife, which it says will help transform its Smartshares division into the country's leading passive funds manager and provider of exchange traded funds (ETFs).
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Source: The New Zealand Herald
S&P Dow Jones Indices-India Index Dashboard
January 30, 2015--After a superb 2014, the New Year began with further strong performances from Indian equities. The S&P SENSEX index of blue-chip equities rose by 6% to finish the month at 29,183.
The Indian Rupee strengthened against the U.S. Dollar in January, as the Reserve Bank of India (RBI) cut repo rate by 25 basis points to 7.75% from 8%, ahead of its February 3, 2015 policy review meeting. The RBI affirmed that inflation has fallen significantly below its target of 8%.
Among BSE SENSEX sectors, Realty proved the clear winner, gaining by over 16%, while Metal proved the laggard and the only sector to post a loss for the month. Oil and Gas came second from the bottom, reflecting the poor performance of commodities-including industrial metals and energy – that has continued into the New Year.
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Source: S&P Dow Jones Indices
S&P Dow Jones Indices-Asia Pacific Index Dashboard
January 30, 2015--There was a bright start for the Asian equity markets in 2015 as the S&P Pan Asia BMI posted a gain of 1.9%.
The majority of regional indices finished in positive territory with Australia, Hong Kong, Thailand, India, India and the Philippines each recording gains above 3% for the month.
The major exception to the rule was China, where the S&P CITIC index of A-Shares fell by 7.5%. China reported its slowest pace of GDP growth in more than two decades (i.e. since 1990), recording year-on-year figures of 7.4% in December 2014.
Japan's S&P TOPIX 150 registered a small gain of 0.2%. A weakening Yen (currently 117.6 to the U.S. Dollar) has boosted exports.
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Source: S&P Dow Jones Indices
Market Capitalization and KOSDAQ Index Hit a Record High
January 30, 2015--The market capitalization of the KOSDAQ set a new record of KRW 157.4 trillion on
January 28, 2015, an increase of KRW 14.3 trillion (up 10%) from that of 2014.
With a sharp rise of the KOSDAQ index recording the highest level in six years and seven months, the
market capitalization has also expanded since the beginning of 2015.
In addition, an increment in the market capitalization of the KOSDAQ in January was the highest ever reached since the opening of the KOSDAQ. In detail, the market capitalization grew KRW 14.3 trillion during the period from January 2nd to January 28, 2015. This marks the biggest monthly increase followed by KRW 13.4 trillion posted in November 2005.
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Source: KRX Korea Exchange
ChinaAMC Licenses MSCI China A Index for New China A Shares ETF
January 29, 2015--MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, has licensed the MSCI China A Index to China Asset Management Co., Limited (ChinaAMC) for a new ETF, the ChinaAMC MSCI China A ETF, to be listed on the Shanghai Stock Exchange in March.
With over USD 50 billion in assets under management1, ChinaAMC is one of the largest asset managers in Mainland China, and launched the first ever ETF there in 2005. The ChinaAMC MSCI China A ETF is the first ETF to be listed in Mainland China that tracks a China A index from an international index provider.
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Source: MSCI
FTSE RAFI Index selected for first Australian ETF based on US fundamental factors
January 29, 2015--Index weighted by the fundamental factors of a company rather than market capitalisation
Top 1,000 US stocks measured by these factors captured in ASX-traded ETF
FTSE RAFI has 10 year track record providing alternatively weighted indices
January 29, 2015--FTSE Group ('FTSE'), the global index provider, announces that BetaShares, one of Australia's leading providers of exchange traded products, has chosen the FTSE RAFI US 1000 Index for its latest Exchange Traded Fund (ETF).
The index was developed in association with Research Affiliates(R), LLC and is the basis for the first US fundamental equity index ETF issued to the Australian market.
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Source: FTSE
MNI India Business Sentiment Falls to 64.2 in January
Business Confidence at the Lowest Level in Nine Months
January 28, 2015--The MNI India Business Indicator experienced the sharpest fall in 11 months, declining 6.1% to 64.2 in January from 68.4 in December 2014.
Business confidence eased for the fourth consecutive month to the lowest level since April 2014, the month before Narendra Modi was elected as Prime Minister. Sentiment is almost 10% down from its peak in September and barely above the level in January 2014.
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Source: MNI Indicators
Hong Kong-Shenzhen launch set for second half, will miss June MSCI review -sources
January 28, 2015--The Hong Kong stock exchange expects a much-hyped trading link with its counterpart in Shenzhen to launch in the second half of this year, sources told Reuters-a timeline that could undermine China's chances of being included in a major investor benchmark.
Many market watchers had expected the landmark Stock Connect scheme linking Hong Kong with Shanghai to be extended to Shenzhen before June, but individuals briefed by Hong Kong Exchanges & Clearing CEO Charles Li said a start towards the end of the third quarter now looks more likely.
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Source: Reuters
BetaShares launches US equities ETF
January 28, 2015--BetaShares has launched the ASX's first US equities exchange-traded fund to use the 'fundamental index' methodology.
In a statement BetaShares said the launch of the fund follows its Australian equities Fundamental Index ETF, which was launched in 2013.
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Source: ifa.com
CSOP to Launch MSCI T50 ETF (3021) Capturing First-Mover Advantages in Global Top 50 Internet Companies
January 28, 2015--CSOP MSCI T50 ETF (stock code: 3021) has listed on The Hong Kong Stock Exchange on 28 January 2015 as the first ETF product in Hong Kong market investing in the Internet segment. This ETF product closely tracks the MSCI China and US Internet Top 50 Equal Weighted Index to reflect the performance of the 50 largest Chinese and US Internet software and service providers and Internet retail enterprises in terms of market capitalisation.
The listing of CSOP MSCI T50 ETF on the main board of The Hong Kong Stock Exchange allows investors to conduct real-time trading during local time in Hong Kong to gain exposures to shares of leading Internet companies listed on both Hong Kong and the US markets, and also presents rare investment opportunities of potential IPOs access to internet companies.
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Source: CSOP Asset Management Limited
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