TSE-ETF/ETN Monthly Report for Jan 2015
February 6, 2015--Oil ETFs and ETNs Surge Ahead
In January 2015, trading in the ETF/ETN market continued near record highs, with monthly trading value of approximately JPY 3.85 trillion and a daily average of about JPY 203 billion, the second-highest level since November 2014.
The Simplex WTI ETF (1671) grew in trading value and climbed from 18th to 12th overall. Other ETFs and ETNs tracking oil sector indices also saw significant gains.
Inverse ETFs also saw significant activity with Nikkei 225 Bull 2x ETF (1579) and other issues making the monthly rankings.
view the TSE-ETF/ETN Monthly Report for Jan 2015
Source: TSE (Tokyo Stock Exchange)
Offshore yuan bond issuance in HK shrinking for first time
February 5, 2015--Offshore yuan bond issues are set to fall this year for the first time since the Hong Kong market began in 2007 as funding costs have become more expensive than in mainland China.
The dim sum market, as the offshore yuan bond market is known, had expanded rapidly since its inception because borrowers could raise money more cheaply in Hong Kong-a trend that now looks set to end.
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Source: South China Morning Post
Muted demand expected for first Shanghai-HK Stock Connect ETFs HANG SENG Trading Strategy
February 5, 2015--Muted demand expected for first Shanghai-HK Stock Connect ETFs
If Stock Connect-themed products "follow the same [product development and investment] strategy that most QDII products used before,
[they are] likely to meet the same results as QDII funds", says Jonathan Ha, Shanghai-based director and head of ...
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Source: FT.com
Stamp duty waiver for all ETFs to take effect on 13 February 2015
February 4, 2015--Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Wednesday) that a stamp duty waiver for all Exchange Traded Funds (ETFs) listed in Hong Kong will take effect on 13 February 2015 following the passage of the Stamp Duty (Amendment) Bill 2014 today in the Legislative Council.
The current stamp duty waiver for ETFs does not apply if the ETF tracks an index comprised of more than 40 per cent Hong Kong-listed stocks. As a result, 26 of the 124 ETFs listed in Hong Kong are subject to stamp duty now (please see list below for details). The non-exempt ETFs accounted for nearly a quarter of listed ETF turnover at HKEx last year.
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Source: Hong Kong Exchanges and Clearing Limited (HKEx)
BRIEF-China Merchants Securities gets approval for the commencement of SSE 50 ETF options market making business and stock options proprietary trading business
February 3, 2015--Merchants Securities Co Ltd
Says gets Shanghai Stock Exchange's approval for the commencement of the SSE 50 ETF options market making business
Says gets Shanghai Stock Exchange's approval for the commencement of the stock options proprietary trading business
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Source: Reuters
India to raise 50 billion rupees through ETF sale before end March
February 3, 2015--India plans to raise 50 billion rupees ($809 million) by selling additional units of a fund made up of shares in public sector companies, a source involved in the discussions told Reuters, a move which would boost government efforts to trim its deficit.
The previous government had set up the exchange traded fund (ETF) last year as a way of selling shares in 10 state-owned companies. It raised 30 billion rupees in an oversubscribed offering as investors welcomed access to a basket of firms.
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Source: Reuters
S&P Dow Jones Indices-Asia Fixed Income Index Dashboard
February 2, 2015--The S&P Pan Asia Bond Index, which tracks the local currency bonds in 10 countries and is calculated in U.S. dollars, ended on a positive note in the first month of 2015.
Total return rose to 0.95%, while yield-to-maturity stood at 4.14%. The S&P Pan Asia Government Bond Index continued to outperform the S&P Pan Asia Corporate Bond Index and gained 1.11% for the month.
The S&P Indonesia Bond Index jumped 6% in January, buoyed by strong inflows. The index's yield-to-worst was tightened to 7.33%.
The S&P China Bond Index added 0.98% last month, while the index's yield-to-worst was tightened to 4.12%. The S&P China Composite Select Bond Index, which covers investable Chinese sovereigns, policy banks, and Central State-Owned Enterprises, also rose 0.98% in the same period, while its U.S. dollar version climbed only 0.19% due to currency weakness. The Chinese offshore market, represented by the S&P/DB ORBIT Index, declined 0.56% in the same period.
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Source: S&P Dow Jones Indices
China shadow bank regulation shows results
February 2, 2015--Beijing has declared a partial victory over shadow banking, which has loomed large over China's $30tn banking system in recent years, enabling it to pursue looser monetary policy without exacerbating risks.
The explosive growth of non-bank lending-known as shadow banking-since 2010 created a thick tier of riskier borrowers paying higher rates to a new, lightly regulated sector...
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Source: FT.com
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
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