World Bank-Vietnam Sees Early Signs of Economic Recovery
New World Bank Report, Taking Stock, Shows Increase in Vietnamese Economic Growth
December 3, 2014--Early signs show that Vietnam's economic recovery is on track, says the World Bank's Taking Stock report, released today.
Vietnam's economic growth is expected to improve from 5.4 percent in 2013 to 5.6 percent in 2014.
This positive outlook is largely due to the country's ongoing macroeconomic stability and continued strong performance of the foreign-invested manufacturing export sector. Positive macroeconomic conditions contributed to Vietnam's improved sovereign risk ratings,
World Bank report-Taking stock: an update on Vietnam's recent economic developments
Source: World Bank
TSE ETF/ETN Monthly Report Nov 2014
December 3, 2014--Trading value record high renewed for the second consecutive month!
In November 2014, the ETF/ETN market renewed its record high for the second consecutive month, with monthly trading value of approximately JPY 3.99 trillion and daily average trading value of aboutJPY 222 billion.
NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund (1591) recorded a 176.72% monthly gain in trading value and climbed from 15th to 9th overall.
NEXT NOTES S&P 500 Dividend Aristocrats Net Total Return Index ETN (2044), listed on November 18, 2014, got off to a smooth start and ranked 20th overall.
view the TSE ETF/ETN Monthly Report for Nov 2014
Source: TSE (Tokyo STock Exchange)
KraneShares E Fund China Commercial Paper ETF (NYSE: KCNY) lists today in New York as the first Commercial Paper ETF in the United States
December 3, 2014--KraneShares, a New York based ETF company (www.kraneshares.com), and E Fund Management, one of China's largest asset managers (www.efunds.com.hk), launched the KraneShares E Fund China Commercial Paper ETF (NYSE:KCNY) today.
KCNY seeks to deliver yields from investment-grade1 commercial paper issued in Mainland China by companies headquartered in China. We believe the Fund can be an alternative to US investors' money market fund and/or bank deposit program investments. It is the first commercial paper ETF in the United States2.
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Source: KraneShares
Investors Shun China Stock Link on Ownership Concern, Group Says
December 2, 2014--Institutional investors are shying away from the Shanghai-Hong Kong stock link due to uncertainty about ownership rights and complicated trading procedures, according to an industry body.
Most long-term asset managers aren't going to buy mainland shares through the program in the near term, because investors and regulators aren't comfortable with their ability to enforce ownership of the equities, Mark Austen, chief executive officer of the Asia Securities Industry & Financial Markets Association, said today in Hong Kong. Requirements to deliver shares to a broker before selling them are also sapping interest, he said.
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Source: Bloomberg BusinessWeek
Japan QE is cheap yen policy in disguise
December 2, 2014--Sad choice of tool as it drives up asset prices but is no help to real economy
The yen has been losing value at a more rapid pace against the dollar since the Bank of Japan launched its latest round of quantitative easing a month ago, and was trading at more than Y118 to the greenback at last glance.
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Source: FT.com
BetaShares Whitepaper-Strategies for Managing Investment Risk in Retirement
November 30, 2014--The swelling ranks of Australian pre-retirees and retirees face a significantly more challenging investment environment than in the past, suggesting new strategies may be needed to increase the prospects of a comfortable retirement.
In our recently launched educational whitepaper, Strategies for Managing Investment Risk in Retirement, we describe in detail some of the investment challenges currently facing retirees, including:
Longevity risk
Sequencing risk
Declining yields from traditional retirement assets
Challenges with traditional asset allocation
view the BetaShares White Paper-Strategies for Managing Investment Risk in Retirement
Source: BetaShares
China Said to Order Companies to Check Risks in Commodity Trades
November 28, 2014--China asked state-owned companies to investigate risks associated with commodity trading, said people familiar with the matter, as the government seeks to avoid losses amid a price slump for raw materials.
The State-owned Assets Supervision and Administration Commission ordered companies under its regulation to manage any expected losses in their commodity trading businesses, according to the people, who asked not to be identified because the order hasn't been made public.
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Source: Bloomberg
SGX announces launch of bond trading platform
November 28, 2014--Singapore Exchange (SGX) today announced its intention to launch a bond trading platform by mid-2015. It will initially trade Asian corporate bonds in G3 currencies, with Asian local currencies to follow.
To drive this initiative, the first of its kind focused on Asian bonds, SGX has formed a new subsidiary, SGX Bond Trading ("SGX BT").
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Source: Singapore Exchange (SGX)
S&P Dow Jones Indices-India Index Dashboard-November 2014
November 28, 2014--Call it OPEC's perfect gift for Thanksgiving-cheap oil. November was yet another strongly positive month for Indian equities. The S&P BSE SENSEX gained nearly 3% to close at a new all-time high of 28,694.
The S&P BSE MidCap and SmallCap indices posted even larger gains of 4.5% and 3.2%, respectively.
Returns were led by Financials, which contributed to more than three quarters of the overall gains in the SENSEX.
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Source: S&P Dow Jones Indices
S&P Dow Jones Indices-Asia Pacific Dashboard-November 2014
November 28, 2014--November was a mixed month for Asian equities; China and Japan's markets posted large gains while continued falls in the price of oil weighed on the Australian markets and the energy sector in particular.
Japan's disappointing Q3 GDP fall of -1.6% (ann.) seemed not to worry a market still gorging on a trillion-dollar quantitative easing package announced at the end of October. The TOPIX 150 gained 6% as the Yen fell to ¥118 against the dollar.
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Source: S&P Dow Jones Indices