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DB-Synthetic Equity & Index Strategy-Asia-Pac-Weekly ETF Market Review-ETP market experience $2.1bn outflows
November 18, 2014--Data in this report is as of 14 November 2014.
Market Review
Last week- Asia-Pacific region had positive markets except Australia. Compared to the week before from north to south:
Japan (Nikkei 225) +3.62%
South Korea (KOSPI2) +0.32%
China (CSI 300) +3.15%
Taiwan (TWSE) +0.79%
Hong Kong (HSI) +2.28%
Singapore (FSSTI) +0.89%
Australia (S&P/ASX 200)-1.71%
New Product Launch Review
During last week, two new equity ETFs and one fixed income ETF were listed in Asia-pacific ETP market. Simplex Asset Management Co Ltd. listed one equity ETF (1360 JP) on Tokyo Stock Exchange tracking Nikkei Average Double Inverse Index. New entrant, BMO Global Asset Management Ltd. listed one equity ETF (3143 HK) and one fixed income ETF (3141 HK) on Hong Kong Stock Exchange tracking Nasdaq Hong Kong Banks Index and Barclays Asia USD Investment Grade Bond Index respectively.
ETP Weekly Flows – Outflows from Japan and leveraged ETFs
Asia-Pacific ETP market recorded outflows of -$2.1bn during last week (-$2bn over the prev. week), setting the YTD weekly flows average at +$349mn (+$16.1bn in YTD flows). Developed markets (DM) benchmarked ETFs recorded outflows of -$2.2bn primarily driven by Japan focused ETFs which recorded outflows of -$2.3bn. Emerging markets (EM) benchmarked ETFs reversed the previous week trend and recorded inflows of (+$0.3bn). Among other sub-segments, leveraged long strategy ETFs saw outflows of -$0.5bn over the last week.
Winners and losers: At ETP level, Daiwa ETF - Nikkei 225 (1320 JP), Samsung KODEX 200 (069500 KS) and iShares FTSE A50 China Index ETF (2823 HK) were the largest flows receivers of the week collecting +$1.9bn, +$146mn, and +$139mn respectively. Over the same period, biggest outflows were experienced by Maxis Nikkei 225 ETF (1346 JP), Nikko Exchange Traded Index 225 (1330 JP) and TOPIX ETF (1306 JP) recording -$1.1bn, -$0.1bn and -$426mn of outflows respectively.
Turnover Review -Floor activity up by 15%
Asia-Pacific ETP turnover totaled $23.7bn for the last week, 15.1% up from the previous week’s total. On a country level, stock exchanges in Japan topped the turnover ranking with aggregate turnover of $10.4bn, +5.8% up as compared to previous week, followed by China ($8.9bn, +16%), Hong Kong ($4.2bn, +69%), and South Korea ($2.5bn, -2.2%). Among equity ETFs, leveraged long strategy, Emerging country, Asia-Pac developed country, and short strategy ETFs were the most traded products recording total turnovers of $9bn, $8.9bn, $2.6bn and $0.6bn respectively. Within fixed income ETFs, money market ETFs recorded turnover of $3.6bn (-1.8%) over the last week.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Asia
Japan slides into recession as tax hike takes toll
November 17, 2014--Japan's economy unexpectedly slipped back into recession as housing and business investment dropped following a sales tax hike, hobbling its ability to help drive the global recovery.
The world's third-largest economy contracted at a 1.6 percent annual pace in the July-September quarter, the government said Monday, confounding expectations that it would rebound after a big drop the quarter before.
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Source: The Washington Post
China waives tax for foreign stock investors
November 14, 2014--China's Ministry of Finance said on Friday it will waive a capital-gains tax for foreigners buying mainland Chinese stocks.
Mainland Chinese investors buying Hong Kong shares will also be exempt from paying income tax for three years, according to a statement on the Ministry of Finance's website.
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Source: FIN24
TSE ETF/ETN Monthly Report-Oct 2014
Monthly trading value hit a record high, surpassing JPY 3 trillion in October!
November 14, 2014-- The ETF/ETN market remained vibrant in October 2014 with monthly trading value of about JPY 3.733 trillion and average daily trading value reaching about JPY 170 billion.
Almost all of the top-ranking ETFs by trading value greatly exceeded the last month performances.
Trading value in NEXT Nikkei-TOCOM Leveraged Crude Oil ETN (2038) and other ETFs/ETNs tracking oil sector indices also saw significant gains.
view the TSE ETF/ETN Monthly Report-Oct 2014
Source: TSE (Tokyo Stock Exchange)
ICICI Prudential AMC likely to manage Suuti ETF
The government is expected to raise up to Rs 7,000 cr through the Suuti ETF
November 13. 2014--India's second largest fund house, ICICI Prudential AMC, has emerged as the front runner for managing the exchange-traded fund (ETF) the government plans to float for disinvesting part of its holdings under the Specified Undertaking of Unit Trust of India (Suuti).
It had bid to manage Suuti's corpus for 13 basis points (0.13 per cent of the total assets under management). The government had bids from seven asset management companies to act as manager to the ETF.
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Source: Business Standard
BetaShares-Bassanese's Market Insights: Fed to hike earlier than expected
November 11, 2014--With the United States Federal Reserve having officially ended its quantitative easing program, thoughts naturally turn to the outlook for US interest rates.
When will the Fed start raising the Federal funds rate from current near-zero levels, and what will this do to share prices?
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Source: BetaShares
Three paths to sustained economic growth in Southeast Asia
November 11, 2014-- The Association of Southeast Asian Nations (ASEAN) encompasses ten countries with a multitude of ethnicities and languages, as well as wide economic disparities. But these nations-Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam-are not only tied together by multiple threads of history and culture but also increasingly linked by business networks, trade relationships, migration, and shared resources.
Today, almost five decades after ASEAN's founding, it is pursuing a more ambitious form of economic integration as a tool for achieving broader prosperity and greater global competiveness.
The region has enjoyed remarkable economic progress in recent years; millions have been lifted out of poverty. Viewed as a single entity, ASEAN would rank as the world's seventh-largest economy.
view the McKinsey Global Institute report: Southeast Asia at the crossroads: Three
paths to prosperity
Source: McKinsey & Company
Canada's BMO launching trio of ETFs in HK
First-of-their-kind bond, bank funds among the rollouts
November 10, 2014--Toronto-headquartered BMO Global Asset Management is listing in Hong Kong three locally domiciled exchange traded funds that it believes are tailored to the market.
The BMO Asia High Dividend ETF, BMO Asia USD Investment Grade Bond ETF and BMO Hong Kong Banks ETF, which will all pay regular dividends, received approvals from Hong Kong's Securities and Futures Commission on October 30.
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Source: FT.com
Hong Kong, Shanghai stock link to start November 17
November 9, 2014--A delayed trading link between Hong Kong and Shanghai's stock exchanges will start on November 17, the Hong Kong exchange announced Monday.
The bourse connection--which is expected to allow the equivalent of US$3.8 billion a day in cross-border transactions--had originally been slated for last month, but was unexpectedly delayed as pro-democracy protesters continued to shut down sections of Hong Kong.
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Source: Yahoo News
New ETF to be Listed on Dec. 2, 2014(Tue.) -BlackRock Japan="iShares JPX-Nikkei 400 ETF"
November 6, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF managed by "BlackRock Japan Co., Ltd."
The ETF will be listed on Tuesday, December 2, 2014.
Code: 1364
Name: iShares JPX-Nikkei 400 ETF
Listing Date:2. December, 2014 (Scheduled)
Trading Unit: 1 unit
Indicator: JPX-Nikkei Index 400
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Source: Tokyo Stock Exchange (TSE)