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Hong Kong asset managers seek alternatives as China investment quotas dry up
November 5, 2014--Asset managers in Hong Kong are scrambling to figure out how to meet growing demand for yuan assets after they were hit by a double blow-a shortage of China investment quotas and the delay of a scheme linking the Hong Kong and Shanghai stock exchanges.
Money managers in the world's biggest offshore yuan hub are still waiting for new quotas after they were nearly exhausted in late September, even as Beijing is accelerating its pace of granting quotas to London, Singapore and Paris under its RQFII (Renminbi Qualified Institutional Investor) programme.
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Source: Reuters
India Stands to Lose More than $4.58 Trillion to Non-Communicable Diseases
November 5, 2014--New report from the World Economic Forum and Harvard School of Public Health finds that India stands to lose $4.58 trillion to non-communicable diseases, an amount more than double India's annual GDP
Five key interventions reduce incidence of the diseases, and potentially provide a 15% return on investment
A new report released today by the World Economic Forum and the Harvard School of Public Health finds that India stands to lose $4.58 trillion due to non-communicable diseases and mental disorders between 2012 and 2030, an amount more than double India’s annual GDP. The Economics of Non-Communicable Diseases Report provides an account of the forces driving this economic burden and an assessment of interventions that, if implemented, can reverse this trend with a return on investment of at least 15%.
view the report-Economics of Non-Communicable Diseases in Indi
Source: World Economic Forum (WEF)
BetaShares launches Australian Dividend Harvester Fund for SMSF & Retiree Market
November 5, 2014--November Fund specifically designed for SMSFs & Retirees
BetaShares has today announced the launch of a new ASX-traded fund developed specifically with the needs of SMSFs and retirees in mind.
BetaShares Australian Dividend Harvester Fund (managed fund) trades under the ASX Code "HVST".
The Fund's 'dividend harvest' strategy seeks to maximise exposure to large capitalisation dividend paying Australian shares, aimed at delivering a tax-effective, franked monthly income stream that is at least double the annual income yield of the Australian sharemarket.
visit www.betashares.com.au for more info.
Source: BetaShares
Bankers question Asean passport demand
November 4, 2014--Some distributors in Southeast Asia are unsure what the recently launched Asean fund passport will offer them in the near term
that they do not already have.
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Source:Asian Investor
MNI India Consumer Indicator Falls
Slightly in October-Consumers hold back spending during the festival season
November 4, 2014--Consumer sentiment eased slightly in October as the outlook for household finances deteriorated and a growing proportion of consumers refrained from purchasing big ticket items in spite of the festival season.
The MNI India Consumer Indicator declined to 123.7 in October from 124.1 in September, the lowest level since May. Even though consumer sentiment was 3% above the outturn recorded in the same month a year ago, it has been broadly flat this year. A stable consumer sentiment signals that the pick-up in the economy is very gradual and the Modi government's policies have yet to filter down to Indian households.
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Source: Investor Central.org
HK fund firms urged to use foreign RQFII quota
November 4, 2014--The deputy CEO of Hong Kong's securities regulator said asset managers in the city should make use of offshore quota,
as the city awaits an increase in its RQFII limit.
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Source: Asian Investor
RQFII fever spreads to South Korea
After the first Korean fund house received an RQFII licence in late October, a raft of others are tipped to be on the way. Meanwhile, more French and Singaporean institutions won quota last week.
November 3, 2014--China's renminbi qualified foreign institutional investor (RQFII) scheme is continuing its spread around the globe, with South Korea the latest stop.
Meanwhile, the number of quota holders is steadily building in Paris and Singapore.
Shinhan BNP Paribas Asset Management, a joint venture between French bank BNP Paribas and Shinhan Financial Group, became the first Korean institution to win an RQFII licence late last month.
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Source: Asian Investor
Yuanta debuts Greater China's first leveraged and inverse ETFs
November 3, 2014-- Taiwan's largest ETF provider, Yuanta Securities Investment Trust Co (Yuanta SITC), has launched Greater China's first leveraged and inverse ETFs.
The Yuanta Daily Taiwan 50 Bull 2X ETF and Yuanta Daily Taiwan 50 Bear-1X ETF were launched on the Taiwan Stock Exchange (TWSE) on October 31.
The TWSE said the new products added further variety to Taiwan’s growing ETF landscape. There are a total of 23 ETFs listed on the bourse, including seven that track offshore benchmark indices for markets including Hong Kong, Shanghai, and Shenzhen. The combined trade value of ETFs on the stock exchange reached NT$55.7 billion (US$1.83 billion) in September 2014, up 110% compared to the same period last year.
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Source: Asia Asset
S&P Dow Jones Indices-Asia Pacific Index Dashboard-October 2014
October 31, 2014--A flash of volatility briefly challenged global equities mid-month, with the VIX temporarily breaking through 30. Calm has returned for now; most markets have recovered. In Asia, blue-chip companies held up better as the S&P Asia 50 closed the month with a 3.16% gain, the broader S&P Pan Asia BMI posted a 0.36% loss.
Decimated by October 17th, the S&P TOPIX 150 surged to finish the month slightly above September's levels as the Bank of Japan (BoJ) surprised the market with fresh monetary stimulus.
view the S&P Dow Jones Indices-Asia Pacific Index Dashboard-October 2014 report
Source: S&P Dow Jones Indices
S&P Dow Jones Indices-India Index Dashboard-October 2014
October 31, 2014--October was yet another great month for Indian equities. The S&P BSE SENSEX gained nearly 5% to close at a new high of 27,866. Returns were led by Financials, which contributed more than half of the gain.
On the economic front, the World Bank issued a report predicting 5.6% growth for India during 2015 while the consumer price index (CPI) inflation fell to its all-time low of 6.46 percent in September. (India started computing CPI in January 2012).
view the S&P Dow Jones Indices-India Index Dashboard-October 2014 report
Source: S&P Dow Jones Indices