Futures tracking new Nikkei index to trade on OSE
March 26, 2014--Japan Exchange Group, operator of Asia's largest bourse, said Tuesday that it will launch futures products based on the recently created JPX-Nikkei Index 400 stock average on its Osaka Exchange this fall.
Come October or November, investors will be able to use the index-linked futures to hedge against risks associated with stock market fluctuations, helping them limit losses in the event of a downturn.
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Source: Asian Review
Japanese investment in foreign securities hit new high in 2013
March 26, 2014--The value of outstanding Japanese investment in foreign securities rose 18% to reach a record 478 trillion yen ($4.63 trillion) at the end of last year, Bank of Japan data released Tuesday shows.
Institutional and retail investors alike took their funds abroad in light of the yen's softening and low interest rates at home. At the same time, anticipation that Japan may break free from years of deflation has prompted a resurgence in foreign capital inflows as well.
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Source: Asian Review
Ucits bonus rules may boost HK fund take-up
March 26, 2014-- Asset managers in Asia may consider redomiciling Ucits funds as Hong Kong vehicles if they were to .
be hit by proposed European bonus-cap rules
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Source: Asian Investor
Thai bourse lists KTAM SET50 ETF Tracker on March 26
March 25, 2014--The Stock Exchange of Thailand (SET) will list KTAM
SET50 ETF Tracker, managed by Krung Thai Asset Management pcl (KTAM), on its
main board on March 26, under the ticker "ESET50." The fund offers the lowest
management fee among ETFs tracking SET50 in order to give more returns to
investors.
ESET50, an open-end exchange-traded fund (ETF), will invest in constituent
stocks of the SET50 index, consisting of large--cap companies having high
liquidity and market capitalization of a combined THB 9 trillion (USD 277
billion), or 74 percent of the total market cap. The SET50 index's average
return was 6 percent per annum over the last ten years. Since the beginning of
this year until mid-March, the SET50 index has increased about 5 percent with
dividend yield of about 3.30 percent.
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Source: Exchange of Thailand (SET)
Absa's palladium ETF amasses 8,600 oz
March 25, 204--The palladium-backed exchange-traded fund due to be launched in Johannesburg by Absa Capital on Thursday has already amassed 8,600 ounces of metal to back its shares, Absa's head of exchange-traded products said on Monday.
In an interview with the Reuters Global Gold Forum, Vladimir Nedeljkovic said that as the fund is open-ended, Absa has had to source enough metal to back any security in issue.
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Source: Business Report
Infographic: Higher-Density Cities for a Greener China
March 24, 2014--The Infographic: Higher-Density Cities for a Greener China is available.
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Source: World Bank
South Asia Regional Brief
March 24, 2014--STORY HIGHLIGHTS
The percentage of people living on less than $1.25 a day fell in South Asia from 61% to 31% between 1981 and 2010. Still, 42% of the world’s poor live in South Asia-more than any other region in the world.
Growth in South Asia rose to an estimated 4.6 percent in 2013 from 4.2 percent in 2012 on a market price-calendar year basis. Growth was, however, well below its pre-crisis pace.
The World Bank Group (WBG) is a significant development partner in South Asia, with a portfolio of 190 IDA/IBRD projects, totaling approximately $37.1 billion in net commitments.
South Asia has experienced a long period of robust economic growth, averaging 6% a year over the past 20 years. This strong growth has translated into declining poverty and impressive improvements in human development. The percentage of people living on less than $1.25 a day fell in South Asia from 61% to 31% between 1981 and 2010. The proportion of poor is lower now in South Asia than any time since 1981. Still, 42% of the world’s poor live in South Asia-more than any other region in the world. The region is home to half a billion poor and its development is key to meeting global poverty and prosperity goals.
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Source: World Bank
Disentangling India's Investment Slowdown
March 24, 2014--Summary: This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and economic policy uncertainty.
Our results suggest that while explaining aggregate investment activity better than nominal interest rates, real interest rates account for only one quarter of the explained investment downturn.
view the IMF Working paper-Disentangling India's Investment Slowdown
Source: IMF
China Expands Bank Financing With Preferred Stock Trial
March 21, 2014--China issued rules for a trial program allowing companies to sell preferred stock, expanding financing options for the nation's banks as they seek to address tougher capital requirements.
Companies can issue the shares if they are included in the Shanghai Stock Exchange 50 A-Share Index, the China Securities Regulatory Commission said in a statement on its verified microblog account yesterday. Publicly traded companies can also issue preferred stock to pay for acquisitions and buy back shares, the CSRC said.
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Source: Bloomberg
Renminbi marks new trading regime with fall to 11-month low
March 17, 2014--China's central bank underlined its intention to give the market a bigger role in determining the value of its currency when it announced a doubling of the renminbi's trading band on Saturday.
But investors stung by its recent clampdown on speculators will be cautious in testing its tolerance of greater volatility.
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Source: FT.com
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