Energizing Green Cities: Solutions to Meet Demand and Spark Economic Growth
February 18, 2014--STORY HIGHLIGHTS: Half of the world's population lives in cities, and urban population in East Asia is growing twice as fast as in the rest of the world.
Urban energy demands and GHG emissions are rising- but cities can become global engines of green growth.
The World Bank's Sustainable Energy and Emissions Planning can help cities get on the green growth path to benefit the environment and their own economic growth.
Cities in Southeast Asia (SEA) are growing twice as fast as the rest of the world and by 2030, it is expected that 70 percent of SEA population will live in cities. Worldwide, cities account for around two-thirds of global energy demand and greenhouse gas (GHG) emissions. While cities have always been the engines of economic growth, now they also hold the key to a sustainable development in SEA. Given their size and dynamic growth, SEA cities today have a unique opportunity to also become global engines of green growth by choosing energy-efficient solutions for their infrastructure needs.
view the World Bank report-Energizing Green Cities in
Southeast Asia Applying Sustainable Urban Energy and Emissions Planning
Source: World Bank
DB-Synthetic Equity & Index Strategy- Asia-Pac Weekly ETF Market Review- Inflows to Japan ETFs and outflows from Korea ETFs
February 18, 2014--Data in this report is as of 14 February 2014.
Market Review
Last week, all the major markets in the Asia-Pacific region remained in positive territory except Japan. Compared to the week before, from north to south:
Japan (Nikkei 225) -1.03%
South Korea (KOSPI2) +0.89%
China (CSI 300) +3.76%
Hong Kong (HSI) +3.06%
Singapore (FSSTI) +0.85%
Australia (S&P/ASX 200) +3.67%
New Product Launch Review
There was no new ETP listing in the last week.
ETP Weekly Flows-Mild weekly inflows
Last week, Asia-Pacific ETP market recorded inflows of +$0.3bn vs. +$3.9bn for the previous week, setting the YTD weekly flows average at +$1.2bn (+$7.5bn YTD in total flows). Developed markets equity ETFs registered weekly inflows of +$704mn, primarily contributed by Japan focused ETFs (+$672mn). Emerging markets ETFs saw redemptions of -$264mn, mostly from South Korea benchmarked ETFs (-$246mn). Leveraged long strategy ETFs also experienced outflows of close to -$200mn over the last week.
Winners and losers: At ETP level, CSOP FTSE China A50 ETF (82822 HK), Nikko Exchange Traded Index 225 (1330 JP) and TOPIX ETF (1306 JP) were the largest flows receivers of the week collecting +$228mn, +$183mn and +$168mn respectively. Over the same period, biggest outflows were experienced by Samsung KODEX Leverage ETF (122630 KS), Samsung KODEX 200 (069500 KS) and Bosera FTSE China A50 Index ETF (2832 HK) recording -$175mn, -$158mn and -$141mn of outflows respectively.
Turnover Review- Floor activity up by 2.9%
Asia-Pacific ETP turnover totaled $13.3bn for the last week, 2.9% up from the previous week’s total. After holidays in the first week of February, turnover activity in China and Hong Kong took pace during last week recording week-on-week change of $2.3bn (+656%) and $0.7bn (+61%) respectively. Among other major markets, turnover declined by $1.9bn (-26%) in Japan and $0.6bn (-16.5%) in South Korea on a weekly basis. Within equity ETFs, leveraged long strategy, emerging country, Asia-Pac developed country and short strategy ETFs had total turnover of $5.2bn (-20%), $4.4bn (+76%), $1.6bn (-32%) and $0.9bn (+7%) respectively. Among fixed income ETFs, money market and sovereign ETFs recorded turnover of $0.3bn (+35%) and $0.2bn (+152%) respectively over the last week.
Assets under Management Review-Assets increased by $2.5bn
Last week, Asia-Pacific ETP AUM added $2.5bn and ended the week at $167.9bn. On a year-to-date basis, Asia-Pacific ETP market is down by $1.1bn or 0.6% below last year’s closing.
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Source: DB-Synthetic Equity & Index Strategy-Asia
China Record Credit Growth Boosts Outlook for Economy
February 17, 2014--Record new credit in China in January will help the economy maintain momentum while highlighting challenges for officials trying to limit the risk of financial turbulence from defaults and bad loans.
Aggregate financing, the broadest measure of credit, was 2.58 trillion yuan ($425 billion), the People's Bank of China said in a Feb. 15 statement. New local-currency lending was 1.32 trillion yuan, the highest level since 2010.
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Source: Bloomberg
BlackRock aims to find right formula for Asia-Pacific
February 17, 2014--The Asia-Pacific region has been the weak link in BlackRock (BLK) Inc. (BLK)'s global growth story in recent years, leading some market veterans to conclude the New York-based giant has yet to find a formula for success there.
In a Feb. 10 interview, Mark McCombe, BlackRock's Asia-Pacific chairman, conceded the company faced some serious headwinds when he took the helm two years ago in Hong Kong.
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Source: Pensions & Investments
Clouds gather over Thai economy
February 17, 2014--Any comfort investors in Thailand draw from what happened four years ago, when economic growth, the stock market and foreign investment all surged despite deadly unrest in Bangkok, may be sorely misplaced.
The latest bout of political strife will delay major government spending projects, and damage a lucrative tourism industry. And, even if Thailand's politics calm down, its economy will remain handicapped by weak private investment and rising household debt
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Source: FIN24
Korea-Australia treaty hailed as key to passport
February 17, 2014--John Brogden sees the ARFP scheme as harmonising regulation in Asia.
The pending free trade agreement between Australia and Korea is being hailed as a vital step if the proposed Asia Region Funds Passport (ARFP) is to succeed. Yesterday...
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Source: Asian Investor
R*Shares Nifty ETF & R*Shares CNX 100 Fund listing on BSE
Reliance Mutual Fund announces listing of units of R*Shares Nifty ETF & R*Shares CNX 100 Fund on BSE, with effect from February 17, 2014.
February 15, 2014--Reliance Mutual Fund has announced that with effect from February 17, 2014, has decided to list R*Shares Nifty ETF
(an open ended index exchange traded fund & Rajiv Gandhi Equity Savings Scheme (RGESS) qualified scheme) & R*Shares CNX 100 Fund (an open ended index exchange traded fund) on the Capital Market Segment of BSE.
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Source: Money Control
1.3b yuan loss looms for investors in wealth products
February 13, 2014--Two investment products worth nearly 1.3 billion yuan (HK$1.66 billion) that were distributed by China Construction Bank (0939) and Ping An Insurance (2318) are on the verge of default.
The first -a high-yield product that saw 289 million yuan raised from clients of China Construction Bank-was created by Jilin Province Trust and backed by a loan to coal firm Shanxi Lianmeng Energy.
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Source: The Standard
NRI Conducts Nippon Individual Savings Account (NISA) Usage Survey,Findings Project 8.65mn NISA Holders/Applicants by Year-End
February 13, 2014-Nomura Research Institute, Ltd, (NRI) a leading provider of consulting services and system solutions, conducted a Nippon Individual Savings Account (NISA)*1 Usage Survey in early February 2014, showcasing NISAs smooth start from the January 2014 launch.
As of January 1, 2014, 4.75 million NISAs had been opened, according to the National Tax Agency (NTA). Public awareness of NISAs is growing, according to a series of surveys conducted by NRI over the past year. Based on its latest survey data, NRI estimates that 8.65 million NISAs will be opened by the end of 2014.
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Source: NRI
ETF/ETN Monthly Report for Jan 2014
February 13, 2014--Average daily trading value surges past last month's record high!
In January, the ETF/ETN market reached a new record high in ADV of about JPY 146 billion. Monthly trading value was at about JPY 2.77 trillion, staying close to last month's high.
NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund (1570) accounted for the majority of the trading value. TOPIX Bull 2x ETF (1568) also saw growing activity.
The market welcomed two new ETFs tracking the JPX-Nikkei Index 400 on January 28 (Tue.). NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund (1591) and Listed Index Fund JPX-Nikkei 400 (1592) both got off to a smooth start. The former ranked 18th in monthly trading value despite being traded for only four days while the latter came in at 25th in the rankings (the table in the attachment only includes the top 20 issues).
view the TSE ETF/ETN Monthly Report for Jan 2014
Source: TSE