UPDATE 2-Indonesia Q4 GDP picks up pace, may buffer emerging market turmoil
February 5, 2014-- Q4 GDP +5.72 pct y/y vs forecast of +5.30 pct
Growth buoyed by exports, private consumption
Some risk seen from partial mineral ore exports ban
Central bank to hold rate review Feb. 13 (Adds more market reaction)
February 5, 2014--Indonesia's economic growth surprisingly gathered pace in the latest quarter, suggesting the economy is entering the new year with more momentum than expected to withstand the turmoil affecting emerging markets.
The upbeat report on gross domestic product marked the second time this week that Indonesian data has surprised to the upside, after statistics on Monday showed the country had posted an unexpectedly large December trade surplus..
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Source: Reuters
New ETFs Included in Real-Time Dissemination of "TSE Indicative NAV"
February 4, 2014--Tokyo Stock Exchange, Inc. (TSE) will newly calculate and publish the real-time Indicative Net Asset Value (Indicative NAV) per share for the below Exchange Traded Funds (ETFs) beginning February 4, 2014.
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Source: TSE
The Budget and Economic Outlook: 2014 to 2024
February 3, 2014--With traditional bond portfolios generally containing excessive interest rate risk, BlackRock suggests using an unconstrained fixed-income strategy as a more effective approach for bond investors
in terms of generating consistent risk-adjusted returns as well as diversifying market risks..
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Source: Asia-Asset Management
IntercontinentalExchange Completes Acquisition Of Singapore Mercantile Exchange
February 3, 2014--IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced the successful completion of its previously announced acquisition of Singapore Mercantile Exchange (SMX), following regulatory approval by the Monetary Authority of Singapore (MAS).
The acquisition adds to ICE's current network of markets and clearing houses in the U.S., Canada, Brazil, the U.K. and continental Europe and provides ICE with exchange and clearing infrastructure in Asia for the first time.
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Source: IntercontinentalExchange
New ETN to be Listed on Mar. 12, 2014 (Wed.)-Nomura Group,"NEXT NOTES" Series (Fourth Installment)
February 3, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following trust beneficiary certificates (Japanese Depositary Receipts) whose trust assets are exchange traded notes (indicator-tracking securities; hereinafter "ETNs") issued by Nomura Europe Finance N.V. . These will be listed on Wednesday, March 12, 2014.
Code 2043(ISIN JP5528310005)
Name NEXT NOTES STOXX ASEAN-Five Select Dividend 50 (NR-JPY) ETN
Listing Date March 12, 2014
Trading Unit 1 unit
Underlying Index STOXX ASEAN-Five Select Dividend 50 (NR-JPY)
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Source: Tokyo Stock Exchange (TSE)
S&P BDC Index Launched by S&P Dow Jones Indices
New Index Licensed to Nikko Asset Management for Tracker Fund Creation in Japan
February 3, 2014--S&P Dow Jones Indices, one of the world's leading providers of financial market indices, today announced that it has launched the S&P Business Development Company (BDC) Index and licensed it to Nikko Asset Management to launch a tracker fund in Japan.
The Index is comprised of U.S.-listed private equity firms that invest equity and debt capital in small and mid-sized businesses, allowing investors to measure a growing industry specialty within the financial sector.
Drawn from the S&P United States BMI universe, the S&P BDC Index is modified float-adjusted market cap-weighted. Modifications are made to market cap weights, if required, to reflect available float, while applying a single stock cap of 10% to mitigate over-concentration in a few components. To qualify for membership in this Index, a stock must be a publicly traded company with a Business Development Company structure, as specified in SEC filings, and listed on the NYSE (including NYSE Arca), the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Select Market or the NASDAQ Capital Market.
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Source: S&P Dow Jones Indices
ETF takes up 20 pct of main bourse's trading volume
February 2, 2014--South Korea's exchange-traded funds (ETFs) took up nearly 20 percent of the main bourse's trading volume in 2013, data showed Sunday, apparently as investors sought after safer investment destinations.
The average daily trading volume of ETFs came to 792.5 billion won (US$739 million) last year, accounting for 19.3 percent of the 3.9 trillion won by the main bourse, according to the data compiled by the Korea Exchange (KRX).
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Source: Global Post
Economic survey: Experts want financial inquiry to beef up consumer protection
Economists also see no role for banks in wealth management
February 1, 2014--David Murray's financial system inquiry should examine ways to beef up consumer protection and improve disclosure standards for retail investors, some of the country's top economists say.
As part of BusinessDay's economic survey, our panel of experts was asked to nominate what they thought should be the top recommendations of this year's review of finance, to be led by Mr Murray, a former Commonwealth Bank boss.
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Source: The Sydney Morning Herald
S&P Dow Jones Indices' Market Attributes: Index Dashboard Asia Pacific
January 31, 2014--This month's highlight's include:
The Asian equity markets are materially down on the month, fixed income markets marginally up.
Financials had a poor month and dragged major benchmarks down across the region. The Energy and Telecoms sectors were also laggards in January.
The Fed failed to surprise markets with a second $10bn per month reduction in U.S. quantitative easing. Focus turned to EM currencies, the Russian Rouble and Turkish Lira in particular, as a disorderly rout in a selective few EM currencies followed.
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Source: S&P Dow Jones Indices
ASIC releases report on regulating complex products
January 31, 2014--With financial products and markets continually growing in complexity, ASIC has reviewed its approach to regulating complex products.
Today ASIC has published Report 384 Regulating complex products (REP 384) about its review. REP 384:
outlines the risks posed by complex products to retail investors
sets out ASIC's recent and current work on complex products, including considering the whole of the product lifecycle-development, distribution, sale, and post-sale, and
identifies opportunities for further work, including working with industry, where appropriate.
view the ASIC Regulating complex products report
Source: ASIC