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Yuanta JV plans Greater China ETF platform
May 21, 2013--After launching a fixed income mutual fund in China, Taiwan's Yuanta will roll out a more unusual cross-border ETF, a big step forward for China, Hong Kong and Taiwan.
Taiwan's largest mutual fund house, Yuanta Securities Investment Trust, has partnered China Resources to set up a joint venture in Shenzhen and will launch a fixed income fund later this year.
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Source: Asian Investor
BPI pegs planned ETF to MSCI index
May 19, 2013--AYALA-LED Bank of the Philippine Islands' (BPI) planned exchange traded fund (ETF) product will track the performance of the MSCI Philippines index, a senior bank official said.
“Our ETF product will replicate the performance of the MSCI Philippines index,” said Theresa Marcial-Javier, BPI senior vice-president and group head of BPI Asset Management and Trust Group, told reporters in Makati City on Thursday last week.
“We are entering into a subscription agreement with them to be our index provider,” she added.
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Source: Business World Online
TSE : Indicative NAV Published For New ETFs And ETNs Through The FLEX Standard Service
May 17, 2013--Beginning June 17, 2013, Tokyo Stock Exchange, Inc. (TSE) will publish the real-time Indicative Net Asset Value (Indicative NAV) per share
through the FLEX standard service for the below Exchange Traded Funds (ETFs)and Exchange Traded Notes(ETNs)
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Source: Tokyo Stock Exchange (TSE)
More Vanguard ETFs in the pipeline
May 17, 2013--Vanguard Group has launched its first Hong Kong-domiciled exchange traded fund, with plans to introduce more ETFs to the region in the future.
The Vanguard FTSE Asia ex Japan Index ETF is its first locally-domiciled product offering, says Shelly Painter, a regional MD, adding that Vanguard chose to domicile the fund in Hong Kong because it is an easier process than exporting a UCITS fund.
The ETF, Vanguard’s first retail offering in Hong Kong, offers investors exposure to large-and mid-capitalisation stocks in 11 Asian countries. It has a 22% weighting on China, 19% on South Korea and 15% on Hong Kong.
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Source: IP&E
China president takes charge of sweeping economic reforms
May 17, 2013--Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalize the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local government debt and inflate property prices.
A consensus had been reached among top leaders that reforms would be the only way to put the world's second-largest economy on a more sustainable footing, said the sources, who are familiar with the plans and Xi's involvement. China's economic growth is at its weakest in 13 years, although still the...
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Source: Todays Zaman
Vanguard Selects FTSE for First Hong Kong Domiciled ETF
Customised FTSE index for Vanguard HK debut
Global relationship extends to Hong Kong
May 16, 2013--FTSE Group ("FTSE") has been selected by Vanguard, one of the top three US asset management firms, as the index benchmark provider for its first Hong Kong domiciled ETF, which listed on Hong Kong Exchanges and Clearing Limited ("HKEx") on 15 May.
The ETF is based on an index which FTSE has customised for Vanguard - FTSE Asia Pacific ex Japan, Australia and New Zealand Net Total Return Index.
FTSE continues to build on its position as a leading global benchmark provider through index innovations and by customizing indices to meet the specific needs of investors and offering them increased investment opportunities.
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Source: FTSE
Japan's Q1 growth beats forecasts
May 16, 2013--Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo Abe's aggressive monetary and fiscal stimulus.
Thursday's Cabinet office data showed, however, that corporate investment has yet to follow to ensure a sustained economic upturn. Gross domestic product (GDP) rose 0.9 percent from the previous quarter, against the median forecast of 0.7 percent expansion in a Reuters poll of analysts. The growth translated
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Source: Todays Zaman
China's First Cross Border Exchange Traded Fund 00the Guotai NASDAQ-100 ETF-- Begins Trading on the Shanghai Stock Exchange
New Listing Provides Chinese Investors Access to U.S. Securities for First Time
May 15, 2013--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that China's first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun trading on the Shanghai Stock Exchange.
The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was created so that investors in China could easily invest in the largest and most liquid companies traded on The NASDAQ Stock Market. The listing of this product marks the first exchange-traded fund in China to provide access to the U.S. market.
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Source: NASDAQ OMX
Investor Structure and Characteristics of Behavioral Changes in Shenzhen Market: Evidence from Data of Recent Years
May 15, 2013--In-depth analysis on the structure and changes of investors' trading behaviors helps promote the reform in fundamental system of the capital market. Since 2007, SZSE has been engaged in a long-term tracking study in investor structure and behaviors.
Based on the results of research, SZSE made ongoing verification, evaluation and optimization of trading rules, investor suitability management and other systems. According to 2012 statistics, there’s an overall improvement in market trading behaviors in view of the climbing rationality degree. However, mid- and small-cap retail investors are still vulnerable in the eco-sytem of the stock market.
Viewing from the changes of investor structure
First, the number of mid- and small-cap individual investors has significant increased. From 2010 to 2012, the accumulated number of accounts opened in the Shenzhen market increased from 76.25 million to 84.25 million, while the number of active accounts went up steadily from 19.38 million to 24.48 million. The year 2012 saw a lower account closing ratio per month in comparison to 2011. From 2007 to 2012, the percentage of free-float market capitalization held by individual investors decreased from 60.4% to 42.8%, but the percentage of their trading value fell relatively slower from 87.4% down to 85.6%. In general, in spite of the rising shareholding percentage of institutional investors, the proportion of individual investors will still remain high in China’s stock market in the near future, which is calling for an improvement in the trading structure.
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Source: Shenzhen Stock Exchange
Tokyo Stock Exchange To Begin Calculating US Dollar Hedged Index
May 15, 2013--To satisfy market demand for TOPIX index values that hedge foreign currency risk, the Tokyo Stock Exchange has been calculating and publishing the TOPIX Total Return Euro Hedged Index since January 2011 and will now begin calculating the TOPIX Total Return Index hedged into US Dollars.
The TOPIX Total Return US Dollar Hedged Index is calculated by hedging beginning-of-period balances using rolling one-month USD-JPY currency forward contracts. The index uses a hedge ratio of 100% and calculation is based on a methodology developed by S&P Dow Jones Indices.
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Source: Tokyo Stock Exchange (TSE)