SSE, CSI Update Industry Classification of Listed Companies
June 20, 2013--Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd (CSI) have recently published the adjusted industry classification of listed companies according to the annual reports of 2012.
The adjustment involves 35 listed companies.
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Source: Shanghai Stock Exchange (SSE)
SSgA reshuffles senior staff amid expansion drive
June 20, 2013--State Street Global Advisors (SSgA) has undertaken a senior staff reshuffle globally amid a drive to expand its equity and credit product lines in both active and passive investments this year.
Lochiel Crafter has...
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Source: Asian Investors
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP market witness $1bn cash inflows, AUM increases marginally
June 18, 2013--Market Review
Last week, all the major markets in the Asia-Pacific region remained in negative territory except Australia. Compared to the week before, from north to south:
Japan (Nikkei 225) -1.48%
Korea (KOSPI2)-2.32%
China (CSI 300) -2.71%
Hong Kong (HSI) -2.81%
Singapore (FSSTI)-0.73%
Australia (S&P/ASX 200) +1.14%
New Product Launch Review
Last week, one new product was launched in the Asia-Pacific ETP market. Krung Thai Asset Management listed one Equity ETF (ECOMM TB) on Stock Exchange of Thailand tracking the SET Commerce Sector Index.
ETP Weekly Cash Flows
The Asia-Pacific ETP flows during last week totaled +$1bn vs. +$1.5bn (+1.0% of AUM) of inflows for the previous week, setting the YTD weekly flows average at +$355mn (+$8.5bn YTD in total cash flows). Developed market equity ETFs recorded inflows of +$502mn while emerging market equity ETFs registered outflows of -$201mn. Leveraged strategy ETFs witnessed the highest weekly inflows of +$779mn among all the segments. ETPs offering exposure to Japan and Hong Kong registered inflows of +$297mn and +$202mn while South Korea and China witnessed outflows of -$102mn and -$101mn respectively.
Turnover Review
Asia-Pacific ETP turnover totaled $14bn for the last week, -4.5% down by the previous week’s total. Japan continues on the top of the turnover ranking with $5bn turnover, followed by South Korea ($4.4bn), China ($2.3bn) and Hong Kong ($1.9bn). Among equity ETFs, Emerging Country, leveraged long, Asia-Pacific developed country and short ETFs had total turnovers of $5.2bn, $4.4bn, $2.5bn and $0.8bn, respectively. Among the commodity asset class, turnover in gold ETPs totaled $127mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $419mn, and ended at $145.5bn. On a year-to-date basis, Asia-Pacific ETP market is up by $9.5bn or 7.0% above last year’s closing.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Asia
SSgA boosting Asian capabilities, launches China JV
June 18, 2013--State Street Global Advisors (SSgA) is moving to strengthen its investment capabilities across Asia Pacific including in China, where it is recruiting for its freshly minted joint venture.
The US house, roughly 90% of whose assets are invested passively, has joined forces with Zhongrong International Trust, which boasts a strong distribution presence in wealth management products.
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Source: Asian Investor
HKEx Welcomes Tomorrow''s Listing Of Hong Kong's First RMB Bond ETF
June 17, 2013--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the listing of Asia's first offshore renminbi (RMB) bond Exchange Traded Fund (ETF) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, scheduled for tomorrow (Tuesday).
The iShares RMB Bond Index ETF to be listed by iShares Asia Trust is a RMB-denominated physical ETF that will be traded and settled in both Hong Kong dollars (HKD) and RMB. There will be two counters of the same class, with holders of units of the counters treated equally. The two counters will have different stock codes (3139 and 83139 for the HKD and for RMB counters respectively) and slightly different names for easy identification.
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Source: Hong Kong Exchanges and Clearing Limited (HKEx)
Horizons ETFs Series Launches Hong Kong's Lowest-Fee ETFs
June 16, 2013--The Horizons Exchange Traded Funds Series ("Horizons ETFs Series") is happy to announce the launch of two new ETFs with the lowest fees ever found in the Hong Kong market.1
The following two ETFs will begin trading on the Hong Kong stock exchange today, substantially enhancing investors' potential returns from the China and Hong Kong growth story.
Horizons MSCI China ETF (HKSE: 3040)
Horizons Hang Seng High Dividend Yield ETF (HKSE: 3110)
"The significantly lower fees of these two new ETFs will allow investors to reduce costs and enhance index tracking precision, thereby maximizing total net returns over the long run," said Ms. Laura LUI, Head of ETF at Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset HK"), the manager and operator of the Horizons ETFs Series
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Source: Mirae Asset Global Investments (Hong Kong) Limited
BlackRock aims to be big in Japan
CEO says Japan is critical to the US fund giant’s goal of increasing its asset base by $200bn a year
June 16, 2013--The chief executive of BlackRock, Larry Fink, said Japan is critical to the US fund giant's goal of increasing its asset base by $200 billion a year.
Fink, who was speaking at BlackRock’s annual shareholder meeting last month, said that “one of the great opportunities in the next few years for organic growth will be Japan”.
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Source: Gulf News
Chinese govt buys financial, blue-chips shares in bid to boost market
June 14, 2013--China's government is increasing its equity stakes in two financial companies in a move to restore confidence in China's stock market after the key index hit a six-month low last week.
Central Huijin Investment Co, China's main holding company for state-owned financial firms, bought shares of Everbright Bank and New China Life Insurance on the secondary market in Shanghai on Thursday and Friday, the two companies said in separate announcements. The shares were worth more than 100 million yuan ($16.31 million)
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Source: Reuters
New 3 ETFs to be Listed on July 17, 2013(Wed.)-BlackRock Group, "iShares(R)" Series
June 14, 2013--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of three new ETFs managed by BlackRock Fund Advisors.
These three issues use the JDR scheme and will be listed on Wednesday, July 17, 2013.
| Code | 1581(ISIN JP5841320004) | 1582(ISIN JP5841330003) | 1583(ISIN JP5841340002) |
| Name | iShares MSCI Kokusai ETF-JDR | iShares Core MSCI Emerging Markets ETF-JDR | iShares MSCI Frontier 100 ETF-JDR |
| Listing Date | July 17, 2013 | July 17, 2013 | July 17, 2013 |
| Trading Unit | 1 unit | 1 unit | 1 unit |
| Underlying Index | MSCI Kokusai Index | MSCI Emerging Markets Investable Market Index | MSCI Frontier Markets 100 Index |
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Source: Tokyo Stock Exchange (TSE)
HuaAn expects Chinese gold ETF to raise up to $489m
HuaAn Asset Management expects to raise between $326 million and $489 million initially for its planned gold-backed ETF.
June 13, 2013--HuaAn Asset Management expects to raise between 2 billion yuan and 3 billion ($326 million -$489 million) initially for its planned gold-backed exchange-traded fund (ETF), one of China's first gold ETFs, the fund's portfolio manager said.
"We are still in the process of gauging the level of demand. The market potential is huge," Richard Xu told Reuters in an interview from Shanghai.
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Source: MineWeb
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