Govt to delay large stake sales, ETF launch as Indian rupee dips
July 10, 2013--Concerned over choppy market condition and the fast depreciating rupee, the government may choose to push back launch of the much-awaited exchange traded fund (ETF) of Central public sector enterprises (CPSEs) and key stake sale issues.
"In the current situation, investors are wary and any major disinvestment issue will not see much interest," said a senior official, adding that the government will, at present, largely concentrate on selling stake in those public sector units that have to comply with the minimum public float norms.
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Source: Indian Express
TSE-ETF/ETN Monthly Report for Jun 2013-Trading value has remained high since reaching May's record level, with strong performances by bull and bear ETFs.
July 10, 2013--Trading activity in the ETF/ETN market in June continued to be active, with monthly trading value almost reaching 2 trillion yen, and the daily average approaching the 100 billion yen mark.
Buoyed by a vibrant cash equity market, the trading value of leveraged and inverse issues rose significantly from the previous month. The monthly trading value of "NEXT FUNDS Nikkei 225 Leveraged Index ETF (1570)" alone was more than 800 billion yen. There were 6 leveraged and inverse issues among the top 20 performers by trading value, and 10 such issues ranked in among the top 20 by change in trading value.
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ETF/ETN Monthly Report-June 2013
Source: Tokyo Stock Exchange (TSE)
Change of base price of ETFS Soybeans (Code: 1697)
July 10, 2013--The most recent price of ETFS Soybeans (Code: 1697) obtained from the main foreign financial instruments market converted into Japanese yen differs greatly from the base price set on July 9.
Due to this situation, TSE will change the base price for today as shown
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Source: TSE
Singapore Exchange Limited : SGX welcomes Indonesia Sovereign Bond ETF by Deutsche
July 10, 2013-- Singapore Exchange (SGX) announced today the listing of an Indonesia Sovereign Bond ETF by Deutsche Asset & Wealth Management (DeAWM).
Called the DB Xtrackers II Market iBoxx ABF Indonesia Government UCITs ETF, its listing brings the total number of ETFs on SGX to 89, of which 12 are fixed income ETFs.
The ETF tracks the Markit iBoxx ABF Indonesia Government Index which covers sovereign Indonesia debt issued in domestic currency by the Indonesian central government. This is the first Indonesian sovereign debt ETF listed in Asia, thus adding to the diverse suite of fixed income ETFs that SGX currently has.
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Source: www.4-traders.com
DeAWM lists Indonesian sovereign bond ETF
July 10, 2013--Deutsche Asset & Wealth Management (DeAWM) has listed a new ETF linked to the Markit iBoxx ABF Indonesia Government Total Return (net of withholding tax) Index on the Singapore Exchange (SGX). The Index covers sovereign Indonesian debt issued in domestic currency (IDR) by the Indonesian central government.
“Long term, we are excited by Indonesia’s economic development. In the short term, we are encouraged by Indonesia’s pro-active response to rising inflation expectations and to maintain financial system stability in periods of heightened global financial market volatility. Market pricing adjusts very quickly to changing circumstances and market levels currently look compelling to long term investors,” said Chris Siniakov, head of fixed income, Asia.
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Source: The Asset
New Copper ETFs to Be Launched as China Copper Scrap Price Falls
July 10, 2013--Yet another investment bank is trying to muscle into the base metals ETF space, this time with a proposal to introduce physically backed copper, aluminum, zinc and nickel ETFs in Europe.
Swiss and Global Asset Management (AUM) wants to release these bad boys, since ETF Securities did it back in 2010 and 2011, but JPMorgan and BlackRock’s offerings are still pending.
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Source: MetalMiner
DB-Synthetic Equity & Index Strategy-Asia-Pac ETF+ Quarterly Directory-Q2 2013 ETPs
July 10, 2013-This document includes all Asia-Pacific listed exchange-traded funds (ETFs) and exchange-traded commodities (ETCs). The directory is organized by country and asset-class-related sub sections. Within each sub section it has been sorted by ETP issuer by alphabetical order and by AUM in descending order.
Numerous key information points per product have been included to enable readers to get an overview in their respective areas of interest. Among the key numeric information we include average daily turnover, assets under management, and cash flows (all in $US).
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Source: Deutsche Bank-Synthetic Equity & Index Strategy -Asia
BetaShares Selects Rabobank As Depositary for Cash ETF
July 10, 2013--BetaShares has selected Rabobank Australia to join its panel of authorised deposit-taking institutions for the BetaShares Australian High Interest Cash ETF.
The BetaShares Cash ETF is intended to provide "attractive and regular income distributions combined with a high level of capital security," according to Betashares. The assets of the ETF are invested in high interest bank deposit accounts with a panel of banks regulated by the Australian Prudential Regulation Authority (APRA).
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Source: Global Custodian
WisdomTree Pleased to Announce Six ETFs Have Filed Notifications With the Financial Services Agency of Japan (FSA)
July 9, 2013--WisdomTree Investments, Inc., an exchange-traded fund ("ETF") sponsor and asset manager, today announced that six of the company's ETFs as set forth below have filed a notification with the Financial Services Agency of Japan
and are now available for sale in Japan through Japanese securities companies.
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Source: MarketWatch
Regulators toughen rules on FX derivatives to curb rupee fall
July 9, 2013--India's regulators toughened rules for derivatives trading in the currency market in a bid to arrest the steep decline of the rupee, which fell to a record low against the dollar on Monday.
The Reserve Bank of India, in a notification issued late on Monday, banned banks from proprietary trading in domestic currency futures and the exchange-traded options market. (For the RBI notification
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Source: Reuters
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