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SSE 5-Year Credit Bond Index To Be Launched
March 8, 2013--Designed to serve as new investable benchmark for bond investors as well as to promote innovation of China bond market, CSI today announced the upcoming launch of SSE 5-Year Credit Bond index on Apr. 1 st 2013.
This index is composed of credit bonds trading in SSE whose corporate credit rating are AA grade or above ， term to maturity between 4 and 7 years and outstanding above 0.8 billion . The base date is December 31st, 2007. The base index is100
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Source: China Securities Index Co., Inc.
Japan economy grew in last quarter of 2012
March 8, 2013--Japan's economy did better than first thought in the last quarter of 2012, eking out a slight expansion instead of shrinking in a boost for Prime Minister's Shinzo Abe's policies to end two decades of deflationary stagnation.
The government Friday upgraded its annualized growth figure for the fourth quarter to 0.2 percent, suggesting the world's No. 3 economy is emerging from recession. The change raises growth for full-year 2012 to 2 percent from the originally recorded 1.9 percent. Growth was flat in October-December from the previous quarter. Preliminary data had reported a 0.4 percent contraction from a year earlier, and a 0.1 percent contraction from the previous quarter. The revision reflected higher than originally reported corporate spending and private consumption.
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Source: Today's Zaman
The People's Bank of China and the Monetary Authority of Singapore Announce New Bilateral Currency Swap
March 8, 2013--People's Bank of China (PBC) and the Monetary Authority of Singapore (MAS) today announced the establishment of a new and enhanced bilateral currency swap arrangement to promote bilateral trade and direct investment for the economic development of the two countries.
The new agreement was signed on 7 March 2013 and will replace the old swap arrangement dated 23 July 2010, which is expiring this year.
The new bilateral currency swap arrangement reinforces the co-operation between PBC and MAS to strengthen economic ties and foster financial stability.
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Source: Monetary Authority of Singapore
TSE-ETF/ETN Monthly Report for Feb 2013
March 6, 2013--Continued market vibrancy pushes average daily trading value past JPY 30 billion!
The ETF/ETN market continued to show great energy in February, driven by activity in Japanese stock price index ETFs.
The average daily trading value exceeded JPY 30 billion, up 25% from the previous month.
view the TSE ETF/ETN Monthly Report for Feb 2013
Source: Tokyo Stock Exchange (TSE)
Base prices and daily price limits for newly listed ETF
March 6, 2013--The base price, etc. of NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund (Code: 1577),
which are scheduled for initial listing on March 7, are as below.
NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund (Code: 1577) [Trading Unit: 1 units]
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Source: Tokyo Stock Exchange (TSE)
Easier rules on the anvil for public sector ETF manager
The Department of Disinvestment allows taxes to be charged to the scheme but freezes fee quoted for three years
March 6, 2013--The Department of Disinvestment has relaxed a key clause in the Request for Proposal inviting bids from asset management companies (AMCs) to manage a proposed exchange-traded fund (ETF) comprising public sector undertakings.
The government is planning to float this fund as an additional mechanism to divest its stakes in state-run companies. In a crucial relief to the asset managers, the bid document said: “All the applicable taxes, cess and duties can be charged to the scheme, as per Sebi (Securites and Exchange Board of India) regulations and any other applicable guidelines.”
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Source: Business Standard
TOPIX index futures trading hits a record high today
March 5, 2013--As of today, the trading volume of TOPIX index futures reached a record high of 643,443 contracts.
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Source: Tokyo Stock Exchange (TSE)
Indicative NAV published for new ETFs through the FLEX standard service
March 5, 2013--Beginning April 15, 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) listed on the Osaka Securities Exchange and Tokyo Stock Exchange.
1. Addition
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Source: Tokyo Stock Exchange (TSE)
SSE and CSI Dividend Return Index To be Launched
March 5, 2013---To further enhance the index family as well as to provide new analysis tools and underlying instruments for investors, SSE and CSI today announced that SSE Dividend Return Index and CSI Dividend Return Index to be launched on Mar 27, 2013.
Regarding the methodology and more details of the above indices, please refer to the official website of SSE (www.sse.com.cn) and CSI (www.csindex.com.cn).
Source: China Securities Index Co., Inc.
Real-time indicative NAV per share regarding 6 ETFs on OSE also distributed through TSE's FLEX Standard from April 15, 2013
March 5, 2013--From April 15, 2013 Osaka Securities Exchange Co., Ltd. (OSE) will shorten the interval of calculating and publishing the real-time indicative Net Asset Value per share from 15 seconds to 1 second, regarding 6 ETFs listed on OSE.
Also, Tokyo Stock Exchange, Inc. will start distributing it through FLEX Standard on the same day.
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Source: Osaka Securities Exchange (OSE)