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)
China to launch offshore renminbi fund
May 15, 2013--China is set to push its currency deeper into global capital markets with the launch of the country's first-ever privately managed fund that invests in offshore renminbi assets.
Highland Capital Management, a newly formed company backed by the Yunnan provincial government, is seeking to raise up to Rmb15bn ($2.4bn) in its first fund and will focus on investments in southeast Asia.
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Source: FT.com
Akshaya Tritiya hard sell boosts gold ETF trade 14%
Amidst liquidation of gold exchange traded funds in the global markets, Indian investors went on a buying spree with exchanges recording 14% jump in trade in one day.
May 15, 2013--Bourses in India pulled out all the stops to attract investors to gold Exchange Traded Funds on the occasion of the Akshaya Tritiya festival, by waiving off charges and extending trading hours.
It is considered auspicious to buy gold on Akshaya Tritiya. Exchanges and fund houses said they were looking to cash in on the opportunity by hard-selling gold ETFs, since many Indian investors had redeemed their ETFs since the start of the year.
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Soure: Mineweb
ETF investor growth overshadows adviser usage
May 14, 2013--The number of Australian investors using exchanged-traded funds (ETF) grew rapidly in 2012 and that growth was expected to be mirrored in 2013, but the rise in adviser usage was minimal in comparison, according to an ETF report released yesterday.
The “BetaShares/Investment Trends ETF Report” found there were an estimated 69,500 ETF investors at the end of 2012, an increase of 15 per cent on the previous year. The number of investors was tipped to hit 79,000 by the end of this year, the report found.
If the midpoint of the forecasts were achieved, that would represent a 13 per cent increase for 2013.
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Source: Financial Observer
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP assets breaches $150bn after weekly inflows of $3.8bn
May 14, 2013--Market Review
Last week, all the major markets in the Asia-Pacific region remained in positive territory except Korea. Compared to the week before, from north to south, Japan (Nikkei 225) appreciated by 6.67%, Korea (KOSPI2) slid by 1.29%, China (CSI 300) was up by 1.92%, Hong Kong (HSI) rose by 2.78%, Singapore (FSSTI) increased by 2.19%, and Australia (S&P/ASX 200) advanced by 1.49%.
New Product Launch Review
Last week, seven new products were launched in the Asia-Pacific ETP market. China Asset Management listed five sector ETFs (510660 CH, 510650 CH, 510630 CH, 510620 CH & 510610 CH) on the Shanghai Stock Exchange focused on China’s healthcare, financials, consumer staples, materials and energy sectors respectively. Simplex Asset Management listed two strategy based equity ETFs (1579 JP & 1580 JP) on the Tokyo Stock Exchange providing leveraged long and short exposure on Nikkei 225 Index respectively.
ETP Weekly Cash Flows
The total Asia-Pacific ETP flows from all products experienced +$3.8bn (+2.6% of AUM) of healthy inflows during last week vs. -$147mn (-0.1%) of outflows the previous week, setting the YTD weekly flows average at +$300mn (+$5.7bn YTD in total cash flows). Equity ETFs recorded inflow of +$3.7bn while fixed income ETFs registered inflows of +$122mn. ETPs offering exposure to Japan registered massive inflows of +$4.1bn, while China and Hong Kong registered outflow of -$148mn and -$134mn respectively. Leveraged long equity ETFs also experienced outflows of -$160mn over the last week.
Turnover Review
Asia-Pacific ETP turnover totaled $12.3bn for the last week, 89.5% up from the previous week’s total. South Korea continued to be on the top of the turnover ranking with $3.6bn turnover, followed by Japan ($3.1bn), China ($2.9bn) and Hong Kong ($2.3bn). Among equity ETFs emerging country, leveraged long, Asia-Pacific developed country, and short ETFs had total turnovers of $4.9bn, $2.9bn, $2.2bn, and $0.7bn respectively. Among the commodity asset class, turnover in gold ETPs totaled $103mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $6.4bn, and ended at $151.9bn. On a year-to-date basis, Asia-Pacific ETP market is up by $15.9bn or 11.7% above last year’s closing.
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Source: Deutsche Bank - Synthetic Equity & Index Strategy - Asia
JPX Group and Nikkei Agree on Joint Development of New Index
May 14, 2013--Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. (JPX Group) and Nikkei Inc. (Nikkei) have agreed to jointly develop a new stock price index for the purpose of contributing to the further development and vitality of the Japanese securities market
on the occasion of the merger of the Tokyo and Osaka equity markets.
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Source: Tokyo Stock Exchange
TSE-ETF/ETN Monthly Report for Apr 2013
May 9, 2013--Monthly trading value surged past previous market record with over 50% monthly gain!
The ETF/ETN market remained robust in April with monthly trading value surging past the record since market launch to 1,290 billion yen.
Intraday value also surpassed the 100 billion yen mark for the first time, reaching 124.1 billion yen on April 5.
Huge fluctuations in gold prices this month led to a large increase in the trading of ETF tracking the metal. "SPDR® Gold Shares (1326)," "Gold-Price-Linked Exchange Traded Fund (1328)," and "Japan Physical Gold ETF (1540)" showed monthly gains of 403%, 271%, and 145% respectively.
view the TSE-ETF/ETN Monthly Report for Apr 2013
Source: TSE (Tokyo Stock Exchange)
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