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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
World Bank cuts China growth forecast
June 12, 2013--The World Bank has cut its growth forecast for China amid warnings of slower but more stable global growth over the coming months.
The bank now expects the China to grow 7.7% in 2013, down from its earlier projection of 8.4%.
It also cut the forecast for global economic growth to 2.2% from 2.4%
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Source: BBC
China approves two domestic gold-backed ETPs
The ETPs will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange
June 11, 2013--China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low.
Huaan Asset Management Co. and Guotai Asset Management Co. received the China Securities Regulatory Commission’s permission to start the funds, which will be denominated in yuan, said Liu Jianqiang and Li Yebin, spokesmen for Huaan and Guotai. They will be traded like stocks on the Shanghai Stock Exchange, tracking movements of spot gold on the Shanghai Gold Exchange, Liu and Li said separately by telephone from Shanghai.
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Source: MineWeb
OSE-About Open Interest for Nikkei 225 Options--Exceeding 5 million units-
June 10, 2013--Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the open interest for Nikkei 225 Options was 5,003,154 units (preliminary estimates) on June 7, exceeding 5 million units for the first time since the launch date, June 12, 1989.
It is due to the increase of needs for hedge trading taken in consideration of market fluctuation, and change in financial circumstances such as the shift from OTC trading (off-exchange trading) to exchange trading in order to minimize the counterparty risk as a tendency after Lehman Shock.
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Source: Osaka Securities Exchange Co., Ltd. (OSE)
India rupee in 'freefall' as hits record low vs dollar
June 10, 2013--India's rupee slid to a record low against the dollar Monday as dealers moved into the US currency following robust US jobs data and growing concern about the South Asian nation's struggling economy.
The partially convertible Indian currency traded at a new low of 57.77 rupees to the dollar, sweeping past its previous low of 57.32 rupees hit on June 28.
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Source: Bangkok Post
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