Thai bourse lists ThaiDEX SET100 ETF on February 21
February 19, 2013--The Stock Exchange of Thailand (SET) will list ThaiDEX SET100 ETF, managed by One Asset Management Limited, on its main board on February 21, under the ticker symbol "TH100."
TH100, an open-end exchange-traded fund (ETF), will track the movement of the
SET100 Index (SET100), calculated from the stock prices of the top 100 listed
companies on SET in terms of market capitalization, high liquidity and
compliance with requirements regarding distribution of shares to minor
shareholders.
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Source: Stock Exchange of Thailand (SET)
MCX-SX announces incentives to boost liquidity
February 19, 2013--MCX-SX has announced incentive schemes to brokers, market makers and investors to improve liquidity on its platform.
The liquidity enhancement scheme (market-making) in its equity (cash) and equity derivatives segments starts on March 6.
All participants providing a daily volume of up to Rs 200 crore in the equity segment will be entitled to an incentive of Rs 600 for one crore. Those who provide higher liquidity will be compensated at Rs 850 per crore.
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Source: Hindu Business Line
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM reduced marginally amid bullish equity markets
February 18, 2013--Market Review
Last week, all the major markets in the Asia-Pacific region remained in positive territory. Compared to the week before, from north to south:
Japan (Nikkei 225) +0.19%
Korea (KOSPI2) +1.76%
Hong Kong (HSI) +0.99%
Singapore (FSSTI) +0.39%
Australia (S&P/ASX 200) +1.26%
Stock exchanges in China remained closed during last week due to Chinese New Year holidays.
New Product Launch Review
There was no new ETP listing in the last week.
Turnover Review
Asia-Pacific ETP turnover totaled $4.8bn for the last week, 64% down from the previous week’s total due to the holidays in most of the major markets (China, Hong Kong, Taiwan, Japan, South Korea, Singapore). South Korea reached on the top of the turnover ranking with $2.5bn turnover, followed by Japan ($1.3bn), Hong Kong ($0.7bn), and Australia ($0.1bn). Among equity ETFs, leveraged long, Asia-Pacific developed country, emerging country, and short ETFs had total turnovers of $1.4bn, $1.3bn, $1.2bn, and $0.6bn respectively. Among the commodity asset class, turnover in gold ETPs totaled $88mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM decreased by $0.5bn and ended at $139.4bn. On a year-to-date basis, Asia-Pacific ETP market is up by $3.4bn or 2.5% above last year’s closing.
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Source: Deutsche Bank - Synthetic Equity & Index Strategy - Asia
China Breeze-Midpoint in the cyclical rally
February 18, 2013--Liquidity has been the major driver of the H-share rally so far. MSCI China has rallied 22% since September 2012, with P/E ratio expansion (from 8.7x to 10.4x) contributing 19%, and EPS upgrade the remaining 3%.
We see sufficient liquidity continues to enter the market. In China, January total social finance (TSF) reached a record high of Rmb2.54 trillion (up 160% YoY). In the Hong Kong stock market, the past three months’ inflow to China funds has been the strongest in decades.
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Source: Mirae Asset Securities (HK) - Global Research Center
Clarity sought on ETF sec-lending in Malaysia
February 18, 2013--CIMB-Principal and HSBC want to learn if ETF managers/custodians can share fee revenue from sec-lending.
Confirmation from the regulator could unleash a wave of securities for lending.
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Source: Asian Investor
BetaShares Australian ETF Review-January 2013
February 18, 2013--The Australian exchange traded fund market is edging towards $7 billion in assets under management in what has been a great start to the year for the industry.
The industry hit a new record high of $6.8 billion as at the end of January 2013 according to BetaShares’ Australian ETF Review for January.
January represents the fourth month in a row the industry has achieved record highs with 5.9% market capitalisation growth and new inflows of approximately $110 million for the month. The best exchange traded products by performance for the month were platinum followed by US and global international equities products.
As well as the positive inflow activity, this month also saw exchange traded fund trading values up 12%, reinforcing the increasing levels of market conviction by investors. Another indicator of increasing investor risk appetite was that all exchange traded funds in the top 10 by net inflows were equities based, the first time ever for the BetaShares Australian ETF Review.
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Source: BetaShares
More ETFs likely for year ahead
February 18, 2013--February 18, 2013--The expected launch of exchange traded funds (ETFs) tied to commodities in China later this year will be a major milestone for the country's capital market and one that will likely prove popular with investors, according to analysts.
At present, there are 12 ETFs trading on the Shanghai Stock Exchange (SSE) with 40.8 billion yuan ($6.54 billion) in combined net assets, data from the exchange show.
According to analysts, China's ETF market is set to become more diversified this year as new products, including bond-backed and gold-backed ETFs, are expected to make their debuts over the coming months. All of the ETFs currently trading on the Chinese mainland are tied to publicly-traded equities and stock indices
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Source: People's Daily Online
World Gold Council: China Likely to Launch First Gold ETF This Year
February 17, 2013--The World Gold Council forecasts that China is likely to introduce the first gold exchange-traded fund product this year, a move to stimulate gold demand in the nation.
Analysts said that the launch of gold ETF products will play a vital role in the opening-up of China’s gold market. Data shows that Chinese gold investment demand has surged from 15 metric tons in 2006 to 274 metric tons in 2012.
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Source: China Financial Scope
India's central bank relaxes gold deposit scheme rules
The Reserve Bank of India has relaxed rules on gold deposit scheme offered by banks by allowing the lenders to offer the product with lesser maturity.
February 15, 2013--India's central bank has relaxed rules on gold deposit scheme offered by banks by allowing the lenders to offer the product with lesser maturity.
The Reserve Bank of India said in a release on Thursday that banks can offer gold deposits maturing in 6 months to 7 years period compared with 3 years to 7 years earlier. The central bank also said the banks do not need to obtain its approval for floating such schemes.
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Source: MineWeb
New ETF to be Listed on Mar. 7, 2013 (Thu.)-Nomura Asset Management Co., Ltd. "NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund"
February 14, 2013--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF managed by "Nomura Asset Management Co., Ltd.". The ETF will be listed on Thursday, March 7, 2013.
Code: 1577 (ISIN JP3047560002)
Name: NEXT FUNDS Nomura Japan Equity High Dividend 70 Exchange Traded Fund
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Source: Tokyo Stcok Exchange (TSE)