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Calculation of TOPIX and Other Indices in Relation to Equity Market Consolidation
January 30, 2013--Tokyo Stock Exchange, Inc. (TSE) announced today how indexes currently calculated by the TSE and Osaka Securities Exchange Co., Ltd. (OSE)
will be calculated upon the merger of the TSE and OSE cash markets scheduled for July 2013.
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Source: Tokyo Stock Exchange (TSE)
SSE Credit Bond 100 Index To Be Launched
January 30, 2013--Designed to serve as two new investable benchmarks for bond investors as well as to promote innovation of China bond market, CSI today announced the upcoming launch of SSE Credit Bond 100 Index on Feb. 26th 2013.
This index is composed of credit bonds trading in SSE whose credit rating are AA grade or above ，term to maturity above 1 year and outstanding above 0.8 billion. The base date is December 31st, 2007. The base index is 100.
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Source: Shanghai Stock Exchange (SSE)
TSE has published the index value of TSE Home Price Index for November.
January 29, 2013--The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 76.81 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 80.06 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 77.50 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 67.91. The index value of TSE Home Price Index (Used Condominium, Saitama) is 65.62 points.
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Source: Tokyo Stock Exchange (TSE)
China stands on threshold of gold ETF introduction
Provisional rules for the introduction of gold ETFs have been announced in China. January 28, 2013--China Securities Regulatory Commission (CSRC) has published provisional rules for the operation of gold ETFs,, which pave the way for introduction of gold ETFs into China's financial markets.
China Daily quoted an official from the CSRC Saturday who said that there is no specific timetable for the listing of gold ETFs in China.
The move is part of the Chinese Central Government’s effort to promote the development of China’s gold and capital market. China is the world’s largest gold producer and consumer according to the China Gold Association.
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Source: MIneWeb
Japan forecasts 2.5% growth in 2013
January 28, 2013--Japan on Monday said the world's number three economy was on track to expand 2.5 percent in the fiscal year starting in April, thanks to fresh stimulus and a recovery in overseas markets.
Prime Minister Shinzo Abe's cabinet approved the forecast -- higher than an estimate of one-percent growth for the current year to March -- on Monday morning, government officials said.
The estimate is slightly higher than those from economists who have also upped their outlook on the back of a weaker yen and new stimulus measures, Dow Jones Newswires reported.
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Source: FIN24
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review - ETP AUM lost $1.5bn amid mixed equity markets
January 28, 2013--Market Review
Last week, the Asia-Pacific region had mixed markets. Compared to the week before, from north to south:
Japan (Nikkei 225) +0.12%
Korea (KOSPI2) -2.16%
China (CSI 300) -0.92%
Hong Kong (HSI) -0.09%
Singapore (FSSTI) +1.81%
Australia (S&P/ASX 200) +1.34%
New Product Launch Review
Since the start of the year, three new products have been launched in the Asia-Pacific ETP market. China Asset Management listed one equity ETF on Shanghai Stock Exchange tracking CSI 300. In addition, Mirae Asset MAPS Global Investments and Samsung Asset Management listed one equity ETF each on Korea Stock Exchange tracking FnGuide Beta Plus Index and FSTE China A50 Index respectively. (See Figure 4 for further details)
Turnover Review
Asia-Pacific ETP turnover totaled $12.1bn last week, 1% up from the previous week’s total. South Korea reached on the top of the turnover ranking with $4bn turnover, followed by China ($3.2bn), Hong Kong ($2.8bn), Japan ($1.7bn), and Taiwan ($0.2bn). Among Equity ETFs, the Emerging Country, Leveraged Strategy, Asia-Pacific Developed Country, and Short Strategy ETFs had total turnovers of $6.7bn, $2.1bn, $2bn, and $0.9bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $83mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM decreased by $1.5bn and ended at $139.3bn. On a year-to-date basis, Asia-Pacific ETP market is up by $2.5bn or 1.9% above last year’s closing.
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Source: Deutsche Bank -Synthetic Equity & Index Strategy-Asia
Credit Suisse, Morgan Stanley to Trade China Stock Index Futures
January 27, 2013--Credit Suisse Group AG (CS) and Morgan Stanley (MS) are among five foreign investors approved to trade stock index futures on the China Financial Futures Exchange.
Credit Suisse is one of the Qualified Foreign Institutional Investors, also known as QFIIs, that obtained permits to trade the instruments, Josephine Lee, a Hong Kong-based spokeswoman at the bank, said by phone today. Morgan Stanley was also selected, a person with direct knowledge of the matter said, asking not to be identified because the information isn’t public.
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Source: Bloomberg BusinessWeek
China to introduce gold exchange-traded funds
January 26, 2013--China's securities regulator has published provisional rules for the operation of gold exchange-traded funds (ETF), paving the way for introducing such business into the country's financial market.
There is no specific timetable yet for the listing of gold ETFs, or mutual funds traded on stock exchanges that track the price of gold and have most of their assets invested in gold, according to an official from the China Securities Regulatory Commission (CSRC).
Authorities need to thoroughly study how to regulate gold ETFs in order to protect investors' interests in such new products, Xinhua quoted the official as saying.
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Source: Zeebiz
India Raises Gold Import Tax to Moderate Demand
January 25, 2013-- India has raised taxes on gold imports to dampen the country's huge appetite for the yellow metal. The country's massive imports of gold-the highest in the world-are straining India's finances.
Shobha Dhir will marginally cut back on the gold jewelry she plans to make for her daughter’s wedding later this year. Prices of the precious metal jumped by 13 percent last year, and a recent hike in taxes on imported gold will make the earrings, bangles and necklaces she plans to buy even more expensive.
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Source: VOA
China Approves 5 Foreign Banks as First Batch of QFIIs to Trade Stock Index Futures-Sources
January 25, 2013--China has approved five foreign banks as the first batch of international investors to trade the country's stock index futures, people familiar with the situation said Friday, in a widely anticipated move that for the first time offers a tool for such investors to hedge against share price fluctuations.
The five banks, which are members of China's so-called Qualified Foreign Institutional Investors scheme, include Morgan Stanley ( MS ), UBS AG ( UBS ) and BNP Paribas, said the people, who declined to be named.
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Source: NASDAQ OMX