DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM added $3bn amid bullish equity markets
December 11, 2012--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) +0.86%
Korea (KOSPI2) +1.78%
China (CSI 300) +5.01%
Hong Kong (HSI) +0.73%
Singapore (FSSTI) +1.21%
Australia (S&P/ASX 200) +1.01%
New Product Launch Review
Last week, two new products were launched in the Asia-Pacific ETP market. Simplex Asset Management Co Ltd listed two equity ETFs on Tokyo Stock Exchange tracking HSCEI Leveraged Index and HSCEI Short Index.
Turnover Review
Asia-Pacific ETP turnover totaled $8.5bn last week, 16% up from the previous week’s total. Hong Kong reached top of the turnover ranking with $3.2bn turnover, followed by South Korea ($2.1bn), China ($2.0bn), Japan ($0.6bn), and Taiwan ($0.3bn). Among Equity ETFs, the Emerging Country, Asia-Pacific Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnovers of $5.1bn, $1.3bn, $1.0bn, and $0.5bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $138mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $3.1bn and ended at $127.7bn. On a year-to-date basis, Asia-Pacific ETP market is up by $36.2bn or 39.6% above last year’s closing.
request report
Source: Deutsche Bank -Synthetic Equity & Index Strategy --Asia
Authorization of the Merger of Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co., Ltd. etc.
December 11, 2012--Today (December 11, 2012), the Financial Services Agency (FSA) authorized Osaka Securities Exchange Co., Ltd. (OSE) to merge with Tokyo Stock Exchange Group, Inc. (TSEG) and be the surviving company on January 1, 2013, under the provisions of Article 135-1 of the Financial
Instruments and Exchange Act (FIEA) (OSE is going to change its trade name to “Japan Exchange Group, Inc.”(JPXG)).
view more
Source: FSA.gov.jp
Adjustment Made to the Sample Stocks for SZSE Component Index, SZSE 100 Index and CNINFO 100 Index
December 10, 2012--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. recently jointly announced to implement periodical adjustment to the sample stocks of SZSE Component Index, SZSE SME Index and ChiNext Indices, etc.
Meanwhile, Shenzhen Securities Information Co., Ltd. also announced to adjust the sample stocks for trans-market CNINFO Indices, such as CNINFO 100 Index. The adjustment will come into effect as of the 1st trading day of January, 2013.
In the adjustment, SZSE Component Index will adjust 4 sample stocks, taking in Hikvision, Gold Mantis, China Merchants Property and Goertek and removing China Marine Containers, Goldwind, CSG and Angang Steel as sample stocks; SME Indices will adjust 8 sample stocks, taking in stocks including Western Securities, Beingmate, and removing stocks including New Sea Union, Qiming Information as sample stocks; ChiNext Indices will adjust 5 sample stocks, taking in stocks including Hybio Pharmaceutical, Ourpalm, and removing Flush, Avcon and other 3 stocks as sample stocks; SZSE 100 Index will adjust 8 sample stocks, taking in stocks including Kelun Pharmaceutica, Originwater, removing stocks including COFCO, Angang Steel as sample stock. CNINFO 100 Index will adjust 8 sample stocks, taking in stocks including GF Securities, Guangzhou Pharmaceutical, Shanxi Xinghuacun Fen Wine, removing stocks including Angang Steel, China Baoan, China COSCO as sample stocks.
view more
Source: Shenzhen Stock Exchange
Delisting Announcement-Lyxor ETF INDIA (S&P CNX NIFTY) (Stock Code: FC6)
December 6, 2012--Delisting of the Lyxor ETF India (S&P CNX NIFTY)(the "absorbed ETF") from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 7 December 2012 due to the merger of the absorbed ETF into the Lyxor ETF MSCI India (Stock Code: G1N)(the "absorbing ETF")(collectively, the "ETFs")
Further to the previous announcements dated 22 October 2012 and 22 November 2012, Lyxor International Asset Management, as the manager of the ETFs (the “Manager”), hereby announces that units of the absorbing ETF will be credited to the relevant investors’ accounts with the CDP or CDP depository agent (as the case may be) by 9 a.m. Singapore time on 7 December 2012. Investors can trade their new units of the absorbing ETF on SGX-ST from 7 December 2012.
view more
Source: Lyxor
China Macro-No more fiscal bullets,, but more quasi-fiscal bullets
December 6, 2012--The National People's Congress approved a fiscal deficit of Rmb800bn for this year. At first glance, this deficit appears to suggest a tightened fiscal position.
But in reality, the underlying fiscal deficit this year could amount to Rmb1.37tn − 70% more than the headline deficit figure of Rmb800bn and double the size of 2011. In our view, despite the very ambitious underlying annual deficit figure for 2012, the bullets remaining for 4Q12 are limited as expenditure has been front-loaded and revenue has been underperforming. Going forward, fiscal easing will likely rely less on budget financing and more on the non-banking financial sector (i.e. quasi-fiscal measures), which could expose vulnerabilities in the bond and the trust markets.
read more
Source: Rappler
2012 List of Shariah-compliant Securities by SC's Shariah Advisory Council
November 30, 2012--SC's Shariah Advisory Council has published the List of Shariah-compliant Securities.
view more
Source: Securities Commission Malaysia
Economic growth declines to 5.3% in July-Sept quarter
November 30, 2012--The Indian economy grew by 5.3 per cent in the July-September period of the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture sectors, showing persistent signs of slowdown.
The gross domestic product ( GDP) had expanded by 6.7 per cent in the same period of last fiscal.
It had grown by 5.5 per cent in the first quarter (April-June) of 2012-13.
view more
Source: Times of India