Harvest among nine firms handed QFII permits
December 18, 2012--A number of Hong Kong subsidiaries of Chinese fund houses became eligible. Hai Tong Asset Management (HK) was granted a QFII licence in ...
"As a group we have strong investment capabilities in managing domestic Chinese ... HGI received Rmb1.1 billion in the first batch of RQFII quotas and
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Source: Asian Investor
Australian ETF market hits all-time high in November
December 19, 2012--The Australian exchange-traded fund industry continued its upward trend reaching AUD6.3bn in assets under management,
an all-time industry high, at the end of November 2012, according to BetaShares’ Australian ETF Review for November.
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Source: BetaShares
East Asia and Pacific remains bright spot in difficult global landscape
Growth will maintain momentum for poverty reduction but considerable risks remain, says World Bank East Asia and Pacific Economic Update
December 19, 2012-- Economies of developing East Asia and Pacific remained resilient despite the lackluster performance of the global economy. The World Bank's latest East Asia and Pacific Economic Update released today, projects the region will grow at 7.5 percent in 2012, lower than the 8.3 percent registered in 2011, but set to recover to 7.9 percent in 2013.
With weak demand for exports from global markets, domestic demand has remained the main driver of growth for most economies of the region. The region’s economic performance in 2012, the report says, was affected by China’s economic slowdown.
view the East Asia and Pacific Economic Update, December 2012- Remaining Resilient
Source: World Bank
Indian gold ETF holdings now exceed $2.1 billion
India, despite its tradition of possessing physical gold, now has a new love, with gold ETF purchases soaring.
December 19, 2012--Investor demand for gold has not waned in India despite rising prices. Indians' love for gold has pushed the size of assets held through gold exchange traded funds (ETFs) to an all-time high of $2.1 billion (Rs 119 billion) in the country.
The surge in the asset size of gold funds continues even as the Indian government has taken steps to direct the flow of household savings into equity, mutual funds and other financial instruments.
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Source: MineWeb
Mirae to base ETF on S&P GSCI Cash Copper index
December 17, 2012--S&P Dow Jones Indices has licensed Mirae Asset Global Investments to create an ETF to be listed on the Korea Exchange based on the S&P GSCI Cash Copper, a commodity-based index which tracks the value of copper.
“We are proud to create the first physical copper ETF product in Asia Pacific region,” Joo Young Yun, head of the ETF division at Mirae Asset Global Investments, said. “Copper presents a highly noteworthy investment proposition, and we are delighted to be able to offer it to our clients in an easily investable form. We are also proud to be able to do this with S&P Dow Jones Indices, whose commodity indices are widely known and followed.”
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Source: ETFI
Yen Hits 20-month Low After Election
December 17, 2012-The yen dropped to a 20-month low against the U.S. dollar on Monday after Japan's Liberal Democratic Party won a landslide election victory that leaders promise will usher in aggressive monetary easing policies to weaken the currency.
Former prime minister Shinzo Abe returns to power with the LDP's victory. He campaigned on a platform to boost the moribund economy with hyper-easy monetary policy and big fiscal spending to beat deflation, a recipe for weakening the yen that gives Tokyo an export advantage in the international markets.
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Source: CNBC
DB-Synthetic Equity & Index Strategy-Asia-Asia-Pac ETF+ Monthly Directory-November 2012 ETPs
December 17, 2012--This document includes all Asia-Pacific listed exchange-traded funds (ETFs) and exchange-traded commodities (ETCs). The directory is organized by country and asset-class-related sub sections.
Within each sub section it has been sorted by ETP issuer by alphabetical order and by AUM in descending order. A number of key information points per product have been included in order to enable the reader to get an overview in their own area of interest. Among the key numeric information we include avg. daily turnover, assets under management, and cash flows (all in $US).
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Source: Deutsche Bank -Synthetic Equity & Index Strategy-Asia
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM up by 44% above last year closing
December 17, 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) +2.21%
Korea (KOSPI2) +2.23%
China (CSI 300) +4.86%
Hong Kong (HSI) +1.87%
Singapore (FSSTI) +1.97%
Australia (S&P/ASX 200) +0.69%
New Product Launch Review
There was no new ETP listing in the last week.
Turnover Review
Asia-Pacific ETP turnover totaled $9.7bn last week, 14% up from the previous week’s total. Hong Kong remains at the top of the turnover ranking with $3.4bn turnover, followed by South Korea ($2.6bn), China ($2.4bn), Japan ($0.8bn), and Taiwan ($0.3bn). Among Equity ETFs, the Emerging Country, Asia-Pacific Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnovers of $6bn, $1.4bn, $1.1bn, and $0.6bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $90mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $4.1bn and ended at $131.8bn. On a year-to-date basis, Asia-Pacific ETP market is up by $40.3bn or 44% above last year’s closing.
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Source: Deutsche Bank -Synthetic Equity & Index Strategy --Asia
Adjustment List for SSE 180, SSE 50, SSE 380 and Other SSE Indices
December 17, 2012--The following adjustment will be effective on the first trading day in 2013.
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Source: China Securities Index Co.
BlackRock Appoints Julia Lee as Head of Hong Kong Retail
December 17, 2012--BlackRock, Inc. (NYSE: BLK) today announced that Julia Lee will join the firm as Director and Head of Retail Distribution in Hong Kong.
The appointment comes as BlackRock develops an integrated Asian retail team to lead investors and distributors through the changing investment landscape.
Reporting to Heather Pelant, Head of Retail and Private Bank Distribution for Hong Kong, Singapore and Southeast Asia, Ms Lee will be responsible for growing BlackRock’s Hong Kong retail distribution business, encompassing both mutual funds and ETFs. Ms Lee joins from ING Investment Management where she has been working as Head of Wholesale and Business Development in Hong Kong.
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Source: BlackRock
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