TSE has published the index value of TSE Home Price Index for September
TSE has published the index value of TSE Home Price Index for September on November 27, 2012--The index value of TSE Home Price Index (Used Condominium,Composite of Tokyo Metro Area) is 76.71 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 80.16
points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 77.57 points.
The index value of TSE Home Price Index (Used Condominium, Chiba) is 65.78. The index value of TSE Home Price Index (Used Condominium, Saitama) is 66.04 points.
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Source: Tokyo Stock Exchange
IMF Working paper-Is China Over-Investing and Does it Matter?
November 27, 2012--Summary:
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds that China's capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment over the last decade.
Moreover, its investment is significantly higher than suggested by cross-country panel estimation. This deviation has been accumulating over the last decade, and at nearly 10 percent of GDP is now larger and more persistent than experienced by other Asian economies leading up to the Asian crisis. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against dependency on external funding. But this does not mean that the cost is absent. Rather, it is distributed to other sectors of the economy through a hidden transfer of resources, estimated at an average of 4 percent of GDP per year.
view the IMF Working paper-Is China Over-Investing and Does it Matter?
Source: IMF
HK warns Asia over financial reforms
November 27, 2012--Asian institutions would be "unbelievably stupid" to ignore the mistakes of western finance in their own regulation, Hong Kong's lead market regulator warned on Tuesday.
Ashley Alder, chief executive of the Securities and Futures Commission (SFC), said Asian regulators and the finance industry must engage with global regulatory reform to ensure that their own financial systems could develop smoothly and to protect regional interests.
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Source: FT.com
CIC slams US regulation, accuses SEC of blackmail
November 27, 2012--Jin Liqun, chairman of the supervisory board at the Chinese sovereign wealth fund, takes a sledgehammer to the excesses of US financial regulation at a conference in Mumbai.
Jin Liqun, the man at the helm of China’s $410 billion sovereign wealth fund China Investment Corporation (CIC), has emerged as a standard bearer for libertarian free-market principles.
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Source: Asian Investor
BetaShares launches Equity Yield Maximiser Fund
November 27, 2012--In a declining interest rate environment, where investors are finding it increasingly difficult to rely upon traditional exposures to cash, to cash, bonds or equities to deliver adequate income with reduced levels of volatility, BetaShares has launched a new managed fund on ASX aimed at filling this gap.
BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund) trades under the ASX Code “YMAX”.
The Fund is designed to provide investors with exposure to a portfolio of blue-chip Australian shares, while providing an attractive income yield, paid quarterly, that exceeds the dividend yield of the portfolio of underlying shares alone. In addition, the Fund aims to provide lower overall volatility than the underlying share portfolio alone.
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Source: BetaShares
First ETFs Tracking Platinum and Silver Prices to Debut at HKEx
November 27, 2012--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the pending listing tomorrow (Wednesday) of three precious metals-related Exchange Traded Funds (ETFs) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, including the Exchange's first silver and platinum ETFs.
The ETFs will be the first three launched by ETF Securities (Hong Kong) Limited, or ETFS, on the Exchange. All three ETFs - ETFS Physical Gold ETF (Stock code: 2830), ETFS Physical Silver ETF (Stock code: 3117) and ETFS Physical Platinum ETF (Stock code: 3119) are designed to track the London benchmark prices of the respective metals.
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Source: Hong Kong Exchanges and Clearing Limited (HKEx)
DB-Synthetic Equity & Index Strategy-Asia-Pac Weekly ETF Market Review-ETP AUM added $3bn amid bullish equity markets
November 26, 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) +3.80%
Korea (KOSPI2) +3.28%
China (CSI 300) +0.71%
Hong Kong (HSI) +3.57%
Singapore (FSSTI) +1.48%
Australia (S&P/ASX 200) +1.76%
New Product Launch Review
Last week, one new product was launched in the Asia-Pacific ETP market. Krung Thai Asset Management listed one equity ETF on Thailand Stock Exchange tracking Set Banking Sector Index.
Turnover Review
Asia-Pacific ETP turnover totaled $6.8bn last week, 0.7% down from the previous week’s total. South Korea continued to top the turnover ranking with $2.2bn, followed by Hong Kong ($1.9bn), China ($1.4bn), Japan ($0.9bn), and Taiwan ($0.2bn). Among Equity ETFs, the Emerging Country, Asia-Pacific Developed Country, Leveraged Strategy, and Short Strategy ETFs had total turnovers of $3bn, $1.6bn, $1.2bn, and $0.5bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $94mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $3bn and ended at $124.4bn. On a year-to-date basis, Asia-Pacific ETP market is up by $32.9bn or 35.9% above last year’s closing.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Asia
Adviser ETF sentiment slowly changing
November 26, 2012--Some financial advisers who regarded the growth of exchange-traded funds (ETFs) as cyclical are starting to change their position, according to a report published by ETF Consulting.
ETF Consulting's Australian ETF Outlook reported anecdotal evidence that some advisers are realising that the rise of these products could represent a permanent structural, rather than cyclical, change.
According to the report, the so-called "ETF debate" polarised the financial advice industry into two distinct camps.
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Source: Money Management
ETF Securities (HK) Ltd Set to List Three Precious Metal ETFs for Asian Investors
November 26, 2012--Important:
The ETFS Physical Gold ETF, the ETFS Physical Silver ETF and the ETFS Physical Platinum ETF (each the "Fund") are exchange traded funds to be listed on The Stock Exchange of Hong Kong Limited (the "SEHK").
Each Fund's investment objective is to provide investment results, before fees and expenses, that closely correspond to the performance of the London PM Fix for gold, London Fix for silver and London PM Fix for platinum (the "Benchmark") respectively.
Prices of physical precious metals are highly volatile and may fluctuate widely and may be affected by numerous events or factors related to its production and sale and other financial market factors. As the Fund is concentrated in physical precious metal, it is more susceptible to the effects of such price volatility than more diversified funds. Investment in the Fund may therefore be subject to losses and, in the worst case scenario, you may lose all of your investment.
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Source: ETF Securities Group
Shenzhen Stock Exchange Component EW Index, SME-CHINEXT 100 EW Index And CNINFO-CEI GDP Index Are Launched Today
November 23, 2012--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly announced on November 23, 2012 to issue SZSE Component EW Index(Abbreviation: SZSE Component EW, Code: 399659), SME-CHINEXT 100 EW Index (Abbreviation: SME-CHINEXT EW, Code: 399660), CNINFO-CEI GDP Index (Abbreviation: CNINFO-CEI GDP, Code: 399399).
Respectively taking SZSE Component Index and SME-CHINEXT 100 Index that have been launched as their parent indices, SZSE Component EW Index and SME-CHINEXT 100 EW Index are equal weighted calculated. Together with such equally weighted indices as SZSE 100 EW, SZSE 300 EW, SME EW and CHINEXT EW, the newly issued indices provide more diverse indexation investment targets for the market.
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Source: Shenzhen Stock Exchange
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