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TSE ETF/ETN Monthly Report for Aug 2012
Trading value of precious metal ETFs increased in August
September 11, 2012--In August, the ETF/ETN market saw a significant increase in the trading value of precious metal ETFs. In particular, "Japan Physical Gold ETF (1540)", "Japan Physical Platinum ETF (1541)",
"Japan Physical Silver ETF (1542)", and "Japan Physical Palladium ETF (1543)" are in the top 20 in terms of the rate of increase in monthly trading value. These four ETFs make up the Fruit of Gold series which are vaulted locally in Japan. "ETFS Physical Silver (1673)" and "ETFS Physical Gold (1672)" also came in first and fourth respectively in the same rankings.
August saw gains in domestic-demand related stocks pushing the "TOPIX-17 FOODS" index to renew its record high for the year. In line with this, "NEXT FUNDS TOPIX-17 FOODS ETF (1617)", which aims to track such index, ranked second in terms of the rate of increase in monthly trading value.
"ETFS Natural Gas (1689)" continued to show the highest historical volatility (30-day volatility).
view the TSE ETF/ETN Monthly Report for Aug 2012
TSE to Begin Calculating and Publishing Currency Hedged Indices with Daily Hedging
september 10, 2012--The Tokyo Stock Exchange has been calculating and publishing the TOPIX Total Return Euro Hedged Index since January 2011 to satisfy market demand for TOPIX index values hedged in Euros, and will now begin calculating and publishing a version of the same index with daily currency hedging.
The TOPIX Total Return Euro Hedged Index is calculated by hedging beginning-of-period balances using rolling one-month EUR-JPY currency forward contracts. The forward contract amount is rebalanced monthly in the TOPIX Total Return Euro Hedged Index, but will be rebalanced daily in the TOPIX Total Return Euro Daily Hedged Index. Both indexes use a hedge ratio of 100%, and calculation is based on a methodology developed by S&P Dow Jones Indices.
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[Overview of the TOPIX Total Return Euro Daily Hedged Index].
Stalling China chills Japan and S Korea
September 10, 2012--Japan slashed its second-quarter growth estimate on
Monday while South Korea unveiled a fresh round of fiscal stimulus, underscoring the vulnerability of both
economies to a slowdown in China, their most important trading partner.
A slew of weak Chinese numbers on Monday and over the weekend confirmed that the world’s second-largest economy is itself suffering from muted demand in the US and Europe, and is struggling to find the right policy measures to address it, ahead of a once-in-a-decade
leadership transition later this year.
BD-Global Equity Index and ETF Research-Asia-Asia-Pac ETF Market Weekly Review:ETP AUM added $2bn amid bullish equity markets
September 10, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in positive territory except Singapore.
Compared to the week before, from north to south:
Japan (Nikkei 225) +0.36%
Korea (KOSPI2) +1.38%
China (CSI 300) +5.09%
Hong Kong (HSI) +1.64%
Singapore (FSSTI) -0.45%
Australia (S&P/ASX 200) +0.23%
New Product Launch Review
There was no new ETP listing in the last week.
Turnover Review
Asia-Pacific ETP turnover totaled $6.6bn last week, 19.3% up from the previous week’s total. South Korea continued to top the turnover ranking with $3bn, followed by China ($1.6bn), Hong Kong ($1bn), Japan ($0.5bn), and Australia ($0.1bn). Among Equity ETFs, the Emerging Country, Leveraged Strategy, Short Strategy, and Asia-Pacific Developed Country ETFs had total turnovers of $3bn, $1.5bn, $0.8bn, and $0.8bn respectively. Among the Commodity asset class, turnover in Gold ETPs totaled $138mn.
Assets under Management Review
Last week, Asia-Pacific ETP AUM increased by $2bn and ended at $115.1bn. On a year-to-date basis, Asia-Pacific ETP market is up by $23.6bn or 25.8% above last year’s closing.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/525-27C5/90154007/Asia-Pac_ETF_Market_Weekly_Review.pdf
China factory output weakest in 3 years in August
September 9, 2012--Growth in China's factory production slowed to a three-year low in August, suggesting Beijing might need to launch more stimulus efforts to reverse a painful slowdown in the world's second-largest economy.
Inflation climbed to 2 percent as food prices rose, and further increases could complicate efforts by the government to revive growth as Europe struggles with a debt crisis and the U.S. economy remains sluggish. Growth in industrial production weakened to 8.9 percent from July's 9.2 percent, according to National Bureau of Statistics figures released Sunday.
DB-Global Equity Index and ETF Research-Asia-Asia-Pac ETF Market Weekly Review:ETP market recorded $1.5bn inflows in August
September 7, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in negative territory. From north to south, Japan (Nikkei 225) lost 2.54%, Korea (KOSPI2) fell by 1.25%,
China (CSI 300) decreased by 3.11%, Hong Kong (HSI) was down by 2%, Singapore (FSSTI) slid by 0.82%, and Australia (S&P/ASX 200) declined by 0.76% over the previous week.
New ETP launches
Last week, nine new products were launched in the Asia-Pacific ETP market. E Fund Management listed one equity ETF on Hong Kong Exchange tracking the CSI 100 Index. CSOP Asset Management made its debut with a maiden equity ETF listing on Hong Kong Exchange tracking the FSTE China A50 Index. Further, Hanwha Investment Trust Management listed seven Equity ETFs on Korea Stock Exchange. Four of these ETFs track FnGuide Sector Indices (Chemical, Iron & Metal, Shipbuilding & Transportation and Auto respectively). Other three ETFs track FnGuide Defensive Index, FnGuide Market Leader Index and FnGuide Dividend Index respectively. (See Figure 5 for further details).
ETP Monthly Flows
Asia-Pacific ETP market recorded monthly cash inflows of $1.5bn for the month of August, taking the YTD cash flows to +$22.3bn or 24.4% of last year’s end AUM. This includes $1.1bn of inflows from two new ETFs with China focus. Prior to that, Asia-Pacific region recorded monthly flows of $13.4bn, $4.4bn and $2.4bn for May, June and July respectively. Within Equity products, ETFs offering exposure to China, South Korea and Japan received robust cash inflows of $1.2bn, $1bn and $0.3bn respectively, while Taiwan focused ETFs experienced outflows of $0.4bn. Further, Leveraged Strategy ETFs recorded outflows of $0.5bn.
Turnover Review
Asia-Pacific ETP turnover totaled $5.5bn for last week, 3.2% up from the previous week’s total. South Korea continues to be on top of the turnover ranking with $2.6bn, followed by China ($1.3bn), Hong Kong ($0.7bn), Japan ($0.4bn), and Singapore ($0.3bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Short Strategy, and Asia Pac Developed Country ETFs recorded total turnover of $2.7bn, $1.2bn, $0.7bn and $0.6bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $76m.
Asset Under Management Review
Last week, Asia-Pacific ETP AUM ended at $113.1bn after $1.6bn decline over the previous week. On a year to date basis, Asia-Pacific ETP assets are up by $21.6bn or 23.6% above last year’s closing.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/525-9990/83340111/Asia-Pac_ETF_Market_Weekly_Review__6_sept.pdf
Thailand's SET Index hits new 16-year high
September 7, 2012--The Stock Exchange of Thailand's (SET) main stock
index (SET Index) closed up at 1,246.10 points today, a new high in the past 16
years and two months, making it the best performer in Asia since the start of this year.
In addition, SET's new trading platform, SET CONNECT, ran with full
efficiency throughout the first week of its operation, while trading via the
Internet gained a record number of concurrent users.
SET President Charamporn Jotikasthira said the SET Index closed up 2.18 points, or 0.18 percent, at 1,246.10 points, its highest level since July 5, 1996.
Thus, the SET Index has risen 21.53 percent since the start of this year, being the top index performer among Asia's main stock markets, reflecting the attractiveness of the Thai stock market and strong fundamentals of Thai listed companies. Today's SET Index rise followed rallies of other stock markets in Asia after the European Central Bank's announcement of its bond buying scheme eased investor's concerns about the future of the euro currency.
Asia calls for harmony on Dodd-Frank rules
September 5, 2012--Ever since regulators in the US started fleshing out the details of how to implement the landmark Dodd-Frank Act-the most sweeping financial market reform in decades -Europe has frequently complained about how the law might apply across the pond.
Now it’s Asia’s turn to cause a stir.
Indian banks face Basel III challenge
September 5, 2012--Indian banks will have to bring in an additional capital of Rs 5 lakh crore to meet the Basel III norms, RBI Governor D Subbarao said.
Basel III norms will be implemented in a phased manner by March 2018.
Of the total Rs 5 lakh crore additional capital required under Basel III, the share of equity capital has to be 1.75 lakh crore and non-equity Rs 3.25 lakh crore, he said.
Shenzhen Securities Information Company and FTSE Group sign MOU to explore possibility of developing new suite of indices
September 4, 2012--Shenzhen Securities Information Co. Ltd ("SZSE Securities Information") and global index provider FTSE Group ("FTSE") have signed a memorandum of understanding (MOU) to facilitate the development and promotion of new indices for the China capital markets.
Under the MOU, Shenzhen Securities Information and FTSE will undertake index-related research and development projects and leverage one another’s strengths promoting indices to Chinese domestic and international investors.
FTSE was the first global index provider to enter the China market. Since 2001, FTSE has created a comprehensive suite of benchmark and tradable A Share indices which are widely used by domestic and international investors. Increasingly, investors are looking to supplement existing benchmark approaches with innovative indices offering unique access to the China A Share market.
