TSE has published the index value of TSE Home Price Index for June.
August 28, 2012--The index value of TSE Home Price Index (Used Condominium,, Composite of Tokyo Metro Area) is 77.41 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 81.56 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 76.93 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 65.99. The index value of TSE Home Price Index (Used Condominium, Saitama) is 66.37 points.
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Source: Tokyo Stock Exchange (TSE)
DB-Equity Derivatives and Quantitative Strategy Research-Asia:Asia-Pac ETF Market Weekly Review: ETP AUM reduced by $1bn amid bearish equity markets
August 27, 2012--Market Review
All the markets in the Asia-Pacific region declined last week. Compared to the week before, from north to south:
Japan (Nikkei 225) -1.0%
Korea (KOSPI2) -1.7%
China (CSI 300) -1.6%
Hong Kong (HSI) -1.2%
Singapore (FSSTI)-0.4%
Australia (S&P/ASX 200) -0.5%
New Product Launch Review
There were no new ETP listings last week.
Turnover Review
Asia-Pacific ETP turnover totaled $5.4bn last week, down 1.6% from the previous week’s total
South Korea continued to top the turnover ranking with $2.6bn, followed by China ($1.1bn), Hong Kong ($0.8bn), Japan ($0.5bn), and Taiwan ($0.2bn).
Among Equity ETFs, the Emerging Country, Leveraged Strategy, Short Strategy, and Asia-Pacific Developed Country ETFs had total turnovers of $2.3bn, $1.3bn, $0.8bn, and $0.6bn respectively.
And among the Commodities asset class, turnover in Gold ETPs totaled $131mm.
Assets under Management Review
Last week’s market weakness reduced Asia-Pacific ETP AUM by about $1bn, to $114.7bn. Year-to-date however, Asia-Pacific ETP AUM is up by $23.2bn, a 25.4% increase from the end of last year.
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/569-C8E9/63219070/AP_Weekly_Aug_24.pdf
Source: Deutsche Bank - Equity Research - Asia Pacific
SSgA calls for change to QFII rules
August 27, 2012--State Street Global Advisors (SSgA) has called for QFII rules to be modified to create a level playing field between mainland Chinese,
Hong Kong and foreign ETF operators.
The call came as the second physically backed A-share ETF was launch
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Source: Asian Investor
China's securities reforms put spotlight on B-share dilemma
August 24, 2012--Guo Shuqing, China's chief securities regulator, would probably sympathise.
The delisting rules his office introduced recently, as part of a zealous reform package, have shed light on a dusty old corner of the country's securities industry: the B-share
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Source: Idaaworld
China-HSBC PMI posts second-lowest reading since March 2009
August 23, 2012--New export orders decline at sharpest rate since March 2009
Weaker-than-expected sales contribute to record increase in stocks of finished goods
Input costs fall at fastest rate in 41 months
China’s goods producers recorded a continued deterioration in business conditions during the month, with the headline HSBC Purchasing Managers’ Index (PMI) dropping from 49.3 to a nine-month low of 47.8 in August. Moreover, the latest index reading was the second-lowest since March 2009.
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Source: Markit
Tokyo Stock Exchange Completes Tender Offer for Osaka Rival
August 23, 2012--The Tokyo Stock Exchange said on Thursday that it had completed a $1.1 billion public tender offer for its smaller rival, the Osaka Securities Exchange, moving closer to a merger that could bolster Japan's standing as an Asian financial hub.
The Tokyo exchange said it had received tenders totaling 80 percent of the Osaka exchange, above the 67 percent it had sought. The Tokyo exchange had offered to buy each share in its rival for 480,000 yen ($6,100), almost 10 percent above the Osaka exchange’s closing price on Thursday.
The tender offer, which began July 11 and closed Wednesday, values the Osaka exchange at 130 billion yen. The deal seeks to combine the strengths of the Tokyo exchange, which dominates the cash equity market in Japan, with those of Osaka, which focuses on derivatives trading.
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Source: NY Times
HKEx to Introduce RMB Currency Futures on 17 September
August 22, 2012--Hong Kong Exchanges and Clearing Limited (HKEx) will introduce renminbi (RMB) currency futures on 17 September. The US Dollar vs Renminbi (Hong Kong) or USD/CNH* Futures contract will be the world's first deliverable RMB Currency Futures.
USD/CNH Futures will require delivery of USD by the seller and payment of the Final Settlement Value in RMB by the buyer at maturity. The futures will be quoted in RMB per USD (for example, RMB 6.2486 per USD) and margined in RMB, with the trading and settlement fees charged in RMB. The final settlement price will be based on the spot USD/CNY(HK) fixing published by the Treasury Markets Association (TMA) at 11:15 am on the Last Trading Day (the fixing is available on TMA's website).
The following contract months will be available for trading on 17 September: October 2012, November 2012, December 2012, January 2013, March 2013, June 2013 and September 2013. Details of the contract specifications and a list of information vendor codes for USD/CNH Futures are attached below (they will also be available on the HKEx website). Margin requirements and market makers will be announced before the launch date.
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Source: HKEx
Deutsche Bank-Equity Derivatives and Quantitative Strategy Research-Asia:Asia-Pac ETF+ Monthly Directory : July 2012 ETPs
August 21, 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). If you have any questions about any of the products listed, or any suggestions on how to improve the directory going forward, please do not hesitate to get in touch.
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/569-28E1/51650251/Asia-Pac_ETF+_Monthly_Directory_-_July_2012_ETPs.pdf
Source: Deutsche Bank-Equity Derivatives and Quantitative Strategy Research -Asia
SSE 5-Year China Treasury Note (Futures Deliverables) Index and Other Two Indexes To Be Launched
August 21, 2012--Designed to serve as a new investable benchmark for bond investors as well as to promote innovation of China bond market, CSI today announced the upcoming launch of SSE 5-Year China Treasury Note (Futures Deliverables) Index, SSE Convertible Bond Index and CSI Convertible Bond Index on Sep 12th 2012.
The base date of the former index is December 31st, 2007. The base index is 100. The latter two index’s base date is December 31st, 2002, The base index is 100.
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Source: Shanghai Stock Exchanges
India Approves First Seven Hedge Funds
August 21, 2012--Following in the footsteps of the world's largest country, the world's second-largest country is opening its doors to hedge funds.
The Security and Exchange Board of India has given seven hedge funds its seal of approval over the past month, under its new Alternative Investment Funds regulatory regime, unveiled in March. The first received its registration on July 23; the rest were approved this month.
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Source: FinAlternatives