ETF investors embracing risk
August 15, 2012--Exchange Traded Fund (ETF) investors are exhibiting a greater appetite for risk, according to the latest data released by BetaShares.
The company's July Australian ETF Review found the industry was up again through the month, exhibiting market capitalisation growth of 4 per cent and net new assets of $57 million.
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Source: Money Management
Deutsche Bank - Equity Derivatives and Quantitative Strategy Research-Asia-Asia-Pac ETF Market Weekly Review:ETP assets added $4.4bn amid market rally
August 13, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in positive territory. From north to south, Japan (Nikkei 225) gained 3.93%, Korea (KOSPI2) rose by 5.76%, China (CSI 300) increased by 1.95%, Hong Kong (HSI) was up by 2.39%, Singapore (FSSTI) climbed 0.09%, and Australia (S&P/ASX 200) advanced by 1.32% over the previous week.
New Launch Review
Last week, one new product was launched in the Asia-Pacific ETP market. Mitsubishi UFJ Asset Management listed one equity ETF on Tokyo Stock Exchange tracking S&P Topix Daily Risk Control 10% TR Index. (See Figure 4 for further details)
Turnover Review
Asia-Pacific ETP turnover totaled $7.2bn for last week, 1.6% down from the previous week’s total. South Korea continued to be on top of the turnover ranking with $3.9bn, followed by China ($1.3bn), Hong Kong ($1.1bn), Japan ($0.6bn), and Taiwan ($0.1bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Short Strategy, and Asia Pac Developed Country ETFs had total turnover of $3.1bn, $1.7bn, $1.1bn, and $0.9bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $36m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM increased by $4.4bn and ended at $116.1bn. On a year-to-date basis, Asia-Pacific ETP market is up by $24.7bn or 26.9% above last year’s closing.
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http://pull.db-gmresearch.com/p/569-0829/35423592/Asia-Pac_ETF_Market_Weekly_Review.pdf
Source: Deutsche Bank - Equity Derivatives and Quantitative Strategy Research -Asia
Bureaucrats told they can steal a little
August 10, 2012--A provincial minister in India's most populous state has sparked a scandal after suggesting to bureaucrats that they could "steal a little" if they performed well in their duties.
Shivpal Singh Yadav, in charge of housing and construction in northern Uttar Pradesh state, on Friday hastily withdrew the offer he made a day earlier during a meeting with government employees which was also attended by journalists.
Yadav is an uncle to the state chief minister Akhilesh Yadav, whose Samajwadi Party stormed into power on an anti-graft platform in elections held in graft-ridden Uttar Pradesh in March.
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Source: FIN24
Australian Ethical picks Russell Investments for administration
August 9, 2012--Australian Ethical Investment has chosen Russell Investments to provide administration for its fund.
Russell Investments, whose assets under management are currently A$155 billion globally and A$20 billion in Australia, will provide services such as processing contributions, making benefit payments and generally managing the administration of the fund for members.
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Source: Asset Servicing Times
India's shock fall in industrial output
August 9, 2012--India's industrial production contracted by a shock 1.8% from a year earlier in June, as manufacturing output shrank in Asia's third-largest economy, official figures showed on Thursday,
The data underscored the massive job ahead for India's new pro-market finance minister, P. Chidamabaram, who pledged this week to "restart the growth engine" of India's sharply slowing economy.
Manufacturing output, which accounts for three-quarters of the index of industrial production, fell 3.2% from a year earlier in June, according to the government data.
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Source: FIN24
Thailand to Modify SET50 Index Futures
August 8, 2012--Thailand's Futures Exchange (TFEX), part of The Stock Exchange of Thailand group, plans to modify its SET50 Index Futures and Options, as well as introduce Sector Index Futures in October
In particular, the contract specifications of SET50 Index Futures and Options will be modified. For SET50 Index Futures, the two nearest monthly contracts will be added on top of existing four quarterly contracts, resulting in six contract months in total.
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Source: Securities Technology Monitor
All derivatives contracts start trading as usual today
August 8, 2012--We deeply apologize to our market users and related parties for any inconvenience which may have been caused by yesterday's trading halt.
All derivatives contracts will soon start trading as per usual today.
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Source: Tokyo Stock Exchange (TSE)
Macro Matters-China CPI: Ready for a rebound!
August 8, 2012--China's headline CPI dropped to 1.8% in July from 2.2% in June. As we projected earlier, this is the bottom of the year, and headline CPI will rebound from this point. By the year-end, headline CPI will likely rise to about 3.5%, and China will enter negative real interest rate territory.
The rising headline CPI will squeeze room for further monetary easing, and we think the window for another interest rate cut is already closed. From this point, policy will have to weigh more on the fiscal side; particularly those public investment projects that help promote medium-term sustainable growth.
Headline CPI fell below 2% as we projected earlier, but will rebound from this point
view the China CPI: Ready for a rebound! report
Source: Mirae Asset Management
S.Korea to start taxing Kospi 200 futures, options in 2016
August 8, 2012--South Korea will start taxing popular stock price index options and futures transactions from 2016 as part of changes to tax rules following an annual review, the finance ministry said on Wednesday.
The government will levy a 0.001 percent tax on the value of Kospi 200 futures contracts and a 0.01 percent tax on the premiums for Kospi 200 option contracts starting Jan. 1, 2016, the Ministry of Strategy and Finance said in a statement.
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Source: Reuters
Shanghai eases ETF rules in expansion drive
August 8, 2012--The city's stock exchange moves to allow more than one ETF manager to track the same index to foster greater competition and sustainable market growth.
The Shanghai Stock Exchange (SSE) is striving to spur growth in its exchange-traded funds market by allowing several ETF managers to track the same index concurrently.
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Source: Asian Investor