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
TSE Base price and daily price limits for newly listing ETF(1574)
August 8, 2012--The base price, etc. of MAXIS TOPIX Risk Control (10%) ETF (Code: 1574), which are scheduled for initial listing on August 9
is as follows:
MAXIS TOPIX Risk Control (10%) ETF (Code: 1574)
[Trading Unit: 10 units]
Base Price JPY 1,000
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Source: Tokyo Stock Exchange
SSE Releases "Guidelines for Development and Innovation of Fund Products"
August 8, 2012--With a view to implementing the requirement of Chairman Guo Shuqing for promoting fund management companies to accelerate the transition to modern wealth management institutions and supporting them to develop fund products meeting risk return demands of different investors in a market-oriented and customer-centered approach, the Shanghai Securities Exchange (SSE) has recently published and implemented the "SSE Guidelines for Development and Innovation of Fund Products" after having solicited opinions from fund companies for several times.
The guidelines will ease a restriction on the development of only one ETF product for one index.
The Guidelines defines basic requirements and procedures for fund companies developing SSE-listed regular and innovative products to encourage and support them in product development and business innovation.
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Source:Shanghai Securities News
iShares loses Asia sales head
August 8, 2012--Sandra Lee, BlackRock's head of sales for iShares ifor Asia ex-Japan, has left the company "to pursue other opportunities and interests", according to a BlackRock representative.
“We will provide an update on the role in due course,” according to the official, declining provide additional details when asked about Ms Lee’s replacement or how the role will be transitioned.
TSE ETF/ETN Monthly Report for Jul 2012 view the ETF/ETN Monthly Report for Jul 2012 DB-Equity Research-Asia-Pac-ETF Market Weekly Review: ETP market recorded $2.4bn inflows in July
ETP Monthly Flows
Turnover Review
Asset Under Management Review to request report If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: FT.com
August 7, 2012--Agricultural ETFs have significantly expanded their trading value over the last month.
In line with a worldwide increase in trading agricultural products in July, corresponding ETFs' trading value has increased alongside.
Of particular importance here are the “ETFS Corn ETF (1696)”, the “ETFS Soybean ETF (1697)”, both issued by ETF Securities, as well as the “iPath® S&P GSCI® Grain Index Total Return JDR (2026)” issued by Barclays.
The top scorer in terms of 30 days volatility, the “ETFS Natural Gas (1689)” has also soared in trading value and reaches no. 11 in the ranking.
Source: Tokyo Stock Exchange (TSE)
August 7, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in positive territory except Japan. In all, Japan (Nikkei 225) slid by 0.13%, Korea (KOSPI2) was up by 1.07%, China (CSI 300) climbed 0.20%, Hong Kong (HSI) advanced by 2.03%, Singapore (FSSTI) gained 1.76%, and Australia (S&P/ASX 200) increased by 0.28% over the previous week.
New ETP launches
There was no new listing during last week in the Asia-Pacific region.
Asia-Pacific ETP market recorded monthly cash inflows of $2.4bn for the month of July, taking the YTD cash flows to +$20.8bn or 27.7% of last year’s end AUM. Prior to that, Asia-Pacific region recorded monthly flows of $1.1bn, $13.3bn and $4.4bn for April, May and June respectively. Equities had the lion’s share in the monthly cash flows contributing $2.1bn, with fixed income and commodities registering $220m and $27m respectively.
Within Equity products, Emerging Country ETFs emerged as the single largest recipient of monthly cash flows totaling $1.6bn. ETFs offering exposure to country indices attracted robust inflows; China, Korea and Taiwan received $1.1bn, $256m and $205m respectively.
Asia-Pacific ETP turnover totaled $7.3bn for last week, 10.9% up from the previous week’s total. South Korea comes to be on top of the turnover ranking with $3.8bn, followed by China ($1.3bn), Hong Kong ($1.3bn), Japan ($0.5bn), and Australia ($0.2bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Asia Pac Developed Country, and Short Strategy ETFs recorded total turnover of $2.9bn, $1.7bn, $1.1bn and $1.1bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $60m.
Last week, Asia-Pacific ETP AUM ended at $111.7bn. On a year to date basis, Asia-Pacific ETP assets are up by $20.2bn or 22% above last year’s closing.
Source: Deutsche Bank - Equity Research - Asia Pacific