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DB-Equity Research-Asia-Pac-ETF Market Weekly Review: ETP market recorded $2.4bn inflows in July
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.
ETP Monthly Flows
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.
Turnover Review
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.
Asset Under Management Review
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.
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Source: Deutsche Bank - Equity Research - Asia Pacific
Tokyo Exchange Glitch Halts Derivatives Trading
July 7, 2012--The Tokyo Stock Exchange temporarily suspended all derivatives trading soon after trading opened on Tuesday because of an unidentified system problem, the second significant trading glitch on the exchange this year.
Normal trading resumed after a 93-minute halt, and officials were still looking into the cause after the market closed.
Trading halts have periodically hit most of the world's major exchanges, highlighting the complexity and importance of the computer systems used to run them. On Monday, trading in Spanish equities was disrupted for more than four hours as a technical glitch hit the systems of stock-market operator Bolsas y Mercados Espanoles SA, BME.MC +0.34%though it didn't appear to have caused significant losses for market participants.
read more China to launch domestic bond ETFs -paper read more Two Thematic Indices: SZSE Consumer 50 and SZSE Health Care 50 are Issued by SZSE Today According to the complication plan, the sampling scope for Consumer Thematic Index includes the listing companies in consumer discretionary industry and consumer staples industry; the sampling scope for Health Care thematic Index includes listing companies in medicine and health care industry and drug retail sub-industry. 50 A-share listing companies with strong representativeness and good liquidity are chosen respectively from related thematic markets for the sample stocks of SZSE Consumer 50 Index and SZSE Health Care 50 Index. In the process of calculation, the weight of every single sample stock will not exceed 10%. read more India pledges clarity in tax laws as it seeks growth
There are fears that the law may deter foreign investors from entering India and hurt the country's growth. read more Opportunities in China as requirements relaxed read more Govt to decide this month on ETF for share sale read more China Non-Manufacturing Growth Slows In July
Signaling weak demand conditions both at home and abroad, the new orders index fell to 53.2 in July from 53.7 in the previous month.
read more Notice of Further Reduction in A-share Trading Handling Fee Aussie dollar poised for more euro gains read more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Wall Street Journal
August 7, 2012--China is preparing to launch exchange-traded funds (ETF) tied to the domestic bond market, the Shanghai Securities News reported on Tuesday, underscoring Beijing's efforts to open up its investment market.
Guotai Asset Management Co Ltd and Bosera Asset Management Co will likely be among the first firms to launch such funds, the paper said. Bosera has already received preliminary approval from the Shanghai Stock Exchange to begin preparatory work.
Source: Reuters
August 6, 2012--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly declared on August 6, 2012 to issue two thematic indices: SZSE Consumer 50 Index (Code: 399646, Abbreviation: SZSE Consumer 50) and SZSE Health Care 50 Index (Code: 399647, Abbreviation: SZSE Health Care 50).
Both indices take December 31, 2004 as the base date, and 1000 points as base point.
Source: Shenzhen Stock Exchange
August 6, 2012--India's new finance minister, Palaniappan Chidambaram, has pledged to clarify tax laws and take measures to boost investment in the Indian economy.
In its latest budget, the government had proposed laws which would allow retrospective taxation, a move that was widely criticised.
Source: BBC
August 5, 2012--The China Securities Regulatory Commission has lowered the entry threshold for Beijing's qualified foreign institutional investor scheme and broadened the investment scope.
The new "administrative rules on onshore investment of qualified foreign institutional investors" were introduced to help further open up China’s capital markets, according to the CSRC.
Source: FT.com
August 5, 2012--The finance ministry is expected to take a final decision by this month-end on exchange traded fund (ETF) for selling shares of state-owned firms as part of steps to meet the disinvestment target of Rs. 30,000 crore this fiscal.
"ETF in-principle has been talked about," a top finance related stories
Chidambaram may revive divestment
ministry official told PTI. “There has been firming up certain views on this. It is expected to be finalised during the month.”
Source: Hindustan Times
August 3, 2012--China's non-manufacturing sector growth eased in July as inflow of new orders weakened, the latest survey by the China Federation of Logistics and Purchasing (CFLP) showed Friday.
The seasonally adjusted purchasing managers' index for the services sector fell to 55.6 in July from 56.7 in June. However, the PMI reading above 50 indicates expansion of the sector.
Source: RTT news
August 2, 2012--Upon approval by the China Securities Regulatory Commission, the Shanghai Stock Exchange (SSE) will make another reduction in the A-share trading handling fee, namely from 0.087%
currently down to 0.0696% in a bidirectional way according to the turnover, which shall come into force from September 1, 2012.
Source: Shanghai Stock Exchange
August 2, 2012--The Australian dollar is extending its march against the euro -placing it on course for an 11th weekly advance in the past 12-as investors shift funds out of the common currency.
The dollar was recently buying 85.63 euro cents after better-than-expected Australian retail sales shored up confidence in the economy. The currency is now within a whisker of the record 85.88 euro cents reached on Tuesday.
Source: The Sydney Morning Herald
