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China to develop new financial options, forex futures
February 19, 2012--The China Financial Futures Exchange (CFFEX) is developing new financial instruments including options and foreign currency futures, the official China Securities Journal reported on Saturday, citing general manager Zhu Yuchen.
The exchange will also issue new index futures products based on underlying indices such as Shenzhen's SME board, Zhu was quoted as saying, without giving a timetable.
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Source: Reuters
Ping An Lauched Three ETFs And Plans Big Push
February 19, 2012--Ping An of China Asset Management on Wednesday listed three exchange-traded funds (ETFs) in Hong Kong that invest in the territory, Ignites Asia reports. The company is considering launching more ETFs this year and hopes to attract more institutional clients from China to its advisory business.
The three new ETFs are the Ping An of China CSI HK Dividend ETF, the Ping An of China CSI HK Mid Cap Select ETF, and the Ping An of China CSI RAFI HK50 ETF.
The ETFs were launched under the company’s Ping An China/HK ETF series, which now has four ETFs. The first in the series is the Ping An of China CSI RAFI A-Share 50 ETF, which was launched in 2010. The Ping An of China CSI HK Dividend ETF focuses on companies that consistently drive dividend yield, while the Ping An of China CSI HK Mid Cap Select ETF targets companies with high growth potential and high beta. “These two ETFs are the first of their kind in Hong Kong, providing more investment options for investors,” says Timothy Chan, chairman at PAAMC Hong Kong.
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Source: ETF radar
Measures to Prevent Recurrence and Other Matters Concerning the Failure in the Equity Trading System
February 17, 2012--Tokyo Stock Exchange (TSE) would like to offer its deepest apologies for the inconvenience and concern caused to investors and other market users by the failure in the equity trading system on
February 2, 2012.
TSE hereby informs you that a report containing the reason for the system failure, response by TSE,
locus of responsibility, measures to prevent reoccurrence and other matters with regard to said system
failure was compiled.
1. Background
At 7:38 a.m. on February 2, 2012, an incident occurred in the equity trading system (hereafter "said system") where market information of some issues could not be distributed. The reason was
later determined to be the unsuccessful completion of the switching procedure to a standby device which was triggered by a hardware failure that had occurred at 1:27 a.m. on the same day within
said system at one of eight information distribution gateway servers which distribute market
information.
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Source: Tokyo Stock Exchange (TSE)
China soon will overtake India as top gold market
February 17, 2012--China is poised to overtake India to become the world's biggest gold market this year as rising incomes fuel demand for the precious metal and a weak rupee diminishes Indian purchases, an industry group said Thursday.
The amount of gold bought in China rose 20 percent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.
Worldwide, the amount of gold purchased rose 0.4 percent to 4,0671 metric tons worth $205.5 billion.
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Source: The Mainichi Daily News
XIE Shares Thailand (SET50) ETF to list on HK Stock Exchange
February 15, 2012--Hong Kong-based investment management firm Enhanced
Investment Products Limited (EIP) will list its XIE Shares Thailand (SET50)
Exchange-Traded Fund (ETF) on the Hong Kong Stock Exchange on February 16, 2012.
XIE Shares Thailand (SET50) ETF (ticker: 3069) is designed to track performance of the SET50 net total return index, a widely-recognized Thai stock index calculated by The Stock Exchange of Thailand (SET).
Pakorn Peetathawatchai, SET Executive Vice President and Chief Marketing Officer, said: "The ETF launched by EIP is a good opportunity for institutional and retail investors in Hong Kong to become familiarized with the Thai stock index through the Hong Kong bourse. In the latest ranking of Financial Stability Index by World Economic Forum, it ranked Hong Kong as the world's top financial center, so we believe this ETF is a gateway to bring foreign investors further into Thai shares further."
Tobias Bland, CEO of EIP, adds: "We have developed this product from concept to market over the past two years. The focus has been to allow simple access to the Asian Emerging markets, both long and short. Having worked at Jardine Fleming for nine years, I realised the potential in the Asia Emerging Markets and the frustration investors have felt with accessing them. The XIE Share ETFs will allow investors to trade seamlessly on the stock exchange in Hong Kong, without having the extra work to check foreign restrictions on F/X, market hours and other idiosyncratic differences in these markets. Investors need to make asset allocation decisions without being biased by the expense of the transaction; XIE Shares allows them to do this. We look forward to seeing the funds trade on the Hong Kong Stock Exchange."
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Source: The Stock Exchange of Thailand. (SET)
EIP List First Ever Exchange Traded Funds on Hong Kong Stock Exchange, XIE Shares Korea, Malaysia, Taiwan and Thailand
February 16, 2012--Enhanced Investment Products Limited (EIP), a Hong Kong based asset management firm, today listed four new Exchange Traded Funds (ETFs). This new product suite is expected to be the first swap-based synthetic ETF platform managed by a local Hong Kong manager. The four country-specific products will track four local indices in Emerging Asia, providing investors with access to markets in Korea, Malaysia Taiwan and Thailand.
XIE Shares* are unique ETFs, being the first synthetic ETF platform independently managed by a local manager in Hong Kong, adoptinga multiple swap counterparty approach to manage counterparty risk. This structure offers the benefits of synthetic ETFs, and holds invested assets which are non-index related equity, bonds and/or cash/cash equivalent for the value of the NAV. These advantages include simplicity, liquidity and low cost beta. The ETFs seek to track the performance of the relevant indices before fees and expenses. XIE Shares has attracted day one investment of approximate AUM HK$500m for the first four funds.
visit www.xieshares.com for more information.
Source: XIE Shares
HK manager EIP to launch seven synthetic ETFs
February 15, 2012--Enhanced Investment Products has become Hong Kong's first local manager to aim large with synthetic exchange traded funds with the launch of a range of synthetic ETFs linked to Asian stock markets.
EIP was established in 2002 by a team from Jardine Fleming. It currently manages US$270m in Asian index funds and $90m in hedge fund strategies and is now expanding into ETFs. The new range will be known as XIE Shares, a play on “thank you” in Mandarin.
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Source: FT.com
The ever-fragile sweet spot-Mirae Asset Financial Group
February 15, 2012-In this issue of Macro Matters, we present a non-technical framework to explain our positive view on the course of Asian asset prices over the next few months, which we've been thinking about for the past month,
The downside of any simple framework risks being an oversimplification of the real world in which investors operate. But given the vast amount of information (both the flood of high frequency data and the mind-numbing flow of detailed discussions involving unresolved policy issues) hitting the market daily, one needs a process that cuts through the noise. There is such a thing as too much information and over-analysis that result in time lags and weak conclusions. No apologies, we are not that smart. We need to simplify things.
view report
Source: Mirae Asset Financial Group
World's first yuan-denominated gold ETF makes weak debut
February 14, 2012--The world's first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product.
The Hang Seng RMB Gold ETF (83168.HK), launched by Hang Seng Bank Ltd (0011.HK), is intended to track the performance of the London gold fixing price in U.S. dollars.
read more Chinese Regulator Reviewing E Fund's Application for H-Share ETF read more
Source: Reuters
February 14, 2012--The China Securities Regulatory Commission is vetting an application from E Fund Management Co. to start the mainland's first exchange-traded fund tracking the Hong Kong-listed shares of Chinese companies.
The application for the fund linked to the Hang Seng China Enterprises Index was accepted on Feb. 8, according to data posted on the securities regulator’s website yesterday. E Fund, based in the southern city of Guangzhou, is China’s third- largest asset management company with 126.2 billion yuan ($20 billion) of assets as of Sept. 30, according to Howbuy, a Shanghai-based fund tracker.
Source: Bloomberg