TSE Resumes Trading After System Glitch Causes Halt
February 1, 2012--TSE temporarily suspends trading in shares of more than 200 companies, including Sony, Hitachi
Exchange still investigating cause, but glitch likely stems from server trouble for stock data distribution
Exchange resumes trading of all suspended issues from afternoon session
Financial Services Agency urges TSE to take steps to prevent system trouble from occurring again
The Tokyo Stock Exchange halted trading of 241 issues Thursday morning, including blue-chip stocks such as Sony Corp. (6758.TO) and Hitachi Ltd. (6501.TO), due to the failure ...
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Source: Wall Street Journal
China regulator: Hong Kong-linked ETFs ready to go
February 1, 2012--China has completed preparatory work for launching exchange traded funds linked to Hong Kong-listed shares, Guo Shuqing, chairman of the country's securities regulator, said in an editorial published in the state-run China Securities Journal on Thursday.
Guo, who didn't offer a timetable for the launch of ETFs linked to Hong Kong-listed shares, reiterated that China will push ahead with establishing a global commodity futures market domestically.
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Source: MarketWatch
OSE has been Publishing "Indicative Net Asset Values" and "Portfolio Composition Files" of ETFs
February 1, 2012--OSE has been publishing Indicative Net Asset Values (Indicative NAVs(*1)) and Portfolio Composition File (PCFs(*2)) of ETFs in order to improve ETF investors' convenience since August 15, 2011.
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Source: Osaka Securities Exchange
Dow Jones Indexes named “Best Islamic Index Provider of the Year in Malaysia” by Asia Asset Management
2012 Honour Marks the 28th Industry Award For Dow Jones Islamic Market Indexes Since its 1999 Launch
January 31, 2012--Dow Jones Indexes, a leading global index provider, today announced it has been named “Best Islamic Index Provider in Malaysia” by Asia Asset Management, adding to the list of awards bestowed upon the Dow Jones Islamic Market Indexes in 2011.
Since its launch in 1999, the Dow Jones Islamic Market Indexes have won a total of 28 industry awards from various organizations, research institutions and financial publications around the world. The previously announced 2011 awards include:
“Islamic Index Provider of the Year in Asia” by Asia Asset Management;
“Best Islamic Index Provider” by Islamic Finance News (fifth consecutive year);
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Source: Dow Jones Indexes
TSE has published the index value of TSE Home Price Index for November.
January 31, 2012--TSE has published the index value of TSE Home Price Index for November on January 31, 2012.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 78.58 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 81.98
points.
The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 78.11 points.
The index value of TSE Home Price Index (Used Condominium, Chiba) is 69.79. The index value of
TSE Home Price Index (Used Condominium, Saitama) is 69.24 points.
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Source: TSE
DB - Equity Research - Asia Pacific ETF Weekly Review: ETP AUM keeps moving closer to $100bn on bull markets
January 30, 2012--Market Review
Equity markets continued to remain in positive territory last week. From north to south, Japan (Nikkei 225) gained 0.85%, Korea (KOSPI2) increased by 0.79%, Hong Kong (HSI) climbed by 1.95%, Singapore (FSSTI) rose by 2.35% and Australia (S&P/ASX 200) grew by 1.15% over the previous week.
Stock exchanges in China remained closed during last week due to public holidays.
New Launch Review
Last week, eight new ETFs were launched in Asia-Pacific region. Mirae Asset MAPS Global Investments listed seven sector ETFs on Hong Kong Stock Exchange. Two of these ETFs track the S&P Emerging Asia Consumer Index and the S&P Global Consumer Enterprises Index respectively and remaining five tracks S&P Pan-Asia ex JANZ Large Cap Sector Indices (Financials, Industrials, Materials, Information Technology and Energy respectively). Further, Korea Investment Trust Management listed one Strategy ETF on Korea Stock Exchange tracking KOSPI200 Leveraged Index.
Turnover Review: Volatility keeps markets active
Asia-Pacific ETP turnover totaled only $2.5bn during last week, 63% down from the previous week’s total as stock exchanges in China and Taiwan remained closed for entire week and almost all other countries in the region had a shorter trading week due to public holidays. South Korea continues to be on top of the turnover ranking with $1.4bn, followed by Japan ($483m), Hong Kong ($333m), Australia ($120m), and Singapore ($106m). Among Equity ETFs, Asia Pac Developed Country, Emerging Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of $629m, $616m, $518m, and $399m respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $173m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM reached $99.4bn after an increase of 1.7% over the previous week. On a year to date basis, Asia-Pacific ETP market is up by $7.9bn or 8.6% above last year’s closing.
to request report
Source: Deutsche Bank - Equity Research - Asia Pacific
Shanghai vows to expand capital markets
January 30, 2012--Shanghai intends to expand greatly the size of its capital markets and open them more widely to foreign investors by 2015 as cornerstones in its strategy to become a global financial powerhouse.
The goals for the next four years range from the concrete, such as more than doubling trading volumes, to the aspirational aim of “significantly increasing the international influence” of Shanghai’s markets.
The government said on Monday these were intermediate steps towards the ultimate objective of making Shanghai an “international financial centre that is consistent with China’s economic strength” by 2020.
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Source: Getshanghaionline.com
SGX gets U.S. CFTC approval for FTSE China A50 and MSCI Asia APEX 50 futures contracts
January 30, 2012--Singapore Exchange (SGX) today said U.S. investors can now directly trade its FTSE China A50 and MSCI Asia APEX 50 futures contracts from within the U.S.
On 27 January 2012, the Commodity Futures Trading Commission (CFTC) certified that these contracts, which are based on the FTSE China A50 and MSCI Asia APEX 50 equity indices, may be offered and sold to individuals in the U.S.
The SGX-listed FTSE China A50 futures contract is the only offshore contract providing international investors with easy exposure to China’s domestic A-share market. A total 3.1 million FTSE China A50 futures contracts were traded on SGX in 2011, six times that of the previous year. The MSCI Asia APEX 50 futures is a tradable proxy to the broader MSCI AC Asia ex Japan Index, one of the most widely followed benchmark indices used by investors investing in Asia.
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Source: SGX
DB - Equity Research - Asia Pacific ETF Weekly Review: ETP AUM keeps moving closer to $100bn on bull markets
January 30, 2012--Market Review
Equity markets continued to remain in positive territory last week. From north to south, Japan (Nikkei 225) gained 0.85%, Korea (KOSPI2) increased by 0.79%, Hong Kong (HSI) climbed by 1.95%, Singapore (FSSTI) rose by 2.35% and Australia (S&P/ASX 200) grew by 1.15% over the previous week. Stock exchanges in China remained closed during last week due to public holidays.
New Launch Review
Last week, eight new ETFs were launched in Asia-Pacific region. Mirae Asset MAPS Global Investments listed seven sector ETFs on Hong Kong Stock Exchange. Two of these ETFs track the S&P Emerging Asia Consumer Index and the S&P Global Consumer Enterprises Index respectively and remaining five tracks S&P Pan-Asia ex JANZ Large Cap Sector Indices (Financials, Industrials, Materials, Information Technology and Energy respectively). Further, Korea Investment Trust Management listed one Strategy ETF on Korea Stock Exchange tracking KOSPI200 Leveraged Index. (See Figure 4 for further details)
Turnover Review: Volatility keeps markets active
Asia-Pacific ETP turnover totaled only $2.5bn during last week, 63% down from the previous week’s total as stock exchanges in China and Taiwan remained closed for entire week and almost all other countries in the region had a shorter trading week due to public holidays. South Korea continues to be on top of the turnover ranking with $1.4bn, followed by Japan ($483m), Hong Kong ($333m), Australia ($120m), and Singapore ($106m). Among Equity ETFs, Asia Pac Developed Country, Emerging Country, Leveraged Strategy, and Short Strategy ETFs had total turnover of $629m, $616m, $518m, and $399m respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $173m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM reached $99.4bn after an increase of 1.7% over the previous week. On a year to date basis, Asia-Pacific ETP market is up by $7.9bn or 8.6% above last year’s closing.
to request report
Source: Source: Deutsche Bank - Equity Research - Asia Pacific
New Push For Bond ETFs in Down Under
January 29, 2012--Australian retail investors seeking fixed income products have traditionally had a limited range of choices, but a recent regulatory change to allow fixed income exchange traded funds on to the Australian Securities Exchange (ASX) could be a significant boost to the asset class, the FT reports.
New rules to allow the listing of fixed income ETFs on the ASX were approved by the Australian Securities and Investments Commission (ASIC) just before Christmas and came into effect in January.
The move is a welcome change for ETF providers such as BlackRock and Vanguard, which offer a range of fixed income products globally but have been prevented from listing them in Australia. “We think we’ll see strong demand from the retail segment – which includes self-managed superannuation funds – and also from institutions,” says Mark Oliver, Australian head of iShares, BlackRock’s ETF operation. “Institutions can access broad fixed interest markets quite easily,” he says, “but with the ETFs, they can gain access to a diversified portfolio in a single trade. Also [ETFs] offer excellent liquidity, which often the underlying bonds cannot. “During the credit crisis of 2008, for example, the US bond ETFs traded through the volatility, while it was difficult for people at the same time to price the underlying bond.”
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Source: ETF Radar Magazine