FTSE China Index Series Quarterly Review
September 7, 2011--The FTSE Asia Pacific Regional Committee announces the following quarterly review changes to the FTSE China 25 Index, FTSE China B35 Index , FTSE China A50 Index, FTSE China A200 and A400 Indices and
FTSE China A Small Cap Index which will become effective after the close of business on Friday, 16 September 2011 (i.e. on Monday, 19 September 2011).
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Source: FTSE
Seoul plans tax on foreign currency bonds
September 7, 2011--South Korea plans to impose taxes on the earnings of overseas investors from foreign currency bonds sold in the country in its latest effort to curb rising short-term external debt and counter capital inflows.
The finance ministry said on Wednesday that foreign investors will be required to pay a 14 per cent tax on interest income from so-called Kimchi bonds, starting in 2012, once the proposal wins parliamentary approval.
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Source: FT.com
Barclays Lists Seven Commodity-Related Exchange Traded Notes On The Tokyo Stock Exchange - Barclays iPath® ETN Series
September 6, 2011--Barclays Bank PLC announced today the launch of seven commodity-related iPath® Exchange Traded Notes (ETNs) on the Tokyo Stock Exchange (TSE). As in the case of the two ETNs (volatility and commodity-related) listed on 23 August, these seven ETNs will be in the format of Japanese Depositary Receipts (JDRs).
Details of the seven new ETNs are as stated in the below table. Together with the two ETNs listed on 23 August, Barclays now has a total of nine ETN products listed on the TSE.
Ticker | Issue Name | Underlying Index | Trading Unit |
2021 | iPath® S&P GSCI® Total Return Index JDR | S&P GSCI® Total Return Index | 1 |
2029 | iPath® S&P 500 VIX Mid-Term Futures JDR | S&P 500 VIX Mid-Term Futures Index Total Return | 1 |
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Source: Tokyo Stock Exchange (TSE)
Special Change in KOSPI 200 Sector indices
September 6, 2011--As Shinsegae(A004170) spun off emart(A139480), KRX will delete Shinsegae(A004170) in KOSPI 200
Consumer Staples and add it to KOSPI 200 Consumer Discretionary on Sep. 9, 2011. (KRX)
Source: KRX
KRX To List KINDEX Inverse ETF On September 8, 2011
September 6, 2011--The Korea Exchange ("KRX") is going to list KINDEX Inverse ETF on September 8, 2011.
KINDEX Inverse ETF uses the nearest month contract of KOSPI200 Futures (F-KOSPI200) as the underlying asset, but is designed to profit if the value of F-KOSPI200 declines.
With the listing of KINDEX Inverse ETF, the total number of ETFs listed this year would be 38, bringing the total number of the ETFs listed on the KRX to 102.
Source: KRX
Australian economy grows 1.2 percent in April-June
September 6, 2011--Australia avoided recession with its economy growing 1.2 percent in the three months through June after shrinking in the previous quarter due to natural disasters at home and abroad, according to government figures Wednesday.
Storms and record flooding early this year destroyed crops worth billions of dollars on Australia's east coast and disrupted coal and iron ore exports. Earthquakes also devastated two key Australian trading partners, Japan and New Zealand.
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Source: Today's Zaman
SGCEX Announces Expansion of International Programs for Index Based Derivatives
SGCEX will soon introduce an innovative, dependable and smart platform resourcefully designed both for offshore and domestic entities
September 5, 2011 - With a global mission of creating a next generation derivatives exchange relevant to an ever-changing and developing marketplaces, SGCEX will soon introduce an innovative, dependable and smart platform resourcefully designed both for offshore and domestic entities to undertake trading through wide range of multi-asset class products and ETF`s.
Through the avant-garde electronic trading systems for futures and options, SGCEX will coordinate physical and derivatives trading in commodities within its jurisdiction, as well as in its neighboring countries while recording new products for more successful and efficient risk management especially during and after trading hours.
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Source: SGCEX
ETF growth to drive Asia program trading - C.Suisse
September 5, 2011--The growing use of exchange traded funds as a way to gain access to Asian markets, and heavier activity around index rebalancing is driving growth in program trading in the region according to a report published by Credit Suisse Group AG.
The steady rise in assets being allocated to emerging markets, particularly by passive investors through index tracking funds and ETFs, has led to an uptick in program trading activity in Asia, even while overall volumes on stock exchanges have largely remained sluggish.
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Source: Reuters
Tokyo Stock Exchange: New Exchange Traded Notes (ETNs) To Be Listed (iPath® S&P 500 VIX Short-Term Futures™ Index Total Return Managed By Barclays Bank PLC)
September 2, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of the following trust beneficiary certificates (Japanese Depositary Receipts; hereinafter "JDRs") whose trust assets are exchange traded notes (indicator-tracking securities; hereinafter "ETNs") managed by Barclays Bank PLC.
With this listing, there will be a total of 113 ETFs and ETNs listed on the Tokyo market. TSE will continue working to diversify the ETF market, promote the listing of other new financial instruments such as ETNs, and improve the convenience of our market for all investors.
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Source: TSE
SZSE 1000 Index and Other Indices issued and SZSE Scale Index System Established
September 1, 2011--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. declared recently to issue SZSE 200 index, SZSE 700 index, SZSE 1000 index, SZSE 700 style index and SZSE 1000 style index on September 1. The SZSE 200 index, SZSE 700 index and SZSE 1000 index, jointly with the SZSE 100 index and the SZSE 300 index, constitute the SZSE scale index system; and the SZSE 700 style index and SZSE 1000 style index, together with the SZSE 300 style index, constitute the SZSE style index system.
According to the compilation scheme, the SZSE 100 is specified as large-cap index, SZSE 200 as mid-cap index, SZSE 700 as small-cap index, SZSE 300 as large- and mid-cap index, and SZSE 1000 as large-, mid- and small-cap index.
The constituent selection method of the SZSE 1000 index is as follows: the float market capitalization and the turnover are weighted by 2:1 and ranked in descending order, and the top 1000 Shenzhen A-share stocks are selected as the constituents. Excluding the SZSE 300 sample stocks, the remaining 700 stocks in the SZSE 1000 sample stocks are selected to constitute the SZSE 700 index. Excluding the SZSE 100 sample stocks, the 200 stocks in the SZSE 300 sample stocks are selected as the constituents of SZSE 200 index.
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Source: Shenzhen Stock Exchange