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
Macao Special Administrative Region of the People's Republic of China: Financial Sector Stability Assessment -IMF Report
August 31, 2011--EXECUTIVE SUMMARY
The financial sector of Macao SAR is large, and bank dominated. Total financial sector assets amounted to 307 percent of GDP in 2008, with banking assets accounting for 94 percent
of the total. Local banking operations benefit from the financial and risk management support of their parent banks and the AMCM takes this into account in its role as host supervisor in addition to collaboration with home regulators
Since the 2002 OFC assessment, Macao SAR has made important progress in
strengthening the regulatory and supervisory framework governing the financial sector. The AMCM has addressed a number of gaps identified in the 2002 assessment and stepped up its efforts to implement international bank supervisory guidance, including issuing risk based regulatory and supervisory guidelines, implementing the market risk amendment to the capital
framework, enhancing disclosure of financial information, and addressing staffing shortages.
DB - Equity Research - Asia Pacific ETF Weekly Review:
August 30, 2011--Market Review
Overall positive week for all the major Asia-Pacific markets where Japan (Nikkei 225) gained 0.90%, Korea (KOSPI2) increased by 2.70%, China (CSI 300) advanced by 3.33%, Hong Kong (HSI) grew by 0.94%, Singapore (FSSTI) rose by 0.53% and Australia (S&P/ASX 200) climbed by 3.62% over the previous week.
New Launch Review
In terms of new product launch activity, the Asia-Pacific market remained quiet in the last week and no new product was listed in any of the exchanges in the region.
Turnover Review: Volatility keeps markets active
Asia-Pacific ETP turnover totaled $7.9bn for the last week, 7% above previous week’s total and 66% up from last year’s weekly average. South Korea continues to be on top of the turnover ranking with $3.6bn (up 8.5%), followed by Hong Kong ($1.2bn, down 19.3%), Japan ($1.1bn, up 19.4%), China ($1bn, up 8.6%), and Singapore ($327m, up 112.1%). Among Equity ETPs, Emerging Country, Leveraged Strategy, Short Strategy and Asia Pac Developed Country ETPs had total turnover of $2.6bn, $1.5bn, $1.5bn and $1.3bn respectively. Under the Commodity asset class, turnover on Gold ETPs totaled $661m, 97% up from last week.
Assets Under Management Review
After continuous losses in the previous four weeks, Asia-Pacific ETP AUM rose by 2.6% and reached $91.1bn last week. Further, on a year to date basis, Asia-Pacific ETF assets are $6.9bn or 8.2% above last year’s closing.
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Source: Deutsche Bank - Equity Research - Asia Pacific
China Intensifies Purchases of Copper
August 30, 2011--Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets.
The wave of buying is providing support for metals and minerals prices after commodities prices fell this month at worries about a double-dip. Senior executives at trading houses, mining companies and banks said Chinese consumers had used the recent drop in prices to rebuild stocks.
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Source: FT.com
Dealmaking activity elevates Asian financials
August 29, 2011--Asian financial stocks led the region’s equities indices higher on Monday, as signs of dealmaking activity in the sector in Tokyo and hopes for more stimulus measures in the US lifted the mood.
Aozora Bank gained 5.4 per cent to Y195 in Tokyo on a report in the Australian Financial Review that Australia and New Zealand Banking Group is considering buying Aozora or the unlisted Tokyo Star Bank, a unit of US investment house Lone Star. A&NZ rose 1.8 per cent to A$20.21 in Sydney.
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Source: FT.com
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