Bursa Malaysia Amends Listing Requirements and Issues Guide to Raise Disclosure Standards
September 22, 2011-As part of its ongoing efforts to promote high standards of corporate disclosure, Bursa Malaysia has made various amendments to its Listing Requirements (LR) and introduced a Corporate Disclosure Guide (CD Guide) aimed at assisting listed issuers elevate their standards of disclosure. High standards of disclosure is a value proposition that can enhance a listed issuer’s investability.
Bursa Malaysia’s Chief Executive Officer, Dato’ Tajuddin Atan said, “Bursa Malaysia’s regulatory framework aims primarily to maintain market integrity and investor protection. In this regard, reliable, informative and timely disclosures are key towards building a corporate community that is disclosure based and transparent.
“The amendments made are part of the Exchange’s continuous review given the ever-changing capital market environment. In this dynamic environment, investors demand for timely, adequate and relevant information to make informed decisions.”
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Source: Bursa Malaysia
TSE to Begin Calculation and Publication of the “Tokyo Stock Exchange Mothers Core Index”
September 22, 2011--In order to energize the TSE Mothers market as well as respond to the various indexing needs of our market participants, the TSE will begin calculating and publishing the “Tokyo Stock Exchange Mothers Core Index” on Tuesday, October 11, 2011.
This index is comprised of 15 issues from the TSE Mothers market, and is created to serve as a benchmark stock price index for ETFs, mutual funds and other investments.
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Source: Tokyo Stock Exchange
SGX moves to improve market transparency, trading safeguards
September 22, 2011--The Singapore Exchange (SGX) will roll out two new initiatives to improve market transparency and trading safeguards.
This follows a three-month public consultation period.
SGX will now publish real-time indicative equilibrium prices (IEP) during the opening and closing routines.
This acts as an indication of the eventual opening or closing prices and allows punters to better assess market conditions, and adjust their orders accordingly.
The indicative equilibrium price (IEP) is the price at which orders would be executed if auction matching were to occur at that point.
SGX will also have a random ending to the pre-open and pre-close phases of the stock market.
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Source: ChannelNews Asia
TSE to Begin Calculation and Publication of “TOPIX Active in Asia Index”
September 22, 2011-In response to the various indexing needs of our market participants, the TSE will begin calculating and publishing the “TOPIX Active in Asia index” on Tuesday, October 11, 2011.
This index is comprised of 25 issues from the TOPIX 500 index selected based on the proportion of sales made in Asia, and will serve as a benchmark stock price index for ETFs, mutual funds and other investments.
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Source: Tokyo Stock Exchange
Asia Hedge Funds' Assets at 32-month High
September 21, 2011--Asia-focused hedge funds attracted a net inflow of about $500 million in August, increasing their total inflows for 2011 to $7 billion, as investors shrugged off volatile markets and raised bets on the region's fast growth, new data showed.
Asian hedge fund assets rise to $136 bln - Eurekahedge
Net inflows so far in 2011 at $7 bln vs $4 bln in 2010
Funds see net inflows for the 16th consecutive month
Flows this year has exceeded last year's when these funds got net inflows of $4 billion, data released on Wednesday by Singapore-based hedge fund tracker Eurekahedge showed.
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Source: Financial Express
Barclays lists 10th Exchange Traded Note on the Tokyo Stock Exchange - Barclays iPath® ETN series
September 21, 2011-- Barclays Bank PLC announced today the listing of a 10th iPath® Exchange Traded Note (ETN) on the Tokyo Stock Exchange (TSE).
As in the case of the nine ETNs (volatility and commodity-related) listed on 23 August and 6 September, this new ETN will be in the format of a Japanese Depositary Receipt (JDR).
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| Ticker | Issue Name | Underlying Index | Trading Unit |
| 2030 | iPath®S&P 500 VIX Short-Term Futures JDR | S&P 500 VIX Mid-Term Futures Index Total Return | 1 |
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Source: Tokyo Stock Exchange
Japan unveils yen-mitigation package
September 20, 2011--The Japanese government on Tuesday unveiled an interim report on a series of measures aimed at preventing the persistently high yen from squeezing the nation's economy and industry.
"The package is aimed at not only cushioning the (yen's) impact but also at reinforcing the economy so it is not swayed by currency fluctuations," said Motohisa Furukawa, state minister in charge of economic and fiscal policy.
"It is also intended to make the most of the merits of the strong yen," Furukawa told a news conference.
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Source: FIN24
S&P Indices and Australian Securities Exchange statement on impact of alternate trading venues on the calculation of S&P/ASX Indices
September 20, 2011 – S&P Indices, the index provider of the S&P/ASX index series in Australia, and the Australian Securities Exchange (ASX), today issued a statement in response to recent queries directed to S&P Indices and ASX regarding the impact of alternate trading venues on the calculation of S&P/ASX indices.
Index methodology and calculations for S&P/ASX Index Series remain unchanged
The position of the index committee is that the index methodology and calculations for the index suite will remain unchanged post the introduction of alternate trading venues to the Australian market.
The index committee will monitor trading activity from alternate trading venues. Should the trading activity on one or more alternate trading venues develop such that the index would benefit from the inclusion of this data, then the index methodology will be reviewed accordingly.
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Source: S&P/ASX Index Series
SSE 380 Style Indices, SSE Health Care Theme Index, SSE Agriculture Theme Index to be launched
September 19, 2011--To further enhance the SSE and CSI index family as well as to provide new analysis tool and underlying instrument for investors, SSE 380 Style Indices 、
SSE Health Care Theme Index and SSE Agriculture Theme Index and are to be launched on October 18th,2011 by SSE and CSI.
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Source: Shanghai Stock Exchange
DB - Equity Research - Asia Pacific ETF Weekly Review-ETP AUM remain flat amid mixed markets
September 19, 2011--Market Review
Asia-Pacific markets were mixed last week, with the northern territory outperforming other parts of the region. From north to south, Japan (Nikkei 225) and South Korea rose by 1.45% and 1.76% respectively, while China (CSI 300), Hong Kong (HSI), Singapore (FSSTI) and Australia (S&P/ASX 200) lost 0.62%, 2.07%, 1.28% and 1.08% respectively, during last week.
New Launch Review
In terms of new product launch activity, the Asia-Pacific market remained quiet during the preceding 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 $6.4bn for the week ending last Friday, 13.2% below the previous week’s total and 34.2% up from last year’s weekly average. South Korea continues to be on top of the turnover ranking with $2.8bn (down 27%), followed by Hong Kong ($1.1bn, down 0.4%), China ($1bn, down 0.7%), Japan ($736m, up 10.6%), and Taiwan ($250m, up 19.2%). Among Equity ETFs, Emerging Country, Asia Pac Developed Country, Short Strategy, and Leveraged Strategy ETFs had total turnover of $2bn, $1.5bn, $1.2bn and $1.1bn respectively. Under the Commodity asset class, turnover on Gold ETPs totaled $333m, 29.7% down from last week.
Assets Under Management Review
Asia-Pacific ETP AUM remained technically flat and stood at $91bn at the end of last week. On a year to date basis, Asia-Pacific ETF assets are $6.8bn or 8.1% above last year’s closing.
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Source: Deutsche Bank - Equity Research - Asia Pacific
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