TSE Published The Index Value Of TSE Home Price Index For May
July 26, 2011--TSE published the index value of TSE Home Price Index for May on July 26, 2011. The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 81.86 points.The index value of TSE Home Price Index (Used Condominium, Tokyo) is 85.69 points.
The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 81.87 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 72.30. The index value of TSE Home Price Index (Used Condominium, Saitama) is 69.70 points.
Source: Tokyo Stock Exchange
KRX To List KODEX Solar Energy ETF On July 27, 2011
July 26, 2011--The Korea Exchange (“KRX”) is going to list KODEX Solar Energy ETF that tracks Solar Energy Index produced by FnGuide. The trust principal is approximately KRW 7.1bil.
With the listing of KODEX Solar Energy ETF, the total number of ETFs listed this year would be 37, bringing the total number of the ETFs listed on the KRX to 101.
The base value of Solar Energy Index is 1,000 points, with the base date of September 1, 2009, and as of July 20, 2011, the index value is 2,925.37 pt. The recent 3-month return is -9.6 %pt below that of KOSPI, however, the return for recent two years and 2011 is 55.09% and 15.45%, respectively, higher than that of KOSPI.
KODEX Solar Energy ETF agrees with today’s green growth trends, and is expected to contribute the growth and development of green industry. In addition, investors could enjoy the opportunity to invest in the companies that do businesses in the new growth engine areas.
Source: KRX
Release of the "Partial Revisions of Securities Listing Regulations in Connection with Partial Revisions of Registration System for Listed Company Audit Firms, etc."
July 26, 2011--Tokyo Stock Exchange, Inc. (TSE) released the “Partial Revisions of Securities Listing Regulations in Connection with Partial Revisions of Registration System for Listed Company Audit Firms, etc.”.
We will be accepting public comments regarding this partial revision from July 26, 2011 until August 9, 2011.
view the "Partial Revisions of Securities Listing Regulations in Connection with Partial Revisions of Registration System for Listed Company Audit Firms, etc." paper
Source: Tokyo Stock Exchange
India’s central bank raises key interest rate
July 26, 2011--India's central bank raised its key interest rate by half a percentage point Tuesday, its 11th hike in less than a year and a half, as it warned that inflation remains the country's main economic concern.
The bank raised the short-term lending rate - or repo rate - from 7.5 percent to 8 percent, a bigger increase than expected after inflation rose to 9.4 percent in June from 9.1 percent in May. "Inflation continues to be the dominant macroeconomic concern," said Reserve Bank of India Governor Duvvuri Subbarao.
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Source: Todays Zaman
Deutsche Bank - Equity Research-Asia-Pac ETF Market Weekly Review: Market rally pushes AP ETP AUM closer to $100bn
July 25, 2011--Market Review
Asian stocks climbed last week as a result of the steps taken by European leaders toward easing the region’s sovereign debt crisis including fresh aid for Greece, although Chinese stocks fell owing to the rising interest rate concerns. In all, Japan (Nikkei 225) advanced by 1.58%, Korea (KOSPI2) gained 1.07%, China (CSI 300) plunged by 1.95%, Hong Kong (HSI) increased by 2.60%, Singapore (FSSTI) climbed by 3.20% and Australia rose by (S&P/ASX 200) 2.89%.
New ETP launches: New offerings bring Korea Stock Exchange to the century mark
With the launch of five new products last week, total listed ETP count on the Korea Stock Exchange reached 100. Among the new launches Mirae Asset MAPS Global Investments listed two Equity ETFs, tracking S&P 500 Futures Excess Return Index and KRX Health Care Index respectively, and one Fixed Income ETF providing inverse returns on the 3Y Korea Treasury bond futures prices (F-KTB Index). In addition, Woori Asset Management listed one Equity ETF tracking the FnGuide-RAFI Korea Large Index, and Samsung Investment Trust Management listed one Commodity ETF tracking the S&P GSCI Sliver TR Index.
Turnover Review: Floor activity down by 25%
Last week, turnover activity was down in all the major Asia-Pacific markets and after a week-over-week decline of 25%, total turnover reached $4.3bn. In the past week, South Korea topped the turnover ranking with $1.5bn (down 18%) followed by Hong Kong ($889m, down 40.6%), China ($847m, down 18%), Japan ($468m, down 19.1%) and Taiwan ($210m, down 41.3%). Among Equity ETPs, Emerging Country ETPs experienced a significant week-over-week turnover fall of $871m or 32.1%. On the Commodities section Gold ETPs activity also declined by 31.6% totaling $149m for the last week.
Assets Under Management Review: Moving towards $100bn
Asia-Pacific ETP AUM advance continues and last week it reached $97.2bn with a 1.8% week-over-week increase. On a year to date basis, Asia-Pacific ETF market is significantly above last year’s closing of $13bn or 15.4% increase. .
to request report
Source: Deutsche Bank - Equity Research - Asia
‘Pension money is the game-changer'
July 22, 2011--Pension money is the way to greatly improve retail participation in the equity market. On any 20-year horizon, this asset class is the only one that will produce a return to beat inflation by a significant margin. We cannot flog only the retail horse. To build market volumes, we need institutions, arbitrageurs, and so on. For that, you need to keep an eye on taxes and duty structures. If they become too high, it is counter-productive; volumes will collapse.
Mr Ravi Narain, Managing Director of India's premier stock exchange, the NSE, has several unconventional ideas to encourage retail participation in the markets — inject pension funds into equities in small doses, promote exchange-traded funds and make free research available on every listed company. He and Ms Chitra Ramakrishna, Deputy Managing Director, also assert that the NSE is very much in favour of listing of the stock exchange, if the regulatory part can be separated.
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Source: Hindu Business Line
Shanghai Stock Exchange: SSE 380 Equal Weight Index To Be Launched
July 21, 2011--To further enhance the SSE index family as well as to provide new analysis tool and underlying instrument for investors, Shanghai Stock Exchange and China Securities Index Co Ltd announced that
the SSE 380 Equal Weight index is to be launched on August 12, 2011.
Source: Shanghai Stock Exchange (SSE)
Tokyo Stock Exchange: Publication Of “Portfolio Composition File” For Exchange Traded Funds
June 20, 2011--Among those listed exchange-traded funds (ETFs) for which the TSE calculates the per-share indicative net asset value (Indicative NAV), we will begin publishing the Portfolio Composition File (PCF)(※)for the following issues on July 25, 2011.
The TSE began calculating and distributing indicative NAV values in real time on April 11 of this year, and by publishing PCF information we aim to further enhance investor usability and deepen market liquidity through increased arbitrage and other trades that utilize the ETF market.
view the List of ETFs for which PCF information is scheduled to be published
Source: WFE
Tokyo Stock Exchange To Begin Calculation And Publication Of The “Tokyo Stock Exchange Mothers Core Index”
June 20, 2011--In response to the various indexing needs of our market participants, the TSE will begin calculating and publishing the “Tokyo Stock Exchange Mothers Core Index,”
comprised of the leading issues in the TSE Mothers Market.
1.Outline
Index name | Tokyo Stock Exchange Mothers Core Index |
Constituents | Domestic issues listed on the Mothers market selected by the TSE based on factors such as market capitalization, trading value and financial statistics |
Calculation Method | Modified average method (total trading unit-adjusted price of all constituent issues divided by the total adjusted price on the base date). |
Anticipated Launch Date | Fall, 2011 |
Total Return Index | Available |
Calculation Interval | Disseminated to securities companies, information vendors, etc. in real time (i.e. every 15 seconds) through the Market Information System (MAINS) (price index only). |
Dissemination Through TMI Service | Provided through the TOPIX data service (new DFS service). |
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Source: Tokyo Stock Exchange
Deutsche Bank - Equity Research-Asia-Pac ETF Market Weekly Review : ETF market keeps growing in every dimension
June 20, 2011--Market Review
Asia-Pacific markets declined last week as credit rating agencies put U.S. on review for a possible downgrade and the European debt crisis concerns keep looming. From north to south, Japan (Nikkei 225) slid 1.61%, Korea (KOSPI2) declined by 2.26%, China (CSI 300) gained 0.63%, Hong Kong (HSI) dropped by 3.74%, Singapore (FSSTI) sank by 2.13% and Australia (S&P/ASX 200) plunged by 3.89%.
New ETP launches: offer expands beyond plain equity with 3 new products
Last week, three new products were launched in the Asia-Pacific region. Among these, two currency ETFs were listed by BetaShares Capital Ltd on Australian Securities Exchange tracking the value of British Pound and Euro, respectively, relative to Australian Dollar. Another ETF was listed by Bosera Fund Management Co Ltd on Shenzhen Stock Exchange tracking Shenzhen Fundamental 200 Index. (See Figure 4 for more details)
Turnover Review: Activity soars in South Korea
Last week, turnover activity increased by 9.9% over the previous week and stood at $5.7bn. In the past week, South Korea topped the turnover ranking with $1.8bn (up 49.4%) followed by Hong Kong ($1.5bn, up 10.9%), China ($1bn, down 22.1%), Japan ($578m, down 23.7%) and Taiwan ($359m, up 90.7%). Among Equity ETPs, Short and Leveraged ETPs experienced significant week-over-week turnover rise of $459m or 65%. On the Commodities section Gold ETPs activity also rose, recording a 104% increase and totaling $217m for last week.
Assets Under Management Review: AUM surpass $95bn level
Asia-Pacific ETP AUM has now reached $95.5bn and managed to remain flat on a week over week basis in spite of the significant decline in asset prices across the local markets. On a year to date basis, however, the AP ETF market is significantly above last year’s closing with $11.3bn or 13.4% increase.
to request report
Source: Deutsche Bank - Equity Research - Asia
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