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HKEx to Introduce Synthetic Futures Trading in its Stock Options Market on 9 May
May 4, 2011--Hong Kong Exchanges and Clearing Limited (HKEx) will introduce a standard combination trading function in its stock options market on Monday, 9 May this year to allow investors to use synthetic futures strategies in the trading of five active stock option classes: China Construction Bank, China Life Insurance, China Mobile, HKEx and HSBC.
A synthetic futures strategy is a stock option combination which consists of two legs. The buyer in a synthetic futures transaction buys a call option and sells a put option with the same underlying stock, strike price and expiry date, whereas the seller in the transaction sells a call option and buys a put option with the same features. The following table provides an example of synthetic futures transactions:
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Source: HKEx
Asia 2050: Realizing the Asian Century
May 4, 2011--An additional 3 billion Asians could enjoy higher living standards, and the region could account for over half of global output by the middle of this century, says a new ADB commissioned report. This potentially promising future for the region sometimes referred to as the "Asian Century" though plausible, is by no means preordained.
The rapid rise of Asia over the past 4-5 decades has been one of the most successful stories of economic
development in recent times. Today, as Asia leads the world out of recession, the global economy’s center of
gravity is once again shifting toward the region. The transformation underway has the potential to generate per
capita income levels in Asia similar to those found in Europe today. By the middle of this century, Asia could account for half of global output, trade, and investment, while also enjoying widespread affluence.
view the report-Asia 2050: Realizing the Asian Century
Source: Asian Development Bank
BetaShares launches Australia's first hedged gold ETF
May 4, 2011--BetaShares Capital Limited (BetaShares) has today listed Australia’s first Australian dollar (AUD) hedged gold bullion ETF on the Australian Securities Exchange (ASX), substantially removing the impact of movements in the AUD/USD exchange rate which have, in recent times, negatively impacted investors’ returns from gold ETFs.
Physical gold has delivered exceptional returns over the past decade as investors flocked to safe haven assets in volatile markets. Backed by physical gold bullion and trading under the ASX Code ‘QAU’, BetaShares Gold Bullion ETF (A$ Hedged), gives investors a simple, low-cost, liquid and efficient way to access the precious metal without the currency risk.
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Source: BetaShares Capital Limited
FMC resumes offensive on gold ETFs
May 3, 2011--In a move that signals a fresh round of turf war between regulators, the Foward Markets Commission (FMC, the commodity futures market regulator, has again asked the Securities and Exchange Board of India (Sebi) to check any further listing of any commodity asset-based exchange traded funds (ETFs), especially gold ones.
Gold ETFs are currently under Sebi’s purview. The move follows swift growth in assets under management of gold-based ETFs.
In a letter last month to Sebi’s new chairman, the FMC has reiterated anxiety over such growth. The issue was raised last year, too, and then put aside upon higher intervention, said official sources.
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Source: Business Standard
Shanghai Stock Exchange High-End Equipment Manufacturing 60 index,SSE 180 Equal Weight Index,SSE 180 Sector Equal Weight Index To Be Launched
May 3, 2011--To further enhance the SSE and CSI index family as well as to provide new analysis tool and underlying instrument for investors, SSE High-End Equipment Manufacturing 60 index,SSE 180 Equal Weight Index,SSE 180 Sector Equal Weight Index are to be launched on May 24 2011
by SSE and CSI. The methodologies can be seen in www.sse.com.cn and www.csindex.com.cn.
Gold funds shine bright for Indian investors
May 1, 2011-- Indian investors increased their holdings in gold exchange-traded funds (ETFs) as the yellow metal's price soared in the January-March quarter.
The behaviour of Indian as well as European investors was in contrast to those in the US and the UK. Gold ETFs in the US and the UK experienced net redemptions during the period, according to the World Gold Council.
“Redemptions were the highest in the US and London, but most other countries had positive net inflows,” it said in its Investment Digest.
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Source: Business Line
India gold ETF volumes rise 57 pct in Feb, seen jumping
April 29, 2011-- Gold volumes in the Exchange Traded Funds (ETF) in India, the world's largest consumer of bullion, jumped 57 percent on year to 15.077 tonnes in February on rising investor interest in the yellow metal, data from the fund houses showed.
"There has been steady inflow of gold in the fund with increased awareness, and there hasn't been much outflow," said Chirag Mehta, fund manager, Quantum Gold Fund.
Gold on India's Multi Commodity Exchange steadied at 22,257 rupees per 10 grams on Friday, near its previous day's record of 22,349 rupees.
India will celebrate Akshaya Tritiya on May 6 and the wedding season will continue till the end of May. Last year, consumers preferred to buy the yellow metal in electronic form though the festival day fell on a Sunday as exchanges organised a special trading session.
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Source: Reuters
BetaShares U.S. Dollar ETF quadruples in size in a month
BetaShares U.S Dollar ETF (ASX Code: USD) AUM reaches $50 million
USD consistently ranking as one of top three most actively traded ETFs
BetaShares passes $120 million in AUM three months after initial product launch
April 29, 2011--BetaShares Capital Limited (BetaShares) has announced that its US dollar exchange traded fund (ASX Code: USD) has quadrupled in size in the last month
reaching $50 million in assets under management. The strong demand for this product has also resulted in BetaShares reaching another milestone, surpassing $120 million in AUM in just three months post the launch of its initial products.
Listed on 1 February 2011, BetaShares U.S. Dollar ETF tracks the performance of the US dollar (US$) relative to the Australian dollar (A$) using a simple, transparent and highly costeffective
structure backed by US dollars held in a bank account with JP Morgan Chase Bank.
Drew Corbett, Head of Investment Strategy & Distribution at BetaShares said the demand for the U.S. Dollar ETF has exceeded expectations and has consistently ranked as one of the top three most traded ETFs on the Australian Securities Exchange.
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Source: BetaShares
Partial Revision to Listing Regulations to Support Recovery of Corporations and Regions Affected by the Earthquake
April 28, 2011--I. Purpose
The Great East Japan Earthquake and subsequent tsunami along the coast of the Tohoku region caused extensive human and material damage, in addition to significantly affecting corporate activities and performance both in the afflicted regions and the surrounding areas. Widespread infrastructure problems and damaged supply chains have destabilized production, raising concerns of national economic stagnation and a loss of international competitiveness.
Tokyo Stock Exchange (hereinafter "TSE"), as the central market of Japan, is dedicated to supporting the recovery of the affected companies and regions and contributing to the revitalization of the Japanese economy. TSE will implement measures in the listing regulations which will enable flexible handling of companies whose business was impaired by the disaster such as introducing special regulations which take into account the effect of the earthquake. In conjunction with this revision, TSE will also consider the effect of the earthquake in its listing compliance and initial listing operations.
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Source: Tokyo Stock Exchange
Thai Bourse To Trades Silver Futures On June 20 And To Extends Hours In Gold & Silver Futures
April 28, 2011-On June 20, the Thailand Futures Exchange PLC (TFEX), part of The Stock Exchange of Thailand, will begin trading silver futures and extend gold and silver futures trading until 22.30 hours.
“TFEX will complete the joint system test with its members within May and hold seminars from May through July, featuring expert lecturers from overseas and TFEX members, to enhance investors’ knowledge on silver futures trading,” revealed TFEX Managing Director Kesara Manchusree.
Silver futures uses 99.9% pure silver as its underlying asset, which is a standard purity level for trading in the international markets. The contract size is set at 100 troy ounces (approx. 3 kgs.), worth around THB140,000 (approx. USD4,600). The silver futures settlement method will be cash settlement, using the London Silver Fixing Price as the reference price.
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Source: Thaiprnet