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Three New ETFs To Be Listed on the Korea Exchange
April 6, 2011--Bluechip 30 ETF, Industrial Metals Futures ETF, and Precious Metals Futures ETF, are scheduled to be listed on the Korea Exchange (KRX) on Aril 8, 2011.
The underlying indices of Bluechip 30 ETF, Industrial Metals Futures ETF, and Precious Metals Futures ETF are MKF Bluechip30, S&P GSCI Industrial Metals Select Index (TR), and S&P GSCI Precious Metals Index (TR), respectively.
The KRX has listed total of 22 new ETFs this year, which increases the total listed number of ETFs to 86.
Source: KRX
Japan nuclear crisis to affect climate battle: EU
April 4, 2011--Japan's nuclear crisis will have a clear impact on global efforts to fight climate change, the chief EU negotiator said Sunday as the latest round of UN talks got under way.
"Nuclear is one of those energy options that has very, very low greenhouse gas emissions," Artur Runge-Metzger said at a news conference on the sidelines of the meeting in Bangkok.
"If you look at the energy mix countries were planning to have in the future, nuclear plays an important role."
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Source: EUbusiness
Eight Sector ETFs To Be Listed On The Korea Exchange
April 4, 2011--The Korea Exchange (KRX) plans to introduce eight newly developed sector ETFs tracking each of eight KOSPI 200 subsector indices, including KOSPI 200 subsector index based on the stocks of constuction equipment industry, on April 6, 2011.
After the introduction of these eight new ETFs, the total number of ETFs listed on the KRX would increase to 83.
Source: KRX
Nikkei Hits Two-Week High on Weaker Yen, Fund Inflows
March 31, 2011--Japan's Nikkei stock average climbed 2.6 percent, hitting its highest level since a post-quake panic sell-off as the yen softened against the dollar, but investors said the gains may be short-lived as bargain-hunting by foreigners peters out.
Market players also said the Bank of Japan's purchases of exchange-traded funds under an asset purchase programme adopted to bolster the economy was lending some support to the market ahead of the business year-end on Thursday.
Source: Reuters
Destimoney launches Gold Reserve Fund
March 31, 2011--Now, you have yet another option to invest in gold.
Destimony Securities has launched Gold Reserve Fund, a portfolio management services product, investing in gold.
The scheme will invest in gold exchange-traded funds of all Sebi-approved mutual funds, along with capital protection.
Being a PMS product, its tenure is 60 months and the minimum amount required is Rs. 5 lakh.
On maturity, the fund will deliver higher of - the highest account value reached in 41 months, or 105 per cent of the invested amount..
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Source: India Business News
Rate differentials curb yen
March 30, 2011--The yen hit a 10-month low against the euro and lost ground across the board as interest rate differentials moved against the Japanese currency.
Whereas authorities in Tokyo are expected to keep monetary policy loose to deal with the effects of the earthquake that hit the country this month, markets are expecting central banks in Europe and the US to begin tightening policy.
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Source: FT.com
China to build cotton reserve to encourage output
March 30, 2011--China plans to rebuild a cotton reserve this year to help encourage domestic production as farmers fret that prices could tumble from historic highs.
China is the world’s top producer of cotton, but a strong local textile industry also makes the country the largest cotton consumer and importer. Demand from Chinese mills played a key role in driving New York cotton prices to a record $2.27 a pound this month, up 175 per cent over the last year
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Source: FT.com
State Street adds to ETF stable
March 30, 2011--Continued growth in local demand for ETFs has prompted State Street Global Advisers (SSgA) to add a further three products to its SPDR ETF range.
In April, State Street will launch a new ETF focusing on resources, one on financials and a third tracking less mature, small cap companies, targeting higher growth and returns.
"The new SPDR funds will offer more precise exposure to two of the market's dominant segments, while small caps are an acknowledged growth sector," said Rob Goodlad, senior managing director, SSgA, Australia.
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Source: Standard online
Revised Components and Weight Percentage of Nikkei-TOCOM Commodity Index
March 30, 2011--Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange”) today announced the revised components and weight percentages of the Nikkei-TOCOM Commodity Index to take effect on June 1, 2011.
Please note that Gas Oil, Chukyo-Gasoline and Chukyo-Kerosene will not be added as components of the Nikkei-TOCOM Commodity Index, due to the current trading environment, etc.
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Source: TOCOM
USD Futures Inverse ETF To Be Listed On The Korea Exchange
March 30, 2011--KOSEF USD Futures Inverse ETF, which is designed in such a way that the net asset value moves inversely with the daily return of underlying asset, USD Futures, will be listed on April 1st, 2011 on the Korea Exchange (KRX).
Since the net asset value of this ETF increases when the value of Korean Won appreciates against US Dollar, when investing in the products exposed to risk of exchange rate volatility, this ETF can be used to effectively hedge against the exchange rate flunctuations.
KOSEF USD Futures Inverse ETF is the 11st ETF listed in 2011 and the total of 75 ETFs is now listed on the KRX.
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Source: KRX Korea Stock Exchange