FTSE and Value Partners launch custom FTSE Value-Stocks China A-Share Index
February 22, 2011--FTSE Group (“FTSE”), the leading global index provider, and Value Partners Index Services Limited (“Value Partners”), a wholly-owned subsidiary of Value Partners Group, today launched the FTSE Value-Stocks China A-Share Index. The customised index offers a new and unique investment opportunity for investors looking to benefit from Value Partners’ expertise in value investing, as applied to China’s A-Share market.
The new index uses Value Partners’ unique value investing methodology, and is calculated and maintained using FTSE’s dedicated custom index solutions. The Index* captures the performance of liquid-value stocks selected from the investable universe of companies listed in China’s A-Share market. Performance of FTSE Value-Stocks China A-Share Index since the base date of 31 May 2005 until 31 January 2011 was 396.2%, compared to FTSE China A50 Index’s performance of 173.5% over the same period.
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Source: FTSE
Thai Bourse launches Silver Futures & extends trading hours for Silver & Gold Futures in June 2011
February 22, 2011--The Thailand Futures Exchange Plc (TFEX), part of The Stock Exchange of Thailand, will begin trading silver futures and extend trading hours for gold and silver futures until 22:30 hours, both starting in June 2011.
Silver has been gaining popularity among investors due to its upward price tendency and its relationship with gold prices, TFEX Managing Director Kesara Manchusree reported. Investors in gold can employ similar trading strategies for both precious metals. Moreover, they see more opportunities in silver because of its comparatively low price and high volatility.
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Source: WFE
First Currency ETF To Be Listed on the Korea Exchange
February 22, 2011--KOSEF USD Futures ETF, the first currency ETF listed on the Korea Exchange (KRX), will start trading from February 24, 2011.
KOSEF USD Futures ETF tracks the price of nearest month contract of USD futures (F-USDKRW) and rolls over every month.
The principal value of investment and unit price of KOSEF USD Futures ETF are KRW 10 billion and KRW 12,000, respectively.
It is expected that KOSEF USD Futures ETF would provide the retail investors and investors with small capital with the low risk and low cost investment tools for participating in USD currency market.
During the first two months of 2011, total of five new ETFs, including KOSEF USD Futures ETF, were listed on the KRX, thus raising the total number of listed ETFs to 69.
Source: KRX
Launch of Tokyo Stock Exchange High-Speed Index Service -TOPIX distributed on the millisecond level: one of the world's fastest-
February 22, 2011--Tokyo Stock Exchange, Inc. (TSE), in collaboration with Hitachi, Ltd. (Hitachi), will launch a new "High-Speed Index Service" on Monday February 28, 2011. In addition to the current service in which the TOPIX and other price indexes are disseminated every second, the indexes in the new service will be calculated with each change in the price of a constituent stock and disseminated on the millisecond level.
The new service is one of the world's most advanced, and will feature new "best quote indexes" which are calculated based on the best quotes* for each individual index constituent.
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Source: Tokyo Stock Exchange
Singapore Exchange Partners With NASDAQ OMX to Offer Innovative Corporate Solutions to Asian Companies
Partnership to Provide Extensive Suite of Tools and Solutions to Asian Market
February 22, 2011--Singapore Exchange (SGX) in partnership with the NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) will be offering a comprehensive suite of tools and solutions designed to enhance corporate activities for listed companies in Asia starting with Southeast Asia and India.
The SGX-NASDAQ OMX suite of tailored tools and solutions provides companies with market intelligence, communications tools and governance solutions.
The suite includes access to impactful Investor Relations websites built to improve shareholder communication, as well as the GlobeNewswire press release distribution network designed to effectively disseminate corporate announcements, and advertising opportunities through the NASDAQ OMX MarketSite in New York.
SGX will also offer competitive market intelligence to assist companies in monitoring their stock performance, peers' performance and industry developments by using powerful analytic tools and solutions. Listed companies can also use a secure portal to better manage board information and documents.
"We are pleased to announce this unique partnership with SGX, which gives Nasdaq OMX the opportunity to support Asian companies with efficient, comprehensive tools and solutions within the corporate solutions community. We look forward to working with SGX and further engaging with an international audience," said Bruce Aust, Executive Vice President of Global Corporate Client Group, NASDAQ OMX.
Gan Seow Ann, President at the Singapore Exchange, said, "This product suite will help listed companies to reach out to their shareholders and global investors in a more impactful way. Effective communications and profiling will strengthen investor confidence and promote interest. We believe our customers will benefit from this additional initiative with NASDAQ OMX."
Source: MASDAQ OMX
The Demographic Dividend: Evidence from the Indian States
February 22, 2011--Large cohorts of young adults are poised to add to the working-age population of developing economies. Despite much interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study makes progress by focusing on India, which will be the largest individual contributor to the global demographic transition ahead.
It exploits the variation in the age structure of the population across Indian states to identify the demographic dividend. The main finding is that there is a large and significant growth impact of both the level and growth rate of the working age ratio. This result is robust to a variety of empirical strategies, including a correction for inter-state migration. The results imply that a substantial fraction of the growth acceleration that India has experienced since the 1980s - sometimes ascribed exclusively to economic reforms - is attributable to changes in the country’s age structure. Moreover, the demographic dividend could add about 2 percentage points per annum to India’s per capita GDP growth over the next two decades. With the future expansion of the working age ratio concentrated in some of India’s poorest states, income convergence may well speed up, a theme likely to recur on the global stage.
view IMF Working paper-The Demographic Dividend: Evidence from the Indian States
Source: IMF
TSE to list 100th ETF - China-Related Equity ETF (managed by Nikko Asset Management Co., Ltd.)
February 21, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of "Listed Index Fund Nikkei China Related 50", managed by Nikko Asset Management Co., Ltd. The new ETF will be listed on Thursday, March 10, 2011.
Code | 1556(ISIN JP3047350008) |
Name | Listed Index Fund Nikkei China Related 50 |
Trading Unit | 10 units |
Underlying Index | Nikkei China Related Stock 50 |
With this listing, there will be a total of 100 ETFs listed on the Tokyo market, thus attaining the goal of 100 listed ETFs by the end of fiscal year 2010, as laid out in the Medium-Term Management Plan. We sincerely appreciate the cooperation of the various parties involved in achieving this goal. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors.
Source: Tokyo Stock Exchange
Immediately Executable Price Range Rule/ Price Limits/ Circuit Breaker Rule
February 21, 2011--From the viewpoint of preventing sudden price fluctuations, such as caused by erroneous orders, a rule is established to temporarily halt trading, when an order placed will trade beyond a set price range from the last traded price (hereinafter referred to as "Immediately Executable Price Range Rule").
The following range from the last traded price in the auction market (excluding trades from Strategy Trading) for each category as listed below. However, if there is no last traded price during the same trading day, the reference price for daily price limits shall be the base price for the Immediately Executable Price Range Rule.
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Source: Osaka Securities Exchange
Shanghai stocks touch 3-month high
February 21. 2011--Shanghai stocks hit a three-month high on Monday on gains for technology and resource stocks while India’s equity market extended a recovery from its recent inflation-induced correction.
The FTSE Asia-Pacific index edged back slightly by 0.1 per cent to 268.37 as political tensions across North Africa and the Middle East led to investor caution elsewhere?in?the?region.
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Source: FT.com
TOCOM to change Nikkei-TOCOM Commodity Index Futures contract specification
February 18, 2011--TOCOM will revise the contract specification of Nikkei-TOCOM Commodity Index Futures contract (TOCOM NEXT) for the reasons outlined below:
Since the launch on March 23rd, 2010 on a trial basis(*) of the Nikkei-TOCOM Commodity Index Futures, the market price (closing price) and the Settlement Index Point based on the actual Index value (theoretical price) have been constantly diverging, resulting in frequent additional margin calls on the first mark-to-market when a new position is taken,
or triggering loss-cut orders immediately after the opening of a Day Session where the market price diverged again from the daily Settlement Index Point.
These problems have deteriorated trading volume and market liquidity of the contract, and TOCOM concluded that if they were to be left unsolved, the risk of unforeseeable loss would continue to rise as liquidity further aggravates.
In order to ameliorate these problems, and to fulfill our function as a public utility to provide investment and hedging tools against inflation, TOCOM has concluded that a drastic reform is necessary for the Nikkei-TOCOM Commodity Index Futures contract.
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Source: TOCOM
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