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Tokyo Stock Exchange To Begin Calculating And Publishing “Currency Hedge Indices”
January 19 2011--The Tokyo Stock Exchange begins calculating and publishing the TOPIX Total Return Euro Hedged Index to satisfy the market demands of capturing the return of currency-hedged indices.
TOPIX Total Return Euro Hedged Index is calculated by hedging beginning-of-period balances using rolling one-month EUR-JPY currency forward contracts.
This calculation method is based on methodology of S&P Indices (Standard&Poor's) and this index uses a hedge ratio of 100%.
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Source: Tokyo Stock Exchange
FSA publishes the exposures of Japanese deposit-taking institutions to subprime-related products and securitized products based on the leading practices summarized in the FSF report
January 18, 2011-- The Financial Services Agency (FSA) publishes the exposures of Japanese deposit-taking institutions (excluding agricultural cooperatives) to the subprime-related products and the securitized products based on the leading practices summarized in the FSF report. These figures are at the end-September 2010.
These figures at the end of September 2010 are available at:
Exposures of Japanese deposit-taking institutions to subprime-related products
Exposures of Japanese deposit-taking institutions to securitized products based on the leading practices summarized in the FSF report
Source: FSA Japan
Thai bourse’s index soars 41% over 2010, second highest in Asia
January 18, 2011--The overview performance of the Thai capital market in 2010 improved year-on-year, whether in terms of indices, market capitalization, or trading value. The Stock Exchange of Thailand’s SET Index closed 2010 at 1,032.76, up 40.60% from end-2009 and the second biggest rise in Asia. Total market capitalization from both SET and Market for Alternative Investment (mai) as of November 8, 2010 hit an all-time high at THB8.56 trillion (approx. USD280.20 billion).
The year 2010 saw a new record high in daily average trading value of SET and mai combined of THB29.06 billion (approx. USD 950.49 million), a year-on-year increase of 59.47%. Other all-time highs include internet-based trading reaching 24.56% of total trading by value, and daily average derivatives trading volume reaching 18,676 contracts.
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Source: Tivarti.com
SGX Enhances Market Access With Continuous All-Day Trading
January 18, 2011--Singapore Exchange (SGX) is enhancing access to companies listed on SGX by introducing continuous all-day trading from 9.00am to 5.00pm. SGX trading hours will therefore overlap more with those of other Asian exchanges, allowing investors who trade pan-Asian securities to respond to regional market movements and news flow.
Subject to regulatory approval, the SGX securities market is expected to begin trading on a continuous basis from 1 March 2011. The SGX derivatives market is already trading continuously.
In Asia, Korea Exchange, India's National Stock Exchange and ASX have already embraced continuous all-day trading. Other international exchanges such as New York Stock Exchange, NASDAQ and London Stock Exchange also operate non-stop all-day trading.
More recently, Tokyo Stock Exchange and Hong Kong Exchanges and Clearing have announced plans to increase trading hours, citing the need to strengthen competitiveness and enhance convenience for investors.
Source: Singapore Exchange (SGX)
BetaShares ETFs accumulate more than $70m in assets under management in first month of trading
January 17, 2011--One of the most successful ETF debuts on the ASX
Healthy product pipeline for 2011
SYDNEY, 17 January 2011: BetaShares Capital Limited (BetaShares) today announced its initial two ETFs have reached more than $70 million in assets under management in their first month of trading, making it one of the most successful ETF debuts on the Australian Securities Exchange.
BetaShares intends to add to its product offering over 2011, with Australia’s first currency ETF on track for launch in the coming weeks.
Listed on 15 December 2010, BetaShares two initial ETFs are as follows:
BetaShares Financials Sector ETF (ASX Code: QFN) - tracks the performance of the S&P/ASX 200 Financials Index (excluding Property Trusts)
BetaShares Resources Sector ETF (ASX Code: QRE) - tracks the performance of the S&P/ASX 200 Resources Index Global ETF veteran and BetaShares Head of Investment Strategy & Distribution Drew Corbett said the successful launch highlights strong ETF investor appetite.
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Source: BetaShares
Gold ETF holdings soar by 75% in India
January 14, 2011- Exchange traded funds (ETFs) in gold are glistering in India, the world’s most active bullion marketplace for the yellow metal.
Gold buying has been a custom for families for centuries in India. While Indian households own the largest quantity of physical gold—around 15000 tonnes in the world—the latest entrant in the form of Gold ETFs are doing roaring business in the country.
ETFs in gold in India were launched only a few years back. There are only eight mutual funds and banks that are offering Gold ETFs in the country. While the public investment into Gold ETFs in India is low compared to countries like the United States, its growth in the last two years has been unprecendented.
According to the latest data, holdings in India’s Gold ETFs soared by nearly 75% in December 2010 as investors bought in gold funds to the tune of around 15 tonnes.
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Source: Resource Investor
India’s inflation rate accelerates to 8.4 percent
December 14, 2011--India’s inflation rate jumped in December as fruit and vegetable prices climbed, adding to pressure for the central bank to continue raising interest rates.
Inflation for the month was 8.4 percent compared with 7.5 percent in November, the finance ministry said Friday. Aside from higher prices for staple foods, the jump in inflation was also driven by the increased cost of manufactured goods and fuel, the ministry said.
India’s central bank is expected to raise key interest rates for the seventh time in little over a year at its quarterly monetary policy review later this month with inflation showing little signs of moderation amid strong economic growth.
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Source: Todays Zaman
AXE ECN To Be Wound Up
January 14, 2010--The shareholders of electronic communications network company AXE ECN - NZX, Citigroup, Macquarie, Merrill Lynch, Goldman Sachs and Commonwealth Bank (CommSec) - advise that they have elected to cease operations of AXE ECN as a trading entity and wind up the company
AXE was established in 2006, and made its original application for an Australian Markets Licence (AML) in early 2007. After a review and careful assessment of the market today, AXE does not see opportunities for its business model to generate sustainable economic returns and shareholders have therefore agreed to cease operations of the legal entity
Source: Online News
Laos Securities Exchange goes live
January 14, 2011--On January 11, 2011, the Laos Securities Exchange (LSX) established jointly by the government of Laos and Korea Exchange was opened for trading at 09:00.
The KRX entered the MOU with the Bank of Laos, which is the central bank of the country in September 2007, stating their willingness to collaborate in the establishment of securities exchange in Laos. After 3 years of preparation, the LSX was incorporated on October 10, 2010 and opened for trading in January 2011. The LSX is the first overseas exchange that is modeled after the KRX.
The KRX has invested total of USD 9.8 million, including the cash contribution, provision of IT system, training of specialists and provision of consultation services for formulation of market laws and regulations, and holds 49% of equity of the LSX. The Bank of Laos has invested total of USD 10.2 million, including the cash contribution and provision of land and buildings, and holds 51% of equity of the LSX.
The board of directors of the LSX is composed of 3 members nominated by the Bank of Laos and 3 members nominated by the KRX. The Vice-chairman of LSX who is nominated by the KRX is accountable for the operation of 3 of 5 Departments that carry out the functions essential for the operation of the LSX.
Source: Laos Securities Exchange
OECD calls on Japan’s giant Government pension fund to integrate ESG
January 14, 2011--Japan’s giant Government Pension Investment Fund – the world’s largest pool of pension assets at JPY120trn (€1.1trn, $1.4trn) – should integrate environmental, social and governance (ESG) factors, according to analysis from researchers at the Organisation for Economic Cooperation and Development. They say this would help it keep pace with its peers and diversify its investments.
The investment policy should consider the fund‘s potential impact on the domestic economy and financial stability and it should integrate environmental, social and corporate governance (ESG) factors,” the report by the OECD’s Fiona Stewart and Juan Yermo states.
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Source: Responsible Investor
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