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DB Global Equity Index & ETF Research : Asia Pacific ETP Market Weekly Review
August 24, 2010--Overview
There are 230 equity-based ETFs in the Asia Pacific region with 323 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM, accounting for 38.36% of the whole market, whilst China has the largest market share by turnover with 40.05%
There were three new listings in the last week. HDFC Asset Management Company Ltd. listed its first ever ETF in National Stock Exchange, India, becoming the eighth provider in India to offer a fund tracking gold. Similarly Nomura Asset Management listed two ETFs on Osaka Stock Exchange, Japan both of which aim to deliver exposure to well-established US benchmarks.
Turnover
Monthly average daily turnover remained at about the same level in the last week. Turnover for the previous week was USD 860m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, issued by BlackRock with USD 172m, accounting for 20% of total turnover.
Assets Under Management
AUM remained at about the same level in the last week. AUM as of Aug 20th was USD 63.4bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker managed by BlackRock with AUM of USD 6.7bn.
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Sensex opens over 39 pts down on global cues
August 24, 2010--The Bombay Stock Exchange benchmark Sensex opened over 39 points lower than the yesterday's close, on selling by funds and retail investors in realty, banking and metal sector stocks, triggered by weak global markets.
The 30-share barometer, which had slid by 97.76 points in the previous session, fell by another 39.33 points or 0.21 per cent to 18,272.26 points in the first five minutes of trading.
The wide-based National stock Exchange, Nifty index dipped below 5,500 points level to trade 16.05 points lower at 5,489.05 points.
New intra-second streaming of FTSE SET Large Cap will provide fastest delivery of Thai market data
August 23, 2010--FTSE Group (“FTSE”), the award-winning global index provider, and the Stock Exchange of Thailand (“SET”), announce that the SET Large Cap Index is being upgraded to provide the Thai market with the first truly real time index service. From today, the FTSE SET Large Cap Index will be delivered on a streaming, intra-second basis, rather than the standard 15 second tick dissemination for real time indices.
FTSE continues to lead the way in index innovation and is the first index provider to launch indices on a truly real time basis. The FTSE SET Large Cap Index value will now be disseminated each time there is a change in the underlying constituent price. This provides investors with a better reflection of market activity and increased transparency on trades against the index. Market participants, including investment banks and investment managers, using the new service can make trading decisions based on the latest index values and so respond more quickly to immediate market events.
As well as the faster dissemination of index values, FTSE has introduced real time total return index (TRI) values that were previously only available on an end-of-day basis. Extending this enhancement to the FTSE SET Large Cap Index supports the development of financial products against TRI benchmarks for Thailand and allows product issuers to make truly real-time intra-day valuations of index portfolios.
Paul Hoff, Director of Business Development Asia, FTSE Group said: “By always anticipating investors’ need, FTSE is at the forefront of innovation in investment solutions. Our new real time streaming of the FTSE SET Large Cap will enable investors respond to changes in the Thai markets faster. The service also enhances our ongoing work with the Stock Exchange to provide investors with the best index solutions for Thailand.”
“This latest development is another SET and FTSE effort to enhance market efficiency and we believe that this service will add lots of benefits to clients. The faster the data is released, the better the clients are able to make investment decisions.", said Ms. Kesara Manchusree, SET Group Head, Markets Division.
Further information on the FTSE SET Index Series is available at http://www.ftse.com/thailand and www.set.or.th.
Deutsche Bank launches Hong Kong 'dark pool'
August 23, 2010--Deutsche Bank on Monday launched a dark pool in Hong Kong, joining a growing number of financial institutions that are challenging traditional stock exchanges in Asia.
Germany’s biggest lender is the eighth group to have set up an alternative trading platform in Hong Kong in the last few years as dark pools expand rapidly beyond the US and Europe.
Deutsche plans to extend its dark pool, known as Deutsche Bank Automated Trading System (DBATS), to Australia, Japan and Singapore following its debut in Hong Kong.
New ETFs Provide Safe Haven From Global Unrest
August 20, 2010--Australian-based financial services group Lifestyle Asset Management (LAM) has added two new Exchange Traded Funds (ETFs) to its investment product Lifestyle ETF, which is incorporated under the Lifestyle Trader platform.
The move will provide traders with new, lower risk investment opportunities in Gold and Agri-business during these volatile times of global economic unrest.
ETFs have proven an extremely popular investment vehicle due to their provision of easy diversification, low expense ratios and tax efficiency of index funds, while still maintaining all the features of ordinary stock, such as limit orders, short selling and options.
Lifestyle Asset Management’s Chief Investment Officer, Mr Scott Goold, believes the additions to the ETF software will be of great benefit to investors.
“Due to the current state of the global economy a lot of investors are afraid and looking for safe places for their money,” he said.
“As bond prices and fixed interest investments are yielding low rates of return, Gold is shaping as a really a good investment right now, particularly if countries continue to borrow money to add stimulus and devalue their currencies.”
“The Swiss held Gold ETF can offer investors the added security they are searching for.”
Similarly, Mr Goold indicated that the Agri-business ETF would be a smart option for investors striving to capitalise on growth in developing regions such as Asia and South America.
“Food security is a particularly hot topic at the moment – recent increases in Grain prices have Agri-Business in sharp focus,” he said.
“We’ve added an agribusiness ETF so people can invest in a product that holds stocks in Agri-business companies, which will benefit from growth areas like Asia and South America.”
“People are demanding a more Western diet, which puts pressure on food prices and these Agri-business companies should benefit.”
For a free webinar demonstrating the Lifestyle Trader ETF software, please visit http://www.lifestyletrader.com/etf or contact 1800 113 124 for more information.
Questionnaire on TSE's Listing Rules and Systems for Investors
August 20, 2010--TSE has decided to conduct a survey to gather opinions from investors as below. Through the survey, TSE aims to (1) evaluate the measures that have been taken so far in order to improve conditions to enhance the corporate governance of listed companies and (2) identify issues and problems to further enhance the overall listing rules and systems.
The purpose of the questionnaire is to collect investors' honest opinions, which will form the foundation for the management and improvement of the listing rules and systems. As such, we appreciate your candid thoughts.
Deutsche Bank Joins SGX
August 19, 2010--Singapore Exchange (SGX) today said it has admitted Deutsche Bank to its securities market as a Bank Clearing Member.
Mr Rama Pillai, Senior Vice President and Head of Sales & Distribution at SGX said, “SGX welcomes Deutsche Bank to our securities market. The addition of new SGX members with large international presence strengthens Singapore‘s position as an investment destination and a financial centre. We look forward to Deutsche Bank, a provider of global transaction services including clearing services, to further enhance our reach to new customer segments.”
Thai Bourse To Grant THB80 Million Seed Money For 4 New ETF Launches
August 18, 2010-- The Stock Exchange of Thailand plans to grant THB80 million ($2.52 million) in seed money to four new exchange-traded funds to be launched this year, President Charamporn Jotikasthira said Wednesday.
Each ETF will receive THB20 million, he told reporters.
The first ETF, the ThaiDex SET50, was first introduced in the Thai market in September 2007 and tracks 50 stocks in the SET50 index.
Beijing looks to broaden renminbi use
August 17, 2010--China will allow foreign central banks and overseas lenders substantially to increase investment in its domestic interbank bond market, in a move aimed at encouraging internationalisation of the Chinese currency.
The People’s Bank of China, the central bank, said on Tuesday that it had launched a pilot project to allow more foreign access to its largely closed domestic interbank bond market to “encourage cross-border renminbi trade settlement” and “broaden investment channels for renminbi to flow back [to China]”.read more
Some financial institutions plan to launch more ETFs
August 17, 2010-- Exchange Traded Funds (ETFs) or funds that are being traded on stock exchanges are becoming more sophisticated.
Experts said some financial institutions like Deutsche Bank and BlackRock are looking into putting more of such products in the market.
However, they warned that unfamiliarity with the products among investors and lower profit margins for financial firms could dampen demand for complex ETFs.
Less complicated Exchange Traded Funds have seen better buy-ins. For instance, they boosted the Singapore Exchange's turnover by 33 per cent to some S$5 billion in the 12 months ended June 30 this year.
There are 73 ETFs in the Singapore market compared to just one which uses more active or sophisticated investment strategies.
