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DB Index Research -- Weekly ETF Market Review -- Asia Pacific
March 17, 2010--Market Overview
There are 206 equity based ETFs in the Asia Pacific region with 283 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.41% of the whole market, whilst China has the largest market share by turnover with 35.38%.
There was one new listing in the last week. Deutsche Bank AG listed the first UCITS III ETF on MSCI Indonesia on Singapore Stock Exchange. The fund, which offers the cheapest option to the Indonesian Market, became the third fund tracking the Indonesian Economy. The other two peers are listed in the US and in Indonesia itself.
Turnover
Monthly average daily turnover declined 7.8% in the last week. Turnover for the previous week was USD 686m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 139m accounting for 20.3% of total turnover.
Assets Under Management
AUM remained at about the same level in the previous week. AUM as of March 15th were USD 60.4bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 6.3bn.
To request a copy of the report
OSE - Request for Public Comments: Revisions of Futures and Options Trading Rules
March 17, 2010--OSE will introduce a new derivatives trading system, which is scheduled to be launched in the first quarter of 2011.
From the viewpoint of improving convenience for investors, OSE will make
additional revisions of futures and options trading rules, such as abolishment of
lunch-time break.
HKEx Publishes its 2009 Corporate Social Responsibility Report
March 16, 2010--Hong Kong Exchanges and Clearing Limited (HKEx) has published its 2009 Corporate Social Responsibility (CSR) Report, “Our Commitment to Sustainable Value”, which depicts HKEx’s progress in its journey towards creating sustainable value for its shareholders and other stakeholders.
To enhance the quality and standard of HKEx’s CSR reporting, the Report was prepared in accordance with the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, an internationally recognised sustainability reporting framework for the transparent and reliable exchange of sustainability information. The Report was independently verified and qualified as GRI application level A+, which denotes that the GRI Guidelines and other Reporting Framework elements have been applied in the preparation of the Report to the best extent.
“Being the pioneer among the world’s stock exchanges in publishing a CSR report complying with the GRI G3 Guidelines, HKEx aims to take a leading role to promote the transparency and accountability of CSR performance to stakeholders and the development of socially responsible practices in our marketplace and community.” Charles Li, HKEx’s Chief Executive and Chairman of the CSR Committee, said.
In line with HKEx’s steadfast commitment to be environmentally friendly, the Report is published only in electronic form and is available on the HKEx website. An interactive online version will be made available in mid-April 2010 to promote stakeholder inclusiveness and user-friendliness of the Report.
view the 2009 Corporate Social Responsibility (CSR) Report
Bank of China gears up for $7bn HK offer
March 16, 2010--Bank of China is closing in on a $7bn share offering in Hong Kong, in the latest move by mainland lenders to bolster balance sheets strained by loan growth.
The bank is this week interviewing investment banks to help advise on the capital raising, people familiar with matter said.
BoC had announced plans for a Rmb40bn ($5.9bn) convertible bond issue on the mainland.
Exposures of Japanese deposit-taking institutions to subprime-related products and securitized products based on the leading practices summarized in the FSF report
March 12, 2010--The FSA published today the exposures of Japanese deposit-taking institutions (excluding Japan Agricultural Cooperatives) to subprime-related products and securitized products based on the leading practices summarized in the FSF report. Those figures are at the end-December 2009.
view the Exposures of Japanese deposit-taking institutions to subprime-related products
Platts introduces world's first daily metallurgical coal price assessments
New Price Data Help Steel Mills, Miners Value Asia-Bound Coking Coal
Platts, the leading global energy and metals information provider, today announced it will launch the world's first daily metallurgical coal assessments on March 15, 2010. The new daily assessments address miners' and steel mills' needs for an independent daily spot assessment in the burgeoning Asian market to better determine pricing for short- and long-term contracts.
The two assessments, reflecting hard coking coal loading in Australia for any destination and delivered into China from any potential source, complement both Platts' existing monthly coking coal assessments published in International Coal Report and Platts' IODEX iron ore assessments published in Steel Markets Daily, providing greater transparency into pricing in the steelmaking supply chain in the Asia-Pacific region. Coke, made in ovens from coking coal, provides the heat and combustion that is required in steel mill blast furnaces.
"These new assessments, along with a dry bulk freight price from Australia to China, allow us to deepen our analysis of blast furnace economics, particularly those in China," said Platts Global Director of Steel Francis Browne. "It's our hope the price transparency provided by Platts for this vital steel making ingredient will meet the global industry's need for comparative valuations of coking and other metallurgical coals," explained Browne.
Some other key findings of the 2008/09 survey
Overseas institutional investors, the largest contributors among all investor types, contributed 38 per cent to total market turnover, similar to the level in 2007/08. Local retail investors' contribution to total market turnover was a record low of 25 per cent in 2008/09, compared to 26 per cent in 2007/08. (Figure 1) view the Cash Market Transaction Survey 2008/09 report SGX Widens Global Network, Rolls Out New Commodity And Derivative Products
1. MF Global Singapore Pte Limited
Securities Clearing
Visit www.sgx.com for more information. India aims to be world's fastest growing economy
The run on gloves began five months ago, said Farooq, whose customers include Ford and Nissan.
It's been driven by a record rebound in manufacturing, spurred in part by government stimulus, which has led India out of the Great Recession faster than many imagined possible.
March 11, 2010--Overseas investor participation in the securities market of Hong Kong Exchanges and Clearing Limited (HKEx) remained high despite the market downturn during the global financial crisis, according to HKEx's Cash Market Transaction Survey 2008/09 (covering HKEx's securities market turnover from October 2008 to September 2009).
The survey found that the contribution of overseas investors to total market turnover value remained at a relatively high level of more than 40 per cent for the fourth consecutive year (42 per cent in 2008/09, compared to 41 per cent in 2007/08) while local investors' contribution fell to a record low of 50 per cent. The contribution of institutional investors decreased somewhat from its peak of 65 per cent in 2006/07 and 2007/08 to 62 per cent in 2008/09. The contribution of retail investors was 30 per cent, similar to the all-time low of 29 per cent in 2007/08.
Extends membership to 7 key global players, including first Indian brokerage
Launches gold deferred settlement contract, Nifty options, STOXX futures &
options on futures contracts
Deepens collaboration with India’s National Stock Exchange (NSE)
March 11, 2010--Singapore Exchange (SGX) today announces additions to its membership network and fast-growing product suite, tapping
on the rising global interest in Asian equities, derivatives and commodities.
The new members given in-principle approval are:
Securities Trading and Clearing
1. Goldman Sachs Futures Pte Ltd
2. Standard Chartered Securities (Singapore) Pte Ltd
3. IIFL Securities Pte Ltd (subsidiary of India Infoline, one of the leading financial
services firms in India)
Securities Trading
2. Cantor Fitzgerald (Singapore) Capital Markets Limited
1. Deutsche Bank AG
Derivatives Trading
March 11, 2010--Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough.
"We are facing a major problem," said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. "Despite importing gloves we are not able to meet demand."
