TWSE announced today that the securities net oversold position by foreign investors was NT$13.22 billion during the week of Nov. 23 ~ Nov. 27, 2009
December 11, 2009--TWSE announced today that the securities net oversold position by foreign investors was NT$13.22 billion during the week of Nov. 23 ~ Nov. 27, 2009. This represented the difference between NT$83.89 billion securities bought and NT$97.11 billion securities sold.
The accumulated net overbought position by foreign investors, during the period year to Nov.27, 2009, was NT$388.24 billion. This represented the difference between NT$4,706.07 billion securities bought and NT$4,317.83 billion securities sold.
The market capitalization of the shareholdings of foreign investors was NT$6, 007.41 billion as of Nov. 27, 2009, or 31.61% of the total market capitalization. This is lower (by NT$156.07 billion) than that a week ago.
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Source: Taiwan Stock Exchange (TWSE)
Nestle Berhad Replaces Parkson Holdings In The FTSE Bursa Malaysia KLCI After December 2009 Semi-Annual Review
December 10, 2009--FTSE Group (“FTSE”), award-winning global index provider, and Bursa Malaysia Berhad (“Bursa Malaysia”) announced that Nestle Berhad will replace Parkson Holdings Bhd in the FTSE Bursa Malaysia KLCI following the semi-annual review approved by the FTSE Bursa Malaysia Index Advisory Committee today.
The FTSE Bursa Malaysia KLCI is widely followed by investors as the benchmark for the Malaysian market and is used as the basis for the FTSE Bursa Malaysia KLCI ETF, FTSE Bursa Malaysia KLCI Futures (FKLI), FTSE Bursa Malaysia KLCI Options (OKLI) and other financial products including warrants. The indices are reviewed semi-annually by the independent FTSE Bursa Malaysia Index Advisory Committee in accordance with the index ground rules. The reviews ensure that the indices accurately reflect the markets they represent. This is essential when the indices are used to benchmark investment portfolios and are used as the basis of index-linked products.
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Source: FTSE
DB Index Research -- Weekly ETF Reports - Asia Pacific
December 10, 2009--Highlights
Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.54% of the whole market, whilst China has the largest market share by turnover with 53.07%.
There were no new listings in the last week.
Turnover
Monthly average daily turnover rose 7.4% in the last week. Turnover for the previous week was USD 1124m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 313m accounting for 27.8% of total turnover.
Assets Under Management
AUM rose 1.9% in the previous week. AUM as of Dec 7th were USD 62.7bn. The largest ETF by AUM is the TOPIX ETF, managed by Nomura Asset Management, with AUM of USD 6.8bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
Shanghai exchange approves global ETFs
December 7, 2009--The Shanghai Stock Exchange has approved the development of global exchange-traded funds (ETFs) by Chinese fund houses to track six overseas indexes including the Dow Jones industrial average (.DJI), the Shanghai Securities News reported on Monday, citing Xu Ming, vice general manager of the exchange.
Plans for the global ETFs have been submitted to securities regulators for approval and the Shanghai Stock Exchange has made all the technical and system preparations required for their launch, the newspaper said.
Shanghai is promoting the development of new investment products and opening its markets as part of plans to become into an international financial center by 2020.
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Source: Reuters
According to President Zhang Yujun of the SSE five to ten ETFs are to be lisited on the SSE
December 4, 2009--About five to ten ETFs are prepared to be listed on the Shanghai Stock Exchange (SSE), according to President Zhang Yujun of the SSE at the 8th International Forum for Chinese Securities Investment Funds on December 2.
Zhang described the bourse's role on the fund market with 3 key words, namely, innovation, supervision and services. The bourse will promote the innovation and self-regulatory supervision of the fund industry as well as continuously improve the services for the industry.
According to Zhang, as the committed supporter and consultant for the fund industry's innovation, the exchange has promoted the development of passively-managed funds and the rapid growth of indexation investment in China. In 2009, index funds including the ETF markets of the SSE and the Shenzhen Stock Exchange saw a rapid expansion. Two ETFs were issued through the SSE, and Bosera SSE Mega-cap ETF will be issued next Monday. With four listed ETFs and the to-be-launched SSE Mega-cap ETF, the SSE expects the total size of ETFs to reach US$10 billion. "Compared with an US$800 billion ETF market, there's still room for growth", said Zhang.
Source: Online News
Saudi remains biggest Japan oil supplier
December 3, 2009-- The Japanese Natural Resources and Energy Agency has said that crude oil imports from Kuwait had dropped 9.2% in October from a year earlier to 7.79 million barrels, or 251,000 barrels per day (bpd), the first decline in two months, Kuna has reported.
Saudi Arabia remained Japan's biggest oil supplier, with imports from the kingdom plunging 22.6% from a year earlier to 29.42 million barrels, followed by the UAE with 27.69 million barrels, up 4.1%. Qatar ranked third, with shipments jumping 36.7% to 13.77 million barrels.
Source: Online News
DB Index Research -- Weekly ETF Reports -- Asia-Pacific
December 2, 2009--Market Overview
There are 195 equity based ETFs in the Asia Pacific region with 254 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 40.49% of the whole market, whilst China has the largest market share by turnover with 51.89%.
There were 2 new listings in the last week. UOB AM Ltd listed 1 ETF on the Singapore Stock Exchange and Nomura AM listed 1 ETF on the Tokyo Stock Exchange. Both funds offer exposure to non domestic markets.
Turnover
Monthly average daily turnover rose 8.8% in the last week. Turnover for the previous week was USD 1047m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 290m accounting for 27.7% of total turnover.
Assets Under Management
AUM rose 2.5% in the previous week. AUM as of Nov 30th were USD 61.5bn. The largest ETF by AUM is the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker, managed by BGI, with AUM of USD 6.5bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
HKFE Announces Revised Margins for Hang Seng Index, Mini-Hang Seng Index, HSBC and China Construction Bank Futures Contracts
December 1, 2009--Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has announced that with effect from the commencement of trading on Thursday, 3 December 2009, the minimum margins to be collected by an Exchange Participant from its clients in respect of their dealings in the following futures contract will be as outlined in the table below. The adjustments are based on the clearing company's normal procedures and standard margining methodology.
For the current margins, please refer to the margin information on the HKEx website at the following link (http://www.hkex.com.hk/tradinfo/futuresmargin/FOmargin.htm).
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Source: Hong Kong Futures Exchange Limited (HKFE)
Mutual Funds Go Online
November 30, 2009-- Investors can finally buy or sell units of their favourite mutual funds online.
The National Stock Exchange today permitted transactions in the units of mutual funds on its online platform. The transactions will have to be routed through an NSE broker.
Initially, investors will be able to trade only in the 30 schemes of UTI Mutual Fund.
Senior NSE officials said fund houses such as Tata Mutual Fund, Reliance Mutual Fund, Birla Sun Life, ICICI Prudential Mutual Fund and Fidelity would come on board in the next few days.
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Source: Telegraph
India sets deadline for IFRS introduction
November 30, 2009--The Indian government has pledged to align India’s corporate accounting practices with international financial reporting standards within 18 months, defying doubts about the readiness of the country's accounting industry.
Senior accountants have highlighted a potential gap between the ambitions of India’s regulators and the training required to implement the new rules
R Bandyopadhay, secretary of the Ministry of Corporate Affairs, said the government was standing by a commitment to introduce the rules by April 2011. He told a meeting on corporate accounting: “A country like ours should not fail in keeping the commitment.”
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Source: FT.com
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