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ETF Landscape: Asia Pacific Industry Review Year End 2009
February 10, 2010--This report is a review of the Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) in the Asia Pacific region through 2009. Data is split and shown as Asia Pacific (ex-Japan) with Japan data shown separately. This report also includes a review of all ETFs listed in Asia Pacific and a comparison to the local mutual fund flows and Index performance comparisons.
At the end of December 2009 there were 197 ETFs in Asia Pacific, with 278 listings, assets under management of US$63.15 Bn from 48 providers on 15 exchanges.
In Asia Pacific (ex-Japan), there were 129 ETFs, assets of US$38.52 Bn, with 207 listings from 44 providers on 13 exchanges at the end of December 2009. Asia Pacific (ex-Japan) ETF AUM has increased by 62.1%, while the MSCI AC Asia Pacific ex-Japan Index is up 68.4% YTD in US dollar terms. State Street Global Advisors is the largest provider in terms of assets with US$9.72 Bn in 13 ETFs and 25.2% market share, followed by iShares with US$7.84 Bn in 13 ETFs and 20.3% market share, and Hang Seng Investment Management in third with US$5.29 Bn in three ETFs and 13.7% market share at the end of 2009.
In Japan, there were 68 ETFs, assets of US$24.63 Bn, with 71 listings from six providers on two exchanges at the end of December 2009. Japanese ETF AUM has fallen by 10.2% while the MSCI Japan Index is up 5.41% YTD in US dollar terms. Nomura Asset Management is the largest provider in terms of assets with US$13.37 Bn in 30 ETFs and 54.3% market share, followed by Nikko Asset Management with US$5.74 Bn in 10 ETFs and 23.3% market share, and Daiwa Asset Management in third with US$4.93 Bn in 22 ETFs and 20.0% market share at the end of 2009.
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>Source: ETF Research and Implementation Strategy Team, Blackrock
China’s CIC gives breakdown of US equity stakes
Fbruary 8, 2010--China Investment Corp, the country’s $300 billion sovereign wealth fund, has made its biggest US equity bets in natural resources and financial stocks. A filing with the US Securities and Exchange Commission detailed equity holdings in US listed companies and funds worth $9.63 billion at the end of 2009.
About a quarter of the investments is in exchange-traded funds, giving CIC exposure to markets in Europe, Asia and emerging markets at a low cost.
The filing, made last Friday, is not exhaustive. It does not include investments entrusted to outside fund managers or CIC’s stake in private equity house Blackstone.
read more
Source: The Malaysian Insider
Exchange traded funds doing well
February 8, 2010--INVESTORS have been piling into exchange traded funds (ETFs) over the past year, with daily trading volumes surging on the back of the market rally. The Singapore Exchange (SGX) reported that ETF turnover grew by 56 per cent from the year before to $4.6 billion last year.
There were also 20 new ETFs started last year, bringing the total to 49.
ETFs are listed on the SGX and track the performance of an index, or provide access to various asset classes such as commodities or bonds.
Russia picks four banks to manage its debt issue read more Shanghai Exchange accelerates Int'l board read more
Bursa Malaysia Posts 70% Increased Net Profit Of RM177.6 Million For 2009; Capital Gain From Equity Stake Disposal To CME Group The operational profit of the Group, excluding gain on disposal of 25% equity interest in Bursa Malaysia Derivatives, was RM101.6 million representing a 3% decrease from 2008.
Bursa Malaysia’s Chief Executive Officer, Dato’ Yusli Mohamed Yusoff said, “We had a challenging year in 2009, and exercised prudent financial and operational management measures across the Group to ensure that we delivered on shareholders’ value. Signs of global market recovery emerging from the second quarter onwards until the end of the year saw better trading activity and a resurgence of local investor participation in our market.”
Against this backdrop, Bursa Malaysia registered velocity of 34%, same as the year before. The securities market maintained its trading levels with a marginal decline of 5% in daily average trading value to RM1.22 billion compared to the previous year’s RM1.28 billion. Securities market trading revenue remained comparable at these levels with a slight increase by 2% to RM139.1 million due to higher effective clearing fees. Market capitalisation for the year stood at RM999 billion, a 50% increase from the previous year.
"Despite the economic sentiment spilling from the previous year, we still saw companies raise funds from the capital market, which demonstrated confidence in our market’s comparable valuations," said Dato’ Yusli.
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DB Index Research -- Weekly ETF Reports -- Asia-Pacific
Assets Under Management To request a copy of the report The Securities and Exchange Commission supports the launch of gold exchange-traded funds-Thailand
A mutual fund invests directly in domestic gold bullion.
The mutual fund must secure certification services from qualified parties and efficient bullion custodians, to ensure gold quality and storage efficiency. read more
First overseas ETF tracking SZSE Index to list in Hong Kong The SZSE 100 index is one of the core indexes compiled by the SZSE, standing for the “multi-layer, high-growth and innovation” characteristics of Shenzhen market. By the end of 2009, only three funds tracking SZSE 100 index had been issued in the Mainland, with the asset size totaling 47 billion yuan. Among the funds, E-Fund SZSE 100ETF listed on the SZSE ranked No. 1 in the index fund performance, getting the fourth place in the open-ended fund performance respectively in 2007, 2009.
Korea pension fund widens its horizons
Although the NPS is already the world’s fifth- biggest pension fund, only $24bn of its $240bn portfolio is invested abroad. read more
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Source: Asia One Business
February 5, 2010--Russia’s finance ministry announced Friday its pick of four investment banks to manage its upcoming sovereign eurobond issue, which could raise up to $17.8 billion and will mark the country’s return to the debt market after ten years of surpluses.
Barclays Capital, Citibank, Credit Suisse and VTB Capital have been selected to jointly organize Russia’s eurobond issue, the ministry said in a statement. Deputy Finance Minister Dmitry Pankin was quoted by the state-run news agency RIA Novosti as saying that other banks could be tapped to arrange the next issue.
Source: Today's Zaman
February 4, 2010--The Shanghai Stock Exchange (SSE) has accelerated the preparation work of launching the international board and the development of global exchange-traded funds (ETFs), the Securities Times reported Friday.
Red chip companies, which are based in the Chinese mainland but incorporated internationally and listed on the Hong Kong Stock Exchange, would play a main role in the bourse's international board, which allows overseas-listed companies to sell shares denominated in the Chinese currency, the paper said citing a source close to this issue.
Source: China Daily
February 4, 2010--Bursa Malaysia Berhad (Bursa Malaysia) today reported a healthy net profit of RM177.6 million for the financial year ended 31 December 2009, an increase of 70% compared to the net profit of RM104.4 million in 2008.
This was mainly due to the RM76 million gain on the disposal of 25% equity interest in Bursa Malaysia Derivatives Berhad (Bursa Malaysia Derivatives) to CME Group Strategic Investments LLC following the completion of the Share Purchase Agreement on 30 November 2009.
Source: Bursa Malaysia
February 3, 2010--Highlights
Market Overview
There are 202 equity based ETFs in the Asia Pacific region with 267 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 41.05% of the whole market, whilst China has the largest market share by turnover with 45.65%.
There was one new listing in the last week. China International Capital Corp. listed one new ETF in Hong Kong Stock Exchange.
Turnover
Monthly average daily turnover rose 6.7% in the last week. Turnover for the previous week was USD 1070m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 303m accounting for 28.3% of total turnover.
AUM declined 2.3% in the previous week. AUM as of Feb 1st were USD 59.4bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 6.2bn.
Source: Aram Flores and Shan Lan -DB Index Research
February 1, 2010--The securities watchdog plans to encourage gold shops to join the move designed to develop the capital market further.
The SEC's board outlined two types of gold ETFs - feeder funds and mutual funds.
A feeder fund invests in overseas funds that focus on gold investment. The Bank of Thailand's permission is required for outflows.
Source: The Nation
February 1, 2010--Today, CICC-SZSE 100 Index Fund (CICC-SZSE 100ETF), the first overseas ETF tracking SZSE index will list on Hong Kong Stock Exchange, with the trading code: 3051. The fund will be managed by CICC Hong Kong Asset Management Company, tracking the SZSE 100 index which is released by the SZSE and managed by Shenzhen Securities Information Co., Ltd..
The listing of SZSE 100ETF in Hong Kong is the substantial measure to carry out the arrangement to establish the closer economic and trade relationship between Mainland and Hong Kong, strengthen the cooperation between Shenzhen-Hong Kong securities markets; and on the other hand, it also will provide the new platform for overseas investors to better understand and invest in China multi-layered capital markets.
Source:Shenzhen Stock Exchange
February1, 2010--South Korea’s National Pension Service is going global.
The investments are predicted to hit $1,000bn shortly after 2020.
Source: FT.com
