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China's Economy May Eclipse Japan's As Soon As 2010
October 2, 2009--For years, Japan has been readying itself for the day that it is eclipsed economically by China. But as a result of the global slowdown, Japan’s difficulty in managing its economy and China’s rise — on vivid display Thursday as Beijing celebrated the 60th anniversary of the founding of the People’s Republic — that day may come sooner than anyone predicted.
Though recent wild currency swings could delay the reckoning, many economists expect Japan to cede its rank as the world’s second-largest economy sometime next year, as much as five years earlier than previously forecast.
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Source: NY Times.com
Australia imposes tough short ... DB Index Research -- Weekly ETF Reports -- Asia-Pacific
There were no new listings in the last week.
Assets Under Management To request a copy of the report click here CIC buys stake in Kazakh oil and gas group-3rd Global Investment in natural resourse read full story
ICBC plans to buy Thai bank ACL read full story Nomura tumbles on concern over $5.6bn issue read more South Korea Promoted To Developed Country Status In The FTSE Global Equity Index Series BlackRock: China Leading The Way In Commodities Demand – Will The US Pick Up The Baton? read more DB Index Research -- Weekly ETF Reports -- Asia-Pacific
Market Overview Turnover The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 364m accounting for 28.4% of total turnover.
Assets Under Management To request a copy of the report click here ICICI Prudential files for Gold ETF with SEBI read filing
October 2, 2009-Australia announced plans on Friday for some of the strictest short sellingdisclosure rules in the world, which were welcomed cautiously by a hedge fund industry that had feared even tougher changes.
Australia will demand from April that short sales positions be disclosed to the Australian Securities and Investments Commission, the corporate regulator, within one day of trading (T+1) and made public within four days.
Source: FT.Com
September 30, 2009-Highlights
Market Overview
There are 184 equity based ETFs in the Asia Pacific region with 240 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 42.85% of the whole market, whilst China has the largest market share by turnover with 49.35%.
Turnover
Monthly average daily turnover declined 4.6% in the last week. Turnover for the previous week was USD 1224m. The largest ETF by turnover was the China 50 ETF issued by China Asset Management with USD 340m accounting for 27.8% of total turnover.
AUM declined 1.4% in the previous week. AUM as of Sep 28th were USD 58.8bn. The largest ETF by AUM is the TOPIX ETF, managed by Nomura Asset Management, with AUM of USD 6.6bn.
Source:Source: Aram Flores and Shan Lan -DB Index Research
September 30, 2009--China Investment Corp, the country’s sovereign wealth fund, has bought an 11 per cent stake in London-listed JSC KazMunaiGas Exploration Production, marking its third global investment in natural resources assets in just one week.
CIC said it paid $939m to buy London-traded Global Depositary Receipts in the Kazakhstan-based oil and gas company, marking a further advance by China into the hotly contested central Asian energy sector.
Source: FT.com
September 30, 2009--Industrial and Commercial Bank of China, the world’s largest bank by market value, plans to take a controlling stake in Thailand’s ACL Bank in the first tentative foray abroad by a Chinese financial institution since the onset of the global financial crisis.
ICBC has agreed to pay Bangkok Bank Bt3.55bn ($106m) for its 19.26 per cent stake in ACL, a 15 per cent premium to Tuesday’s closing price, in a deal that values the whole bank at Bt18.29bn.
Source: FT.com
September 25, 2009--Nomura on Friday suffered the biggest daily fall in its share price in more than 30 years, reflecting investor anxiety over the large dilution that would result from its forthcoming Y511bn ($5.6bn) new share issue.
Japan’s biggest securities group saw its shares tumble 16 per cent to Y573 .
Source: FT.com
September 24, 2009--South Korea has been promoted from “Advanced Emerging” status to “Developed” in the FTSE Global Equity Index Series from September 21. Since its first listing on the FTSE Watch List in September 2004, KRX has worked with the relevant regulators and market participants to remove major regulatory restraints, such as permitting free delivery between securities accounts, expanding the grounds allowing off-exchange trades, and minimizing FX regulations for foreign investors. These improvements have allowed the Korean Market to be more aligned with global regulatory standards and practices, and in turn, has boosted international investors’ confidence in the Korea’s capital market.
As a result of the FTSE decision, the 107 stocks listed in the local market under the FTSE Advanced Emerging Equity Index will be added in the FTSE Advanced Equity Index until the next FTSE committees review.
Source: Online News
September 24, 2009-BlackRock’s Catherine Raw, fund manager in the natural resources team, believes that commodities are set to make further progress as investors become more confident that the majority of the world economic crisis has passed. While mining equities having rallied in 2009 (up 61% in US dollar terms) valuations are still attractive, being around half what they were in May 2008.
Catherine Raw said: “We expect China to continue to have a significant influence over demand for commodities, given the commodity–intensive stimulus package from the Chinese government and their future growth plans. The nature of China’s command economy has meant that this stimulus has filtered down into the real economy, unlike in the US - so far. In China, government-driven lending has spurred activity. Economic data coming out of China this year has suggested that, despite the global recession, the economy has started to recover and high levels of economic growth may continue in the region, a bullish signal for the mining sector. GDP and industrial production growth rates appear to have bottomed; car sales and retail sales are showing signs of improvement and there has been a strong pick up in fixed asset investment. Steel production has recovered significantly and on an annualized basis is now ahead of 2008”.
Source: Mondovisione
September 23, 2009--Highlights-
There are 184 equity based ETFs in the Asia Pacific region with 240 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 42.36% of the whole market, whilst China has the largest market share by turnover with 50.11%.
There was one new lisitng in the last week. Samsung Investment Trust Mg launched one new ETF on the Korea Stock Exchange.
Monthly average daily turnover declined 10.4% in the last week. Turnover for the previous week was USD 1282m.
AUM remained at about the same level in the previous week. AUM as of Sep 21st were USD 59.6bn. The largest ETF by AUM is the TOPIX ETF, managed by Nomura Asset Management, with AUM of USD 6.7bn.
Source: Aram Flores and Shan Lan -DB Index Research
September 23, 2009-On September 18, 2009 ICICI Prudential filed with the SEBI (Securities and Exchange Board of India.) for a Gold Exchange Traded Fund
The name of the fund will be:
ICICI Prudential Gold Exchange Traded Fund
Name of the asset management company: ICICI Prudential Asset Management Company Ltd.
Source: SEBI