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Straits Times Index (STI) quarterly review
November 30, 2017--No change to the constituents of the STI
FTSE Russell announces that there will be no change to the constituents of the Straits Times Index (STI), following the December quarterly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Venture Corp, Suntec REIT, Mapletree Commercial Trust, Keppel REIT and Sembcorp Marine. Companies on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. A full list of STI constituents can be found on the website.
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Source: Singapore Exchange (SGX)
SZSE Launched the Chinese and English Snapshot of Listed Companies for Northbound Trading under Shenzhen-Hong Kong Stock Connect
November 29, 2017--In order to facilitate domestic and overseas investors to check the basic information of Listed Companies for Northbound Trading under Shenzhen-Hong Kong Stock Connect, Shenzhen Stock Exchange ('SZSE') issued a notice on the anniversary of Shenzhen-Hong Kong Stock Connect that it would launched the Chinese and English Snapshot of Listed Companies for Northbound Trading under Shenzhen-Hong Kong Stock Connect ('Chinese and English Company Snapshot') from 28 December, 2017.
Snapshot of Listed Companies mainly includes the following 12 parts: basic information, business summary, price performance, highlights, trading information, directors and executives, top 5 shareholders, operating revenue, investment risks, dividend data, per share data and major financial data in financial statements, the main contents and data are mainly from the periodical reports disclosed by listed companies.
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Source: Shenzhen Stock Exchange ('SZSE')
Seeking stable income, Japan's Nomura returns to private equity
November 29, 2017--Nomura Holdings Inc (8604.T) is returning to private equity-a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans.
Japan's biggest brokerage and investment bank on Wednesday said in a statement it would initially invest about 100 billion yen ($895 million) in the new business.
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Source: Reuters
Asset Management One selects FTSE Blossom Japan index for ESG ETF
November 28, 2017--ESG ETF listed on Tokyo Stock Exchange tracks FTSE Blossom Japan Index
Asset Management One's first ETF tracking a FTSE Russell index
FTSE Blossom Japan Index constructed using FTSE Russell's ESG Ratings data model
FTSE Russell, the global index and data provider, announces the licencing of the FTSE Blossom Japan Index to Asset Management One (AM-One). The 'One ETF ESG' (ticker: 1498) was listed on the Tokyo Stock Exchange today and is the first AM-One ETF to track a FTSE Russell index. AM-One is a leading global asset manager with around JPY33 trillion in indexed assets under management.
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Source: ftserussell.com
IMF Working Paper-Resolving China's Zombies: Tackling Debt and Raising Productivity
November 27, 2017--Summary:
Nonviable "zombie" firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with stateowned enterprises (SOEs) in contributing to debt vulnerabilities and low productivity. As a group, zombie firms and SOEs account for an outsized share of corporate debt, contribute to much of the rise in debt, and face weak fundamentals.
Empirical results also show that resolving these weak firms can generate significant gains of 0.7-1.2 percentage points in long-term growth per year. These results also shed light on the ongoing government strategy to tackle these issues by evaluating the effects of different restructuring options. In particular, deleveraging, reducing government subsidies, as well as operational restructuring through divestment and reducing redundancy have significant benefits in restoring corporate performance for zombie firms.
view the IMF Working Paper-Resolving China's Zombies: Tackling Debt and Raising Productivity
Source: IMF
Ultumus-Mitsubishi brings market neutral ETFs to Asia
November 27, 2017--Japan
Mitsubishi brings hedge fund dividend strategy to Asian ETFs
Mitsubishi's ETF issuer MAXIS is going hard and fast into the alternative ETF segment, listing a market neutral ETF that targets Japanese companies based on their dividends, the MAXIS Japan Equity High Dividend 70 Market Neutral ETF (1499).
Market neutral ETFs use a hedge fund strategy of buying similar stocks both long and short, so that they’re covered whichever way the market moves....
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Source: ULTUMUS-Financial Data Management
China regulator suspends approval of HK-focused funds: China Fund
November 27, 2017--China's securities regulator has suspended approval of Hong Kong-focused mutual funds, according to the industry newspaper China Fund, potentially slowing the pace of Chinese money into Hong Kong stocks.
New funds with "Hong Kong" in their names -which rules dictate must allocate at least 80 percent of their portfolio into Hong Kong-listed stocks-have seen their approvals suspended by the China Securities Regulatory Commission (CSRC), China Fund said on its website, citing two unidentified fund sources.
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Source: Reuters
Debt increase drives China's asset management reforms
November 26, 2017--Government moves to defuse investment risks accumulating in country's financial system.
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Source: FT.com
BetaShares-Steady as she goes
November 26, 2017--Week in Review
lt was a relatively calm week across global markets with few major events of note. The quiet nature of the market reflected America's focus on Thursday's thanksgiving holiday, little major economic data, and postponement of further debate on US tax cuts until this week.
One major market move of note was a further lift in oil prices, reflecting US supply disruptions due to a shutdown of a Canada's Keystone pipeline, following a spill-its second in two years. Despite the pipeline's stained record (excuse the pun!), regulators only recently approved plans for a second controversial pipeline, that had once been rejected by US President Obama but eagerly accepted by President Trump.
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Source: betashares.com.au
HKEX Markets Break Shenzhen Connect, Structured Product and Derivatives Records
November 24, 2017--Hong Kong Exchanges and Clearing Limited's (HKEX) markets set several records this week amidst strong market momentum. The following data are provided in response to media enquiries.
Securities market
Record high Northbound Shenzhen Connect turnover of RMB9.1 billion on Thursday (23 November).
Record high 355 Structured Product (derivative warrants and Callable Bull/Bear Contracts, or CBBCs) launches on Tuesday (21 November), surpassing the previous record of 325 on 8 July 2015.
Record high 18,669 Structured Product launches in a single year (as of 23 November 2017), surpassing the record of 17,626 in 2014.
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Source: HKEX (Hong Kong Exchanges and Clearing Limited)