ASIC releases draft disclosure guidance for hedge funds-continued

February 23, 2012--ASIC today released for consultation draft regulatory guidance with new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products.
The guidance, contained in Consultation Paper 174 Hedge funds: Improving disclosure Further consultation (CP 174), sets out the specific features and risks of hedge funds that should be addressed in a Product Disclosure Statement (PDS) for these products.

ASIC Chairman Greg Medcraft said it was necessary to ensure that disclosure gives investors the information they need to make an informed investment decision, which may include a decision not to invest in these products.

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view Consultation Paper 174 Hedge funds: Improving disclosure-Further consultation

Source: Australian Securities and Investments Commission (ASIC)

Asia ETP News
World Bank-Indonesia Economic Quarterly, July 2014: Hard Choices
July 21, 2014--The people of Indonesia, the world's third most populous democracy, have voted for a new President. The incoming administration will face hard policy choices to address rising fiscal pressures and to implement much-needed reforms to deliver on the economy's enormous potential. GDP growth in the first quarter of 2014 moderated further to 5.2 percent year-on-year, from 5.7 percent year-on-year in the prior quarter.
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Shanghai bourse launches consultation on ETF options
July 17, 2014--The Shanghai Stock Exchange (SSE) has launched a consultation into the possible launch of ETF options, which market watchers anticipate could help to invigorate both the mutual fund and ETF markets.
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Shanghai bourse launches consultation on ETF options
July 17, 2014--The Shanghai Stock Exchange (SSE) has launched a consultation into the possible launch of ETF options, which market watchers anticipate could help to invigorate both the mutual fund and ETF markets.
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IMF Working paper-Future of Asia's Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?
July 16, 2014--Summary: There is a role for Asia's financial sector to play to address the challenges associated with the region's changing demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure investment in emerging Asia.
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IMF-People's Republic of China-Hong Kong Special Administrative Region: Financial Sector Assessment Program-Oversight and Supervision of Financial Market Infrastructures-Technical Note
July 16, 2014--SUMMARY--Nine financial market infrastructures (FMIs) operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. To support their objective of consolidating Hong Kong's position as an international financial center, the Hong Kong authorities have fostered the development of sophisticated and multi-currency FMIs.
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IMF-People's Republic of China-Hong Kong Special Administrative Region: Financial Sector Assessment Program-Oversight and Supervision of Financial Market Infrastructures-Technical Note
July 16, 2014--SUMMARY--Nine financial market infrastructures (FMIs) operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. To support their objective of consolidating Hong Kong's position as an international financial center, the Hong Kong authorities have fostered the development of sophisticated and multi-currency FMIs.
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PSE LAUDS IC ETF SUPPORT
July 15, 2014--The Philippine Stock Exchange President-CEO Hans B. Sicat lauded yesterday the move of the Insurance Commission (IC) to release guidelines that allow insurance and reinsurance companies and mutual benefit associations (MBA) to invest in Exchange Traded Funds (ETFs) and to engage in Securities Borrowing and Lending (SBL) transactions as lenders.
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Vietnam to launch first domestic ETF
July 14, 2014--Vietnam's first domestic ETF will be listed by VietFund Management (VFM), following an IPO set to take place between July 21 and August 14.
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China fund industry hits record assets
July 13, 2014--Chinese mutual funds have hit record asset levels as investors continue to pour money into China's surging online money market fund industry, despite growing regulatory concern.
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ETF/ETN Monthly Report for Jun 2014
July 9, 2014--Monthly ETF/ETN trading value recovered to above JPY 2 trillion in June
Trading value in the ETF/ETN market in June 2014 exceeded JPY 2 trillion for the first time since April,with daily average trading value reaching about JPY 97.7 billion.
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World Bank-Taking Stock: An Update on Vietnam's Recent Economic Developments (July 2014)-Key Findings
July 8, 2014-- Global growth is projected to pick up to 3.4% in 2015 and 3.5% in 2016, propelled by high-income countries. Developing countries will benefit from these tailwinds, with growth projected to increase from 4.8% in 2014 to 5.5% in 2016.
Regional gross domestic product (GDP) growth is expected to slow down slightly to 7.0% by 2016, about 2 percentage points slower than the pre-crisis boom years but broadly in line with potential.
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BetaShares Australian ETF Review-Half Year Review 2014
July 8, 2014--The recently released Half Yearly Australian ETF Review, where its reported that Australia's exchange traded fund industry continued to soar to record levels in the first half of 2014, hitting a fresh record high market capitalisation of $11.6B as at end June 2014.
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ETFGI: ETFs and ETPs listed in Asia Pacific ex Japan reached US$96.7 billion in assets, a new record high, at the end of Q2 2014
July 7, 2014--ETFs and ETPs listed in Asia Pacific ex Japan gathered US$4.85 Bn in net new assets in June, which pushed assets in the Asia Pacific ex Japan ETF/ETP industry to a new record high of US$96.7 Bn surpassing the prior record of US$94.1 Bn set a year and a half ago in January 2013.
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Trading on India's BSE Halted for Hours on Technical Glitch
July 3, 2014--Trading on the Mumbai stock exchange, BSE Ltd., was shut for more than three hours Thursday as a technical glitch brought buying and selling to a halt on Asia's oldest exchange.
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PSE to upgrade to Nasdaq system next yr
July 2, 2014--The operator of the country's stock exchange is replacing its electronic trading system next year as it moves to expand its trading capabilities and offerings.
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DB-Synthetic Equity & Index Strategy-Asia-Pac-Weekly ETF Market Review-Taiwan focused ETFs witness $2.2bn inflows
June 25, 2014--Data in this report is as of 20 June 2014.
Market Review
Last week, markets were mixed in the Asia-Pacific region. Compared to the week before, from north to south:
Japan (Nikkei 225) +1.67%
South Korea (KOSPI2) -1.33%
China (CSI 300) -1.82%
Hong Kong (HSI) -0.54%
Singapore (FSSTI) -1.05%
Australia (S&P/ASX 200) +0.27%
Taiwan (TWSE) +0.84%
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China's 'Shadow Banks' Fan Debt-Bubble Fears
June 25, 2014--In a 52-story office tower overlooking the leafy streets of this city's embassy district, some 400 deal makers at Citic Trust Co. arrange financing for property developers, steel mills and other businesses starved for cash and shunned by China's traditional banks.
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