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SZSE Issues a Notice of 3rd Cross-market ETF Whole-network Testing, Rolling out SSE-SZSE 300 ETF on Countdown
February 21, 2012--Yesterday, Shenzhen Stock Exchange and China Securities Depositary and Clearing Corp. Ltd. jointly issued the Notice on Third Whole-network Simulation Test for Cross-market ETF on Shenzhen Market, planning to organize such market participants as Bank of China, fund management companies to launch the third whole-network test. And the move also signals the SZSE has well prepared the work for SSE-SZSE 300 ETF.
Since the SZSE first rolled out the ETF products in 2006, it has been actively put tremendous effort to doing research on cross-market ETF products. The SZSE, China Securities Depositary and Clearing Corp. Ltd. and Harvest Fund Management Company successfully designed and developed the cross-market ETF products scheme and relevant technical system in view of the sophisticated experience of overseas market, taking into the consideration China’s securities trading, registration and clearing system. As for the technical system, two whole-network tests were made respectively in September, 2010 and January, 2011. On Feb.06, 2012, China Securities Regulatory Commission accepted the application for Harvest SSE-SZSE 300 ETF, and the countdown for rolling out SZSE cross-market ETF begins.
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Source: Shenzhen Stock Exchange
Kospi 200 Index option could lose volume due to regulatory changes
February 20, 2012--The Korea Exchange's Kospi 200 Index option, which trades at a higher volume than all the contracts on the CME Group and Eurex futures exchanges combined, could become more expensive to trade because of actions by Korea's regulator, the Financial Services Commission.
The agency plans to increase the value of the Kospi 200 Index option to bring it closer in line with the standard contract size for most international indices.
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Source: efinancila news
Eastday-Hopes high for ETFs to be attractive
February 19, 2012-CHINESE mainland investors may find the cross-border exchange-traded fund (ETF) a new and attractive investment option, according to market analysts.
A statement on the securities regulator’s website on Monday said the China Securities Regulatory Commission is vetting applications from two Chinese fund companies to launch the mainland’s first ETF linked to the Hong Kong stock market.
They are Guangzhou-based E Fund Management that will launch the ETF, which is linked to the Hang Seng China Enterprises Index that tracks the performance of Chinese companies listed in Hong Kong, on the Shanghai Stock Exchange and Beijing-based China Asset Management which plans to launch its ETF linked to the Hang Seng Index that will trade on the Shenzhen Stock Exchange.
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Source: Clearing & Settlement
China to develop new financial options, forex futures
February 19, 2012--The China Financial Futures Exchange (CFFEX) is developing new financial instruments including options and foreign currency futures, the official China Securities Journal reported on Saturday, citing general manager Zhu Yuchen.
The exchange will also issue new index futures products based on underlying indices such as Shenzhen's SME board, Zhu was quoted as saying, without giving a timetable.
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Source: Reuters
Ping An Lauched Three ETFs And Plans Big Push
February 19, 2012--Ping An of China Asset Management on Wednesday listed three exchange-traded funds (ETFs) in Hong Kong that invest in the territory, Ignites Asia reports. The company is considering launching more ETFs this year and hopes to attract more institutional clients from China to its advisory business.
The three new ETFs are the Ping An of China CSI HK Dividend ETF, the Ping An of China CSI HK Mid Cap Select ETF, and the Ping An of China CSI RAFI HK50 ETF.
The ETFs were launched under the company’s Ping An China/HK ETF series, which now has four ETFs. The first in the series is the Ping An of China CSI RAFI A-Share 50 ETF, which was launched in 2010. The Ping An of China CSI HK Dividend ETF focuses on companies that consistently drive dividend yield, while the Ping An of China CSI HK Mid Cap Select ETF targets companies with high growth potential and high beta. “These two ETFs are the first of their kind in Hong Kong, providing more investment options for investors,” says Timothy Chan, chairman at PAAMC Hong Kong.
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Source: ETF radar
Measures to Prevent Recurrence and Other Matters Concerning the Failure in the Equity Trading System
February 17, 2012--Tokyo Stock Exchange (TSE) would like to offer its deepest apologies for the inconvenience and concern caused to investors and other market users by the failure in the equity trading system on
February 2, 2012.
TSE hereby informs you that a report containing the reason for the system failure, response by TSE,
locus of responsibility, measures to prevent reoccurrence and other matters with regard to said system
failure was compiled.
1. Background
At 7:38 a.m. on February 2, 2012, an incident occurred in the equity trading system (hereafter "said system") where market information of some issues could not be distributed. The reason was
later determined to be the unsuccessful completion of the switching procedure to a standby device which was triggered by a hardware failure that had occurred at 1:27 a.m. on the same day within
said system at one of eight information distribution gateway servers which distribute market
information.
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Source: Tokyo Stock Exchange (TSE)
China soon will overtake India as top gold market
February 17, 2012--China is poised to overtake India to become the world's biggest gold market this year as rising incomes fuel demand for the precious metal and a weak rupee diminishes Indian purchases, an industry group said Thursday.
The amount of gold bought in China rose 20 percent in 2011 over the year before to 770 metric tons, the World Gold Council said in its annual report. That put China behind only first-place India, where 933 metric tons were bought.
Worldwide, the amount of gold purchased rose 0.4 percent to 4,0671 metric tons worth $205.5 billion.
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Source: The Mainichi Daily News
XIE Shares Thailand (SET50) ETF to list on HK Stock Exchange
February 15, 2012--Hong Kong-based investment management firm Enhanced
Investment Products Limited (EIP) will list its XIE Shares Thailand (SET50)
Exchange-Traded Fund (ETF) on the Hong Kong Stock Exchange on February 16, 2012.
XIE Shares Thailand (SET50) ETF (ticker: 3069) is designed to track performance of the SET50 net total return index, a widely-recognized Thai stock index calculated by The Stock Exchange of Thailand (SET).
Pakorn Peetathawatchai, SET Executive Vice President and Chief Marketing Officer, said: "The ETF launched by EIP is a good opportunity for institutional and retail investors in Hong Kong to become familiarized with the Thai stock index through the Hong Kong bourse. In the latest ranking of Financial Stability Index by World Economic Forum, it ranked Hong Kong as the world's top financial center, so we believe this ETF is a gateway to bring foreign investors further into Thai shares further."
Tobias Bland, CEO of EIP, adds: "We have developed this product from concept to market over the past two years. The focus has been to allow simple access to the Asian Emerging markets, both long and short. Having worked at Jardine Fleming for nine years, I realised the potential in the Asia Emerging Markets and the frustration investors have felt with accessing them. The XIE Share ETFs will allow investors to trade seamlessly on the stock exchange in Hong Kong, without having the extra work to check foreign restrictions on F/X, market hours and other idiosyncratic differences in these markets. Investors need to make asset allocation decisions without being biased by the expense of the transaction; XIE Shares allows them to do this. We look forward to seeing the funds trade on the Hong Kong Stock Exchange."
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Source: The Stock Exchange of Thailand. (SET)
EIP List First Ever Exchange Traded Funds on Hong Kong Stock Exchange, XIE Shares Korea, Malaysia, Taiwan and Thailand
February 16, 2012--Enhanced Investment Products Limited (EIP), a Hong Kong based asset management firm, today listed four new Exchange Traded Funds (ETFs). This new product suite is expected to be the first swap-based synthetic ETF platform managed by a local Hong Kong manager. The four country-specific products will track four local indices in Emerging Asia, providing investors with access to markets in Korea, Malaysia Taiwan and Thailand.
XIE Shares* are unique ETFs, being the first synthetic ETF platform independently managed by a local manager in Hong Kong, adoptinga multiple swap counterparty approach to manage counterparty risk. This structure offers the benefits of synthetic ETFs, and holds invested assets which are non-index related equity, bonds and/or cash/cash equivalent for the value of the NAV. These advantages include simplicity, liquidity and low cost beta. The ETFs seek to track the performance of the relevant indices before fees and expenses. XIE Shares has attracted day one investment of approximate AUM HK$500m for the first four funds.
visit www.xieshares.com for more information.
Source: XIE Shares
HK manager EIP to launch seven synthetic ETFs
February 15, 2012--Enhanced Investment Products has become Hong Kong's first local manager to aim large with synthetic exchange traded funds with the launch of a range of synthetic ETFs linked to Asian stock markets.
EIP was established in 2002 by a team from Jardine Fleming. It currently manages US$270m in Asian index funds and $90m in hedge fund strategies and is now expanding into ETFs. The new range will be known as XIE Shares, a play on “thank you” in Mandarin.
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Source: FT.com
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