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BetaShares U.S. Dollar ETF debuts as top 10 most traded ETF on ASX
AUM more than doubled in second week of trading
Median trade was A$15,000, indicating pent up demand from retail investors for access to U.S dollar exposure in a simple, transparent and low cost way
Strong interest from small businesses looking to use the ETF to hedge upcoming U.S. dollar purchases
February 21, 2011--BetaShares Capital Limited (BetaShares) today announced its newly listed US dollar exchange traded fund (ASX: USD) was one of the top 10 most traded ETFs on the Australian Securities Exchange in its first two weeks of trading with assets under management doubling in the second week of trading.
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Listed on 1 February 2011, BetaShares US Dollar ETF tracks the performance of the US dollar (US$) relative to the Australian dollar (A$) using a simple, transparent and highly cost-effective
structure backed by US dollars held in a bank account with JP Morgan Chase Bank.
Drew Corbett, Head of Investment Strategy & Distribution at BetaShares said the average trade size of $15,000 indicates strong retail appetite for foreign exchange investment opportunities that were previously unavailable to them.
“Exorbitant fees and poor exchange rates in foreign currency bank accounts mean retail investors have been effectively shut out of the foreign exchange markets up until now. Heavy trading by retail investors in the USD ETF suggests a high level of pent up demand for cost effective and simple foreign exchange investment opportunities,” Mr Corbett said.
“In addition, we are finding that there are a significant number of investors who are investing in this product as a simple way to get exposure to the potential recovery of the U.S. economy”, he continued.
The launch of the USD ETF comes at a time of historic strength for the Aussie dollar, which is currently trading at about 40% above its long run average value. The ETF enables investors to capitalise on any potential weakening in the A$ relative to the US$. For example, if the US$ appreciates 10% against the A$ (i.e. if the A$ falls in value), the price of the ETF should go up 10% too.
This exposure comes at a fraction of the cost of current mechanisms available to most investors. Investing A$10,000 in a US dollar bank account can cost an individual up to $700 over a six month period due to fees, costs and poor exchange rates. The superior rates provided by BetaShares mean the same investment in its ETF would cost around A$70.
BetaShares has also reported strong interest from small to medium business owners which have large US dollar capital expenditures planned in the future and are looking to hedge against a fall in the Australian dollar.
The US Dollar ETF is the third ETF listed by BetaShares after the Resources Sector ETF (ASX: QRE) and Financial Sector ETF (ASX: QFN) listed on the ASX in mid December.
The product launch is further evidence of BetaShares’ commitment to provide Australian investors with
ETFs tailored to the Australian market.
Source: BetaShares
Tokyo Stock Exchange Will Reduce The Minimum Tick Size For Single Stock Options
February 22, 2011--TSE will reduce the minimum tick size for single stock options in the 4th quarter of 2011 to respond to detailed trading needs. Specifically the minimum tick size will be reduced from 0.5 yen to 0.1 yen
TSE will be accepting public comments regarding this matter from the current date until March 24, 2011.
Reducing the Minimum Tick Size for Single Stock Options
Source: Tokyo Stock Exchange
FTSE and Value Partners launch custom FTSE Value-Stocks China A-Share Index
February 22, 2011--FTSE Group (“FTSE”), the leading global index provider, and Value Partners Index Services Limited (“Value Partners”), a wholly-owned subsidiary of Value Partners Group, today launched the FTSE Value-Stocks China A-Share Index. The customised index offers a new and unique investment opportunity for investors looking to benefit from Value Partners’ expertise in value investing, as applied to China’s A-Share market.
The new index uses Value Partners’ unique value investing methodology, and is calculated and maintained using FTSE’s dedicated custom index solutions. The Index* captures the performance of liquid-value stocks selected from the investable universe of companies listed in China’s A-Share market. Performance of FTSE Value-Stocks China A-Share Index since the base date of 31 May 2005 until 31 January 2011 was 396.2%, compared to FTSE China A50 Index’s performance of 173.5% over the same period.
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Source: FTSE
Thai Bourse launches Silver Futures & extends trading hours for Silver & Gold Futures in June 2011
February 22, 2011--The Thailand Futures Exchange Plc (TFEX), part of The Stock Exchange of Thailand, will begin trading silver futures and extend trading hours for gold and silver futures until 22:30 hours, both starting in June 2011.
Silver has been gaining popularity among investors due to its upward price tendency and its relationship with gold prices, TFEX Managing Director Kesara Manchusree reported. Investors in gold can employ similar trading strategies for both precious metals. Moreover, they see more opportunities in silver because of its comparatively low price and high volatility.
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Source: WFE
First Currency ETF To Be Listed on the Korea Exchange
February 22, 2011--KOSEF USD Futures ETF, the first currency ETF listed on the Korea Exchange (KRX), will start trading from February 24, 2011.
KOSEF USD Futures ETF tracks the price of nearest month contract of USD futures (F-USDKRW) and rolls over every month.
The principal value of investment and unit price of KOSEF USD Futures ETF are KRW 10 billion and KRW 12,000, respectively.
It is expected that KOSEF USD Futures ETF would provide the retail investors and investors with small capital with the low risk and low cost investment tools for participating in USD currency market.
During the first two months of 2011, total of five new ETFs, including KOSEF USD Futures ETF, were listed on the KRX, thus raising the total number of listed ETFs to 69.
Source: KRX
Launch of Tokyo Stock Exchange High-Speed Index Service -TOPIX distributed on the millisecond level: one of the world's fastest-
February 22, 2011--Tokyo Stock Exchange, Inc. (TSE), in collaboration with Hitachi, Ltd. (Hitachi), will launch a new "High-Speed Index Service" on Monday February 28, 2011. In addition to the current service in which the TOPIX and other price indexes are disseminated every second, the indexes in the new service will be calculated with each change in the price of a constituent stock and disseminated on the millisecond level.
The new service is one of the world's most advanced, and will feature new "best quote indexes" which are calculated based on the best quotes* for each individual index constituent.
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Source: Tokyo Stock Exchange
Singapore Exchange Partners With NASDAQ OMX to Offer Innovative Corporate Solutions to Asian Companies
Partnership to Provide Extensive Suite of Tools and Solutions to Asian Market
February 22, 2011--Singapore Exchange (SGX) in partnership with the NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) will be offering a comprehensive suite of tools and solutions designed to enhance corporate activities for listed companies in Asia starting with Southeast Asia and India.
The SGX-NASDAQ OMX suite of tailored tools and solutions provides companies with market intelligence, communications tools and governance solutions.
The suite includes access to impactful Investor Relations websites built to improve shareholder communication, as well as the GlobeNewswire press release distribution network designed to effectively disseminate corporate announcements, and advertising opportunities through the NASDAQ OMX MarketSite in New York.
SGX will also offer competitive market intelligence to assist companies in monitoring their stock performance, peers' performance and industry developments by using powerful analytic tools and solutions. Listed companies can also use a secure portal to better manage board information and documents.
"We are pleased to announce this unique partnership with SGX, which gives Nasdaq OMX the opportunity to support Asian companies with efficient, comprehensive tools and solutions within the corporate solutions community. We look forward to working with SGX and further engaging with an international audience," said Bruce Aust, Executive Vice President of Global Corporate Client Group, NASDAQ OMX.
Gan Seow Ann, President at the Singapore Exchange, said, "This product suite will help listed companies to reach out to their shareholders and global investors in a more impactful way. Effective communications and profiling will strengthen investor confidence and promote interest. We believe our customers will benefit from this additional initiative with NASDAQ OMX."
Source: MASDAQ OMX
The Demographic Dividend: Evidence from the Indian States
February 22, 2011--Large cohorts of young adults are poised to add to the working-age population of developing economies. Despite much interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study makes progress by focusing on India, which will be the largest individual contributor to the global demographic transition ahead.
It exploits the variation in the age structure of the population across Indian states to identify the demographic dividend. The main finding is that there is a large and significant growth impact of both the level and growth rate of the working age ratio. This result is robust to a variety of empirical strategies, including a correction for inter-state migration. The results imply that a substantial fraction of the growth acceleration that India has experienced since the 1980s - sometimes ascribed exclusively to economic reforms - is attributable to changes in the country’s age structure. Moreover, the demographic dividend could add about 2 percentage points per annum to India’s per capita GDP growth over the next two decades. With the future expansion of the working age ratio concentrated in some of India’s poorest states, income convergence may well speed up, a theme likely to recur on the global stage.
view IMF Working paper-The Demographic Dividend: Evidence from the Indian States
Source: IMF
TSE to list 100th ETF - China-Related Equity ETF (managed by Nikko Asset Management Co., Ltd.)
February 21, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of "Listed Index Fund Nikkei China Related 50", managed by Nikko Asset Management Co., Ltd. The new ETF will be listed on Thursday, March 10, 2011.
| Code | 1556(ISIN JP3047350008) |
| Name | Listed Index Fund Nikkei China Related 50 |
| Trading Unit | 10 units |
| Underlying Index | Nikkei China Related Stock 50 |
With this listing, there will be a total of 100 ETFs listed on the Tokyo market, thus attaining the goal of 100 listed ETFs by the end of fiscal year 2010, as laid out in the Medium-Term Management Plan. We sincerely appreciate the cooperation of the various parties involved in achieving this goal. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors.
Source: Tokyo Stock Exchange
Immediately Executable Price Range Rule/ Price Limits/ Circuit Breaker Rule
February 21, 2011--From the viewpoint of preventing sudden price fluctuations, such as caused by erroneous orders, a rule is established to temporarily halt trading, when an order placed will trade beyond a set price range from the last traded price (hereinafter referred to as "Immediately Executable Price Range Rule").
The following range from the last traded price in the auction market (excluding trades from Strategy Trading) for each category as listed below. However, if there is no last traded price during the same trading day, the reference price for daily price limits shall be the base price for the Immediately Executable Price Range Rule.
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Source: Osaka Securities Exchange
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