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March 2010 Archives

No double dip claims Credit Suisse

30/03/2010

Speaking to Innovative Investor at the 13th annual Asian Investment Conference, Giles Keating, head of research for private banking at asset management at Credit Suisse, claimed the global recovery is becoming more sustainable, despite lacklustre stock market performance. Innovative...

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Little value left in dividends, say dealers

30/03/2010

The recent surge in implied dividends has been so vigorous dealers say there is little upside left in going long dividends. Dealers are inherently long dividends as a result of popular structured products sold to clients, such as reverse...

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Deutsche Bank launches 11 China A-share ETFs in Hong Kong

30/03/2010

Deutsche Bank has launched 11 new exchange traded funds (ETFs) in Hong Kong tracking the performance of sub-sections of the China's CSI 300 Index as well as the Index -compiled by China Securities Index Company - itself. The ETFs...

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Hong Kong moves to deal with price sensitive information

30/03/2010

The Hong Kong government has published proposals to make it statutory for listed corporations to make timely disclosure of price-sensitive information. The government's consultation paper, Proposed Statutory Codification of Certain Requirements to Disclose Price Sensitive Information by Listed Corporations,...

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ETF Securities launches commodity index tracker fund

30/03/2010

ETF Securities, a UK exchange-traded funds (ETFs) and currency specialist, has launched the first ETF to track the Dow Jones-UBS Commodity Three-Month Forward (DJ-UBSCI-F3(SM)) Index, following growing investor demand for diversified commodity related products. "As commodities investing has become...

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Predictions for the year of the Tiger

22/03/2010

The Year of the Tiger is traditionally a turbulent one. Tigers are powerful and brave but also unpredictable. So what, if anything, does this mean for the financial markets in China and Hong Kong? Innovative Investor hears from Kenny...

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HKMA set ups new enforcement unit

22/03/2010

The Hong Kong Monetary Authority (HKMA) plans to restructure its banking supervision and regulatory function, creating a new enforcement department to take over responsibility for securities enforcement and complaints-handling from the banking development department. The reorganisation is designed to...

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PBoC's Zhou not flustered by higher-than-forecast inflation

22/03/2010

Zhou Xiaochuan, the governor of the People's Bank of China (PBoC), on March 14 stood firm on the central bank's interest rate strategy despite inflation data published the previous week triggering alarm in some quarters. Speaking to reporters following...

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ETFS releases commodity funds in Tokyo

22/03/2010

ETF Securities (ETFS) has released a range of 14 commodity funds on the Tokyo Stock Exchange, with trading commencing on March19. The commodity ETFs consist of 9 funds tracking individual asset classes, such as aluminium, copper, corn, crude oil...

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S&P to launch commodity sub-indexes amid US regulation fears

22/03/2010

Ratings agency and financial research firm Standard & Poor's (S&P) plans to roll out two commodity-related sub-indexes that focus only on Asian and European contracts in response to fears the US Commodity Futures Trading Commission (CFTC) will make further...

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Major economies must heed Greece lesson, says Reinhart

22/03/2010

Major economies need to "come to terms with their debt" if they are to avoid the problems afflicting Greece, a leading economist has warned. As fears grow over the risk of a sovereign default in the Eurozone, Carmen Reinhart,...

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Structurers call on SFC not to remove 'safe harbour' rules

15/03/2010

Providers fear collapse in private placement volumes and shift of business to Singapore Structured product issuers, distributors, private bankers and industry associations have called on Hong Kong's Securities and Futures Commission (SFC) to reconsider its proposal to remove the...

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Hong Kong exchange signals greater acceptance of dark pools

15/03/2010

Hong Kong Exchanges and Clearing (HKEx) is looking at adding certain features of 'dark pools' to its traditional trading platform during the long term and remains open to working with alternative trading system (ATS) operators to provide anonymous block...

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FTSE licenses blue-chip index for China ETF

15/03/2010

The FTSE 100 index has been licensed to appear on the Shanghai Stock Exchange for the first time. It has been licensed for use by Hua An Asset Management and will be the basis of the asset manager's first...

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Asia to drive growth in sukuk sales in 2010

15/03/2010

Asia will drive growth in sukuk sales in 2010, according delegates at a seminar on Korean sukuk hosted in Seoul last week by BNY Mellon. As the global financial markets recover from the financial crisis, Islamic finance is becoming...

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BlackRock discuss the love of ETFs in Asia

15/03/2010

Asia's love of ETFs shows no sign of abating any time soon, and with firms in mainland China racing to be the first to launch an international ETF the market could soon see another steep uptake in demand. Innovative Investor...

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Deutsche Bank talks about legacy transfers and other issues facing HNWIs in Asia

08/03/2010

Mark Smallwood, head of wealth management solutions, Asia Pacific at Deutsche Bank Private Wealth Management, talks to Innovative Investor about the issues HNWIs in Asia need to consider, and the steps they can take, to address legacy-transfer issues. Innovative...

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MAS stops short of defining complex products in consultation

08/03/2010

The Monetary Authority of Singapore (MAS) has published a handbook for retail investors that details for the first time how it believes structured products should be sold. The publication of Making Sense of Structured Products in its second public...

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SFC moves to short-position reporting regime

08/03/2010

Hong Kong's Securities and Futures Commission (SFC) will introduce a short-position reporting regime to "enhance transparency of short-selling activities" in Hong Kong. The widely expected move by the SFC was announced following a consultation period during which the regulator...

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Investors ditch Bric basket plays as correlation soars

08/03/2010

Correlation between the Bric (Brazil, Russia, India and China) currencies has blown out over the past six months, increasing the cost of structuring Bric-basket trades. High charges have meant investors have chosen to tweak emerging-market exposures by trading baskets...

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Life settlement funds hit Asia

08/03/2010

Asian institutions have started to invest in life settlement funds and the market is being tipped for further growth. Life settlement funds are pools of life policies sold on by their original policyholders in exchange for a lump-sum payment,...

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RBS launches instant trading in Asia

08/03/2010

Royal Bank of Scotland has launched a business-to-business trading platform in Asia to enable institutional clients and wealth management intermediaries to execute instant trades on investments. MyMarkets gives investors access to investments, including structured products, across all asset classes...

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Nomura launches hedge fund replication indexes

08/03/2010

Nomura has launched a series of hedge fund replication indexes in partnership with Hedge Fund Research (HFR), aiming to replicate the returns generated by hedge funds in a more transparent way. The HFRq Hedge Fund Replication Long Index and...

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Schlossmacher takes on investment solutions role at Credit Suisse

08/03/2010

Werner Schlossmacher has taken on the additional title of director and head of investment solutions for southeast Asia and Australasia at Credit Suisse's private banking division. In this new role, he will oversee the products and investment solutions areas...

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Pricing Partners platform adds VAR analytics for structured products

08/03/2010

Pricing Partners has unveiled a new value-at-risk calculation tool for structured products on its Price-it platform. The new system has been in development for two years and will now be marketed to both buy-side and sell-side clients. Value-at-risk is...

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India's budget a turning point for fiscal consolidation: S&P

01/03/2010

Standard & Poor's (S&P's) Ratings Services has claimed India's 2010-2011 budget marks the country's first steps towards fiscal consolidation after two years of deteriorating finances. In a statement, S&P's said it believes with increased certainty that the government can...

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SFC quarterly report lists period of significant enforcement actions

01/03/2010

In its Quarterly Report for October to December 2009 released at the end of February, the Securities and Futures Commission (SFC) in Hong Kong noted the conclusion of its investigations into the sale of Lehman Brothers Minibonds following the...

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DB launches 6 new ETFS in Hong Kong

01/03/2010

Deutsche Bank announced today the launch of six new Exchange Traded Funds (ETFs) on The Stock Exchange of Hong Kong Limited (SEHK), including the first ETF in Asia to track the performance of the Brazilian domestic equity market. The...

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China Construction Bank (Asia) chooses FinIQ as distribution partner

01/03/2010

China Construction Bank (Asia), Hong Kong has announced it is to partner with FinIQ for structured products distribution and processing. The system will integrate into bank's existing infrastructure and will automate the entire life cycle for equity linked structures,...

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HK stamp duty concessions to have little impact

01/03/2010

Hong Kong's Financial Secretary has delivered a budgetary proposal to extend the stamp duty concession on ETFs in order to promote "healthy growth" in the market but it looks likely to affect less than 10% of ETFs. On 24...

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Pricing Partners launches Asian operation

01/03/2010

Xavier Deschamps, general Manager, global head of sales and marketing at Pricing Partners talks to Innovative Investor about its brand new launch into the Asian markets. Innovative Investor - What is Pricing Partners? Who uses your services and why?...

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