Tag: etf

Despite the fanfare from QDII ETF issuers and the Shanghai Stock Exchange, these products are unlikely to achieve the lofty aims set for them. Another fund house queues up to launch a QDII exchange-traded fund and, like FTSE, is intent on repairing its reputation in China. The index provider is finally settling with the Shanghai Stock Exchange over an infringement lawsuit dating back to 2006. James Polisson joins as global head of exchange-traded funds, while Andy Arenberg will run global ETF distribution. Regulatory uncertainty still clouds parts of the exchange-traded funds market, says a new report from State Street Global Advisors. Russell Investments' index unit picks Shanghai as the likely venue for the launch of the first Asia-Pacific ETF to reference one of its benchmarks. The new exchange-traded funds include the first fund in Asia to track the Brazilian stock market. The bank expects sizable growth in inflows from pension and sovereign funds. An embarrassing trading mistake at Bank of Communications Schroder sheds light on the shaky foundations of China’s exchange-traded fund mechanism. The trend in China towards passive investing bodes well for both asset managers' products. Walter Chang of hedge fund ROCIM talks about the recent rally, likely shocks next year and why Asia ex-Japan ETFs may not be the best bet for 2010. Meanwhile, Chinese investors should buy foreign assets, and ETF/index products are the most efficient way to do so, say panellists at a recent conference. Simplex Asset Management says its new product, referencing the Dow Jones Industrial Average, is likely to attract mainly individual investors. The products will provide access to the CSI 300 index and more focused exposure to four sectors, including energy, financials, infrastructure and materials. The exchange-traded fund market has come a long way since the launch of the first Asia ex-Japan ETF a decade ago. Meanwhile, the exchange-traded fund giant still has no plans to launch inverse or leveraged ETFs. The Swiss private bank is steering clear of stocks likely to be referenced in Asia ETFs to avoid the effects of potential withdrawals. The partnership involves Ping An buying a 50% stake in Value Partners' Sensible Asset Management Hong Kong. As the Chinese regulator continues to clamp down on the sale of structured products, Hua An's case against the bankrupt Lehman entity drags on. Following listings in Singapore in February, the bank brings its exchange-traded funds to Hong Kong. Cerulli Associates notes that higher fees, low liquidity and the dominance by a few key players are preventing the region's ETF market from strengthening.