Singapore ETF Volume Up As New Funds Open
Source: http://www.indexuniverse.com/sections/newsinfocus/10-news-in-focus/4613-singapore-etf-volume-up-as-new-funds-open-in-japan.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rssPosted on Monday, October 6th, 2008 | In Exchange Traded Funds
New ETFs also start listing in Tokyo and Hong Kong as boom continues throughout Asia.
The Singapore Exchange Limited (SGX)
set a record in exchange-traded funds trading volume in September, with almost
$323 million, or a 4% increase over the previous record of $311.3 million set
in March 2008.
Volume of 38.2 million shares in
September was also 7% higher than the previous record of 35.7 million shares.
The total value of ETFs traded on the SGX reached $2.2 billion through the
first 9 months of the year, a 277%, or $584 million, increase over the same
year 2007 period.
Similar to the domination of a
handful of large ETFs in the U.S., such as SPY and QQQQ, the trading and volume
increases in Singapore have been driven by a few large ETFs — iShares MSCI
India ETF, Lyxor India ETF (Nifty) and SPDR Gold Shares, no surprise in the
case of the latter portfolio, as gold investments have amassed record assets
worldwide during September’s market
turmoil.
Another notable development behind
the recent trading of ETFs in Singapore was the introduction of the first
broker-produced ETF portfolio allocation and research reports in July.
At the same time, new ETFs are debuting on the Tokyo Stock Exchange and Hong
Kong Exchange.
In Tokyo, the first-ever commodities
ETF in the market is to launch on Oct. 22, pegged to the S&P GSCI commodities
index. While the commodities market has been beaten down in 2008,
commodities-based ETFs have been an important part of the long-term ETF asset
growth story in the U.S., including the iShares $700 million S&P GSCI ETF
(NYSE: GSG). The new commodities ETF in Tokyo will raise the total number of
ETFs trading in Japan to 59 portfolios.
In
Hong Kong, the biggest Taiwan-listed ETF, and one of the largest ETFs
worldwide, is set to list on the Hong Kong Exchange in January. The Polaris Top
50 Tracker Fund tracks the TSEC Taiwan 50 Index, the 50 largest companies in
Taiwanese market. The existing Hong Kong-listed ETF ranks among the 25-largest
ETFs globally.
Last 5 posts by IndexUniverse Staff
- UMM/DMM: Not Your Usual ETFs - July 1st, 2009
- BNY Mellon Tops $100 Billion In ETF Servicing - June 30th, 2009
- Community Banks ETF Set To Launch July 1 - June 26th, 2009
- Breaking Emerging Markets Into Sectors - June 26th, 2009
- Slicing & Dicing On Steriods? - June 26th, 2009
Asia, Exchange Traded Funds, Hong Kong, index universe, Japan, S&P GSCI commodities, S&P GSCI ETF, Singapore, Singapore Exchange Limited, Tokyo, Tokyo Stock Exchange, Tracker Fund, United States, USD
 About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective. The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets. |
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October 6th, 2008 at 10:32 pm
[...] [Technorati] Tag results for commodities wrote an interesting post today onHere’s a quick excerptSingapore ETF Volume Up As New Funds Open IndexUniverse Staff Writes: New ETFs also start listing in Tokyo and Hong Kong as boom continues throughout Asia. The Singapore Exchange Limited (SGX) set a record in exchange-traded funds trading volume in September, with almost $323 million, or a 4% increase over the previous record of $311.3 million set in March 2008. Volume of 38.2 million shares in September was also 7% higher than the previous record of 35.7 million shares. The [...]