News Centre

CESC To Launch CES China 280 Index On 7 July

Date 16/06/2014

Building on the successful launch of the first batch of indices in the CES China Cross Border Index Series, China Exchanges Services Company Limited (CESC) today (Monday) announced that it will launch the CES China 280 Index (CES 280) on 7 July. 

Demos Warns New Financial Regulator Over ‘Expensive And Risky’ Red Tape - Think Tank Report Urges Investigation Into Likelihood Of Improved Competition In Banking Before Commencing Significant Payment System Reforms

Date 16/06/2014

The setting up of a Government-backed financial regulator could lead to ‘potentially expensive and risky’ red tape according to a stark warning from a financial think tank report.

ESMA Calls For Improvements In Disclosures Related To Business Combinations

Date 16/06/2014

The European Securities and Markets Authority (ESMA) has published a report on the application of accounting requirements for business combinations in IFRS financial statements.  The report, based on a review of the annual IFRS financial statements of 56 issuers in the European Union (EU), examines the consistency of how key requirements of IFRS 3 – Business Combinations are applied and provides recommendations to issuers, and suggestions to the IASB, on areas where the usefulness and quality of the financial information could be improved.

Intercontinental Exchange Announces Records In Sterling And MSCI EAFE Contracts

Date 16/06/2014

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that daily volume records were reached in Sterling and the MSCI EAFE (Europe, Australasia and Far East) contracts on June 13, 2014.

Thai Bourse Announces SET Indices Semi-Annual Review Results

Date 16/06/2014

The Stock Exchange of Thailand (SET) announces the semi-annual index review results for the SET50, SET100, and SETHD indices for the second half of 2014 (July 1 – December 31), SET President Kesara Manchusree said.

EDHEC-Risk Institute Study Shows That It Is Possible To Construct Improved Forms Of Risk Parity Strategies

Date 16/06/2014

In a new study entitled “Towards Conditional Risk Parity – Improving Risk Budgeting Techniques in Changing Economic Environments”, drawn from the Lyxor research chair on “Risk Allocation Solutions,” EDHEC-Risk Institute develops a conditional approach to risk parity, which contrasts with standard unconditional risk parity portfolios based on historical volatility estimates.

UK's Financial Conduct Authority Fines Credit Suisse And Yorkshire Building Society For Financial Promotions Failures

Date 16/06/2014

The Financial Conduct Authority (FCA) has today fined both Credit Suisse International (CSI) and Yorkshire Building Society (YBS) for failing to ensure financial promotions for CSI’s Cliquet Product were clear, fair and not misleading. CSI was fined £2,398,100 and YBS’s fine was £1,429,000.  

Underperformance Rife Among Active Mutual Fund Managers - UK Investors Would Be 1.44% P.A. Better Off Switching To A Passive Tracker Fund - Study Also Claims Funds Should Split At Critical Size To Protect Investor Returns

Date 16/06/2014

Almost all active fund managers fail to outperform the market once fees are extracted from returns, according to new research.

Singapore Fixed Income Indices (SFI) Weekly

Date 16/06/2014

Below are key highlights for the week ending 13 June 2014 (please click on the attachment for further detail):

• The SFI lost 0.20% to 117.47.
• YTD, the STI currently outperforms the SFI by 1.86%.
• The SFI Corporate Bond Index registered its first weekly decline (-0.02%) in the last 10 weeks.  The SFI Industrial Bond Index also declined (-0.03%).
• The SFI Financial Bond Index remained resilient and advanced (+0.07%) for the tenth consecutive week.
• The SFI Financial Bond Index demonstrates a stronger inverse correlation to the STIcompared with the SFI Industrial Bond Index (YTD: -22% vs. -10%).

Sample Adjustment Of SZSE Component Index, SZSE SME Index And SZSE ChiNext Index

Date 16/06/2014

On June 16, 2014, Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly announced to make regular adjustment, in line with the indices compiling rules, to the sample stocks for SZSE series indices, which include SZSE Component Index, SZSE SME Index, SZSE ChiNext Index and SZSE 100 Index, etc. . Meanwhile, Shenzhen Securities Information Co., Ltd. announced to make regular adjustment to the sample stocks for CNI 100 Index and other cross-market indices. The adjustment will become effective as of the first trading day of July, 2014.