Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Asean  News  >>   Investment  >>   Asean 40 ETF fund targets Asean
NEWS UPDATES Asean Affairs        23  February 2011

Asean 40 ETF fund targets Asean

Related Stories

February 1, 2011
Asean studies efficient energy investment

November 23, 2010
Asean sees financial integration

July 2, 2010
Asean SME fund due

une 21, 2010
Citibank plans to expand in Asean

Global X Funds, a New York-based provider of exchange traded funds, has launched the Global X FTSE Asean 40 ETF, the first fund listed in the United States to target Asean.

"We are pleased to provide access to the Asean market for US investors," chief executive officer Bruno del Ama said.

"This is one of the most dynamic regions in the world with accelerating consumer demand that should develop a middle class of about 300 million people by 2015," he said.

Southeast Asian nations have profited from considerable growth and a combined market capitalisation of US$1.75 trillion (Bt53.6 trillion) in 2010, larger than that of both India and Brazil.

The fund allows investors to tap into the economic integration in the region, which has contributed to the 111percent rise in merger and acquisition deals between Asean companies to $53.7 billion.

To aid integration, there is a planned cross-border trading platform scheduled for this year, which includes the stock exchanges in Thailand, Singapore, Malaysia and the Philippines. The region enjoys a stronger relationship with China, as the Asian giant seeks to develop the China-Asean Free Trade Area, as well as an increase in imports from Asean, which increased by nearly 45 per cent last year.

The Global X FTSE Asean 40 ETF seeks to provide investment results that correspond generally to the price and yield performance of the FTSE/Asean 40 Index.

The FTSE/Asean 40 Index tracks the performance of the 40 largest companies in five of the 10 Asean countries - Thailand, Singapore, Malaysia, Indonesia and the Philippines.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code


Today's  Stories    23  February 2011 Subsribe Now !
• Asean 40 ETF fund targets Asean
Subcribe: Asean Affairs Global Magazine
• Asean brokers border conflict deal Asean Affairs Premium
• Cambodian garment benefit talks held
• Indonesia to be the next BRIC
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• Lotte to build petrochemical project in Indonesia
• Malaysia, Turkey sign deals
• Philippines launches bond offering
• Excise tax increase troubles Thai automakers
Asean Analysis    23   February 2011 Advertise Your Brand
• Progress against dengue Sponsor Our Events
Asean Stock Watch    23  February 2011
• Buying Day in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com