Deutsche Bank db x-trackers has listed 4 new ETFs on SGX tracking the MSCI China, MSCI India, MSCI Malaysia, and MSCI Thailand indices. The 4 ETFs will be denominated in USD currency.

More information on these ETFs can be found on the DB ETF website.

MSCI China
All-in Fee (p.a.): 0.65%
ISN: LU0514695690
SGX Code: LG9
BBG Code: LG9 SP

MSCI India
All-in Fee (p.a.): 0.75%
ISN: LU0514695187
SGX Code: LG8
BBG Code: LG8 SP

MSCI Malaysia
All-in Fee (p.a.): 0.50%
ISN: LU0514694370
SGX Code: LG6
BBG Code: LG6 SP

MSCI Thailand
All-in Fee (p.a.): 0.50%
ISN: LU0514694701
SGX Code: LG7
BBG Code: LG7 SP

Deutsche Bank db x-trackers has listed its MSCI Japan and S&P/ASX 200 ETFs on SGX.

With the db x-trackers S&P/ASX 200 ETF (LF1 SP), Deutsche Bank becomes the first ETF provider to list an ETF tracking the Australian stock market in Asia. The db x-trackers MSCI Japan ETF (LF2 SP), which has close to USD 550mn in assets under management, is the first MSCI Japan ETF to be listed in Asia.

db x-trackers ETF on: All-in Fee (p.a.) Listing Currency ISN SGX Code BBG Code

S&P/ASX 200 (Australia)
All-in Fee (p.a.): 0.50%
Listing Currency: USD
ISN: LU0328474803
SGX Code: LF1
BBG Code: LF1 SP

MSCI Japan 0.50%
All-in Fee (p.a.): 0.50%
Listing Currency: USD
ISN: LU0274209740
SGX Code: LF2
BBG Code: LF2 SP

Deutsche Bank db x-trackers has listed the first worldwide Australia Bond ETF on SGX.

The ETF (K6Y SP), which is tradable in AUD, tracks the Australia SSA Bonds Total Return Index which reflects a portfolio of AUD-denominated bonds. The index has a yield of 5.21% and a duration of 4.18.

The Index aims to be representative of the domestic Australian bond market and intends to reflect, via a rules-based methodology, the economic performance over time of a notional dynamic portfolio of AUD-denominated bonds issued by Australian Sovereigns, foreign sovereigns, supranational organizations, sovereign agencies or local government authorities meeting the relevant eligibility criteria.

Underlying bonds must meet certain eligibility criteria including but not limited to having a notional amount outstanding of at least AUD 100,000,000 and a time remaining to maturity of one calendar year at the monthly re-balancing date. The Index is published in AUD by Deutsche Bank AG, acting through its London Branch and has a base date of 31 December 2003.

All-in Fee (p.a.) : 0.25%
SGX Code : K6Y
ISN : LU0494592974
BBG Code : K6Y SP

Deutsche Bank db x-trackers has launched (on SGX) an ETF linked to commodities, the DBLCI-OY Balanced Commodity ETF.

This ETF tracks the DBLCI-OY Balanced USD Index (FX Hedged Deutsche Bank Liquid Commodity Index™ – Optimum Yield Balanced) and is intended to reflect the performance of 14 commodities: WTI Crude Oil, Brent Crude Oil, Heating Oil, RBOB Gasoline, Natural Gas, Aluminium, Copper, Zinc, Gold, Silver, Wheat, Corn, Soybean and Sugar.

All-in Fee (p.a.) : 0.55%
SGX Code : J0S
ISN : LU0455008614
BBG Code : J0S SP

The latest news about Sino-Environment is that Sam Chong Keen has stepped down as CEO and the company has on 11 May 2010 made an application in the High Court of the Republic of Singapore (the “Court”) to place the Company under judicial management.

Looks like the restructuring is not going to happen. This is not surprising if you read the “ Cash and Special audits” announcement released about a week ago. Some examples:

• As a result of the resignations of a substantial number of staff in the China subsidiaries of the Company (“the China subsidiaries”), the process of locating outstanding information and documents was considerably impeded.
• The Manager had difficulties confirming the signatories for the Group’s other bank accounts as there was lack of information due to the resignations of the former staff of the China subsidiaries who were privy to such information. Those former staff and possible bank signatories could not be located by the Manager. The Manager could not get any of the remaining employees of the China subsidiaries to assist in locating those former staff.
• The Company’s CEO subsequently spoke to Sino-Environment’s former Executive Chairman and CEO, Mr Sun Jiangrong to request for his assistance in identifying and locating the bank signatories of the China subsidiaries’ other bank accounts in China. He did not provide any assistance.
• The Board decided to appoint Beijing-based law firm, Tian Yuan Law Firm (“TYLF”) to commence procedures to secure the rights of the Board to appoint new bank signatories for the relevant bank accounts, legal representatives and directors for all the Group’s China subsidiaries. TYLF also verbally informed the Company that the work is expected to take between one to two years to complete.

In view of such circumstances, what can anyone possibly do? You can’t even access your own bank accounts! And everyone has gone missing. Investors in Sino-Environment have surely been taken for a long ride.

Another reason for me not to touch S-Chips – ever. It is just too difficult to do the necessary due diligence on these companies.