The Tokyo Stock Exchange will calculate and publish a new dividend yield-focused index called "Tokyo Stock Exchange Dividend Focus 100 Index" to satisfy the diverse needs for stock price indices in the market.
The Tokyo Stock Exchange Dividend Focus 100 Index is an index which places focus on the estimated dividend yields of its constituent issues. The index will be made up of the top 100 issues (90 stocks, 10 REITs) which have large market capitalization and high estimated dividend yield, out of constituent issues of the TOPIX 1000 and Tokyo Stock Exchange REIT Index.
1. Overview
| Name of
Index (tentative) |
Tokyo Stock Exchange Dividend Focus 100 Index |
|---|---|
| Constituent Issues | 100 issues (90 stocks, 10 REIT
issues), based on market capitalization and estimated dividend yield,
selected from the constituent issues of TOPIX 1000 and Tokyo Stock
Exchange REIT Index which settle accounts in March, June, September, or
December. * Constituent issues will be published in mid-February 2010. |
| Issue Selection |
|
| Index Calculation | Optimization factor adjusted market capitalization weighted index |
| Base Date/ Base Value | Friday, February 26, 2010 / 1,000 points |
| Launch Date | Monday, March 8, 2010 |
| Total Return Index | Available |
| Calculation Interval | Real-time distribution via TSE Market Information System (MAINS) (every 15 seconds) to securities companies, information vendors, etc. (excluding Total Return Index) |
| Dissemination via TMI | Not available |
2. Use of Index License
The index is calculated in collaboration with another company. With regards to index licensing, priority will be given to parties related to ETF creation.
