Japan Exchange Group, Inc. (JPX) is pleased to announce that, today, TOPIX has been approved as an underlying index for ETFs by Taiwan Stock Exchange Corporation (TWSE). The approval follows an asset management company's submission to TWSE for examining the eligibility of TOPIX as an underlying index for ETFs. TOPIX ETF will be listed on the TWSE market when the product is approved by the Taiwanese authorities and TWSE.
JPX has worked together with TWSE toward cross listing ETFs and mutually promoting each other's markets. We welcome this positive development toward listing TOPIX ETFs on overseas markets and will continue to work together with TWSE and to promote the products.
Atsushi Saito, Director & Representative Executive Officer, Group CEO, said, "We are delighted that TOPIX has obtained approval following the examination by TWSE. This is the result of our continued cooperation with TWSE and our dedication toward providing better services to our customers. We will continue our efforts to list TOPIX ETFs on the TWSE market and endeavor to strengthen cooperative relationships to further develop capital markets in Asia."
JPX (and predecessor Tokyo Stock Exchange) and TWSE have been building a comprehensive cooperative relationship since 2000.
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Japan Exchange Group: TOPIX Approved By Taiwan Stock Exchange For Listing Of TOPIX ETFs In Taiwan
Date 28/04/2015