The Tokyo Stock Exchange has been calculating and publishing the TOPIX Total Return Index since February 1999 as a benchmark. In response to the market demands of capturing the Net Total Return Indices which are calculated in consideration of tax on dividends, the Tokyo Stock Exchange will begin calculating and publishing the “TOPIX Net Total Return Index” and “TOPIX Net Total Return Currency Hedged Index”.
1. Outline
| Index name | TOPIX Net Total Return Index |
| Calculation Method | free-float adjusted market capitalization-weighted Please see the Tokyo Stock Exchange Index Guidebook for details: Calculation Method ※The tax rate used in the calculation is the withholdings tax rate (excluding the local taxes) applicable to dividends of listed stocks, assuming non-residents who do not benefit from tax treaties. |
| Projected Launch Date | September 2, 2013 |
| Base Date/Base Value | January 4, 1989 / 2375.3 points |
| Index name | TOPIX Net Total Return Euro Hedged Index TOPIX Net Total Return US Dollar Hedged Index TOPIX Net Total Return Pound Hedged Index |
| Calculation Method | Please see the Tokyo Stock Exchange Currency Hedged Index Guidebook for details: Calculation Method |
| Projected Launch Date | September 2, 2013 |
| Base Date/Base Value | August 31, 2005 / 1426.88 points |
2. Index Usage
Index values are available on a fee basis. In addition, a license is required to use this index for the purpose of composing various financial products or a third party delivery. For more details, please contact the following e-mail adress.tminfo@tse.or.jp
