FTSE And Daiwa Asset Management Announce Shariah Japan 100 Index

Daiwa Asset Management and the global index provider FTSE Group today announced the launch of the FTSE Shariah Japan 100 Index. Daiwa Asset Management will create an ETF based on the index for listing on the Singapore Exchange providing Islamic investors with significant access to the Japanese market.

The FTSE Shariah Japan 100 Index contains the largest 100 constituents by market cap from the FTSE Japan universe that have been screened by Yasaar to ensure compliance with Islamic Shariah laws. The resulting index is free float adjusted and liquidity screened using FTSE methodology standards.

Masaru Arai, Chief Investment Officer, Daiwa Asset Management said, “By working with FTSE to jointly develop a customized Shariah Japan index, Daiwa will be able to offer Islamic investors with a unique product featuring greatly expanded access to the Japanese market. Daiwa is also pleased to list the index-based ETF on the Singapore Exchange, which is fast becoming an Asian Gateway for listings from around the Asia Pacific and the world.”

Paul Hoff, Managing Director, FTSE Asia Pacific added, “FTSE is dedicated to working closely with industry leaders such as Daiwa Asset Management to create innovative index products to meet the investment needs of all classes of global investors.”