STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, today announced that the iSTOXX MUTB Japan Quality 150 Index has been licensed to BNP Paribas Asset Management and China Post Global to underlie respective exchange-traded funds (ETFs).
The iSTOXX MUTB Japan Quality 150 Index aims to capture the performance of quality companies with high profitability, low leverage, and sustainable cash flows in Japan. It has been developed in collaboration with the leading Japanese trust bank Mitsubishi UFJ Trust and Banking Corp. (MUTB). This index selects the best companies based on a combined ranking of four fundamentals ratios (return on equity, debt-to-asset, cash flow generation ability and business stability). Stocks need to fulfill minimum liquidity criteria before being added to the index. The index is weighted according to free-float market capitalization with a 2% maximum capping per constituent. Reviews are conducted on a semi-annual basis in June and December.
“The iSTOXX MUTB Japan Quality 150 Index offers market participants a rule-based and transparent way to track the performance of leading Japanese companies in terms of overall quality and stability of their businesses. We are pleased to license this index to BNP Paribas Asset Management and China Post Global for their respective ETFs which are offering investors a currency alternative in investing,” said Matteo Andreetto, chief executive officer, STOXX Limited.
The BNP Paribas Easy iSTOXX MUTB Japan Quality 150 UCITS ETF (LU1547514676) is denominated in euros and currency hedged. It is listed at Deutsche Börse’s XTF segment.
The Market Access iSTOXX MUTB Japan Quality 150 Index UCITS ETF (ISIN LU1598815121) is denominated in Japanese yen. It is also listed at Deutsche Börse’s XTF segment.
Sunao Yokokawa, Managing Executive Officer of Mitsubishi UFJ Trust and Banking Corporation commented: “The iSTOXX MUTB Japan Quality 150 Index has been developed in collaboration with STOXX. This index focuses on both the level and sustainability of companies’ return on equity. I hope this index and the ETFs will attract interest in Japanese equities from global investors.”
Please visit www.stoxx.com for further information.
