FTSE Group (“FTSE”), the award-winning global index provider and Value Partners Index Services Limited (“Value Partners”), a wholly-owned subsidiary of Value Partners Group, today launched the FTSE Value-Stocks Japan Index. The customised index builds on the success of previous indices for China, China A-Shares, Taiwan and Korea, offering a new and unique approach to investment opportunities in Japan.
The new index is based on Value Partners’ distinct value-investing methodology, and is calculated and maintained by FTSE’s dedicated custom index solutions team. The index captures the performance of liquid value stocks selected from the investable universe of companies listed on the Tokyo and Osaka stock exchanges. Value Partners’ proprietary value-based screening approach seeks to extract superior performance within a range of market conditions, relative to a traditional market-cap weighted index. A comparison of the FTSE Value-Stocks Japan Index versus its peers is provided in the table, below.
Comparison of the FTSE Value-Stocks Japan Index versus peers
|
Calendar Year Return |
FTSE Value-Stocks Japan Index# |
FTSE Japan Index |
TOPIX Index |
Nikkei 225 Index^ |
|
2007 |
-4.06% |
-10.72% |
-11.11% |
-11.13% |
|
2008 |
-47.08% |
-42.05% |
-40.62% |
-42.12% |
|
2009 |
26.96% |
8.66% |
7.62% |
19.04% |
|
2010 |
10.77% |
0.53% |
0.96% |
-3.01% |
|
2011 (YTD as at 31 March 2011) |
0.82% |
-2.61% |
-2.18% |
-4.63% |
Source: FTSE Group and Bloomberg as at 31 March 2011.
Note: The performance is calculated based on Japanese yen values. Unless otherwise specified, index performance values are based on the total return index.
# The FTSE Value Stocks Japan Index was launched on 12 April 2011. Performance data shown is for illustrative purposes only and is not the actual performance of this index, nor is it indicative of future performance.
^ Based on the price index
The FTSE Value-Stocks Japan Index is the latest in a growing family of proprietary value-based indices. To date, the index series covers the Taiwan, Korea and China A-Share markets. The first index in the series – the FTSE Value-Stocks China Index – was launched in July 2009, and forms the basis of the Value China ETF (Stock code: 3046 HK).
Ms. Jessie Pak, Director, Asia of FTSE Group, said “We are delighted to further extend our cooperation with Value Partners to expand the range of FTSE customised value-based indices. The index combines FTSE’s custom expertise with the investment knowledge and distinct methodology of Value Partners to provide investors with a unique way of accessing the Japan market.”
For more information on the FTSE Value-Stocks Index Series including the ground rules, please visit www.ftse.com/valuestocks and www.valuepartners-index.com.hk.
