JPX and FactSet Announce Plans for New Thematic Indices
In the first instance, the TSE and FactSet will work together to create and promote prototype indices based on three themes particularly relevant to the Japanese market:
- The JPX/FactSet Japan 100-Year Index will capture data on companies that provide technology and services that can support Japan’s aging population as life expectancy continues to expand. It will use FactSet’s proprietary Revere Business Industry Classification System (RBICS) data to identify TSE-listed companies and Real Estate Investment Trusts (REITS) that provide products and services in the healthcare and medical technology, leisure, fitness and beauty, and wealth management sectors.
- The JPX/FactSet Japan Regional Economies Index will support growing investor interest in businesses and services outside the
Tokyoarea. This index is calculated using FactSet’s proprietary Geographic Revenue Exposure, Supply Chain, and Fundamental datasets to identify companies headquartered outside the Tokyometropolitan area and its three prefectures ( Chiba, Kanagawa, and Saitama) that have domestic revenue of 50% or more and a high ratio of sales beyond the Greater Tokyoarea.
- The JPX/FactSet Japan ASEAN-Leaders Index will target companies listed on the TSE that are heavily exposed to the high-growth
ASEANregion. It will use FactSet’s Geographic Revenue Exposure and Fundamental datasets to capture companies that have a high percentage of subsidiaries operating in the ASEANregion, as well as a high percentage of sales concentrated in ASEANcountries.
“Index development is becoming increasingly sophisticated in the Japanese market,” said
The TSE and FactSet are working on further cooperation for index creation based on discussions with market participants and will make further announcements upon official launches.
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