ZURICH, March 12, 2014 /PRNewswire/ --
First exchange-traded product based on a STOXX Index listed on Tokyo Stock Exchange
STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that the STOXX ASEAN-Five Select Dividend 50 Index was licensed to Nomura Asset Management to serve as the basis for an exchange-traded note (ETN) available today on Tokyo Stock Exchange. This is the first time that the STOXX ASEAN-Five Select Dividend 50 Index, which selects the 50 highest dividend paying companies from five member states of the Association of Southeast Asian Nations (ASEAN), will be used as an underlying for a ETN.
"With the launch of the STOXX ASEAN-Five Select Dividend 50 Index, we were the first index provider to offer a dividend index concept for the ASEAN region," said Hartmut Graf, chief executive officer, STOXX Limited. "Nomura's new ETN will allow Japanese market participants access to this concept for the first time. This ETN is also the first exchange-traded product based on a STOXX index which is listed in Japan, and thus a further milestone for STOXX's Asia expansion."
Makoto Shiota, head of ETF Marketing of NOMURA Securities Co., LTD, commented: "We are pleased to collaborate with STOXX's index business. The STOXX ASEAN-Five Select Dividend 50 Index shows the growth powers of the attractive ASEAN 5 countries."
The STOXX ASEAN-Five Select Dividend 50 Index comprises 50 companies with high dividend payments from the following five ASEAN member states: Indonesia, Malaysia, Philippines, Singapore and Thailand. To be eligible for inclusion in the new index, a company must be a component of the STOXX Asia Total Market Index, have an average daily trading volume (ADTV) of at least 1.5 million US dollar over the last three months at the time of selection and a dividend pay-out ratio of 80% or less. All stocks that meet these criteria are ranked by their 12 month historical dividend yield, and the top 50 are selected. REITs companies are excluded from the index. To prevent the index being dominated by one country, the maximum number of companies that can be included per country is 15. Furthermore, components' weights are capped at 10%.
The STOXX ASEAN-Five Select Dividend 50 Index is weighted by free-float market cap and calculated in price, net and gross return versions. The index is available in euro, US dollar and Japanese yen. The index is reviewed annually in March and rebalanced quarterly. Daily historical data is available back to Mar. 22, 2004.
Please visit http://www.stoxx.com for further information.
Note to Editors:
About STOXX Limited
STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 6,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global Index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia, and Pacific, the sub-regions Latin America and BRIC (Brazil, Russia, India and China), as well as global markets.
STOXX Ltd. is part of Deutsche Boerse AG and SIX. http://www.stoxx.com
Andrea Weidemann, firstname.lastname@example.org, Phone: +41-58-399-3568