STOXX Asean-Five Select Dividend 50 Index Licensed to Nomura to Underlie
ZURICH, March 12, 2014
ZURICH, March 12, 2014 /PRNewswire/ --
First exchange-traded product based on a STOXX Index listed on Tokyo Stock
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.
(Logo: http://photos.prnewswire.com/prnh/20140312/674287 )
"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
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
STOXX Ltd. is part of Deutsche Boerse AG and SIX. http://www.stoxx.com
Andrea Weidemann, email@example.com , Phone: +41-58-399-3568
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