Lyxor International Asset Management ("Lyxor AM"), a wholly-owned subsidiary of Societe Generale, and Tokyo Stock Exchange, Inc. ("TSE") today announce the listing of the Lyxor ETF Japan (TOPIX®) on the Hong Kong Exchanges and Clearing Limited ("HKEx"). This is the first Exchange Traded Fund (ETF) in Hong Kong based on the Tokyo Stock Price Index (TOPIX®).
TOPIX® is a free-float adjusted market capitalization-weighted index composed of 1,724 companies listed on the First Section of TSE. The index offers a wider range of Japanese stocks than other major indices, making it a reliable indicator of movements in the Japanese market. The Lyxor ETF Japan (TOPIX®) aims to achieve a performance that corresponds closely to the underlying index. With this ETF, investors can participate in the growth of the Japanese equity market and gain instant market diversification through a single trade in real-time on HKEx."The TOPIX® index is widely used as a key benchmark by institutional investors throughout the world, for measuring the performance of the Japanese economy," Joseph Ho, Managing Director, Head of ETF Sales & Marketing (Asia ex-Japan) at Societe Generale responsible for the Lyxor ETF platform across Asia. "Today, we are very pleased to make available the Japan Topix ETF to investors in Hong Kong to enable them to access one of the world's most important equity markets with ease, convenience and cost-efficiency."
Tomoyoshi Uranishi, Senior Executive Officer of Tokyo Stock Exchange, Inc. commented "The TSE is delighted with the listing of this Exchange Traded Fund on the Hong Kong Exchanges and Clearing (HKEx). The ETF is based on TOPIX - a representative index of Japanese stocks. This ETF enhances convenience for Hong Kong investors by increasing the number of tools for investing in Japanese stocks at their disposal, and we expect that this listing will provide Hong Kong investors for a further enhancement of Japanese stocks."
Details of the Lyxor ETF Japan (Topix®) are as follows:
Underlying Index | TOPIX® index |
---|---|
Listing Date (SEHK) | 3 June 2008 |
Exchange Listing | SEHK - Main Board |
Stock Code | 2814 |
Trading Board Lot Size | 500 Units |
Trading Currency | Hong Kong Dollars (HK$) |
As at 30 April 2008, the 10 largest constituent stocks of the TOPIX® index, representing in excess of 21.31% based on the free-float adjusted market capitalisation of the TOPIX® index, are as follows:-
Name | Weight (%) |
---|---|
TOYOTA MOTOR CO | 3.87% |
MITSUB UFJ FG | 3.75% |
SMFG | 2.09% |
MIZUHO FINANCIAL | 1.86% |
NINTENDO | 1.86% |
CANON INC | 1.85% |
HONDA MOTOR | 1.61% |
SONY CORP | 1.53% |
MATSUSHITA E IND | 1.49% |
MITSUBISHI CORP | 1.41% |
Lyxor AM is one of the leading global ETF players with around US$42.3 billion in assets under management, offering over 125 ETFs listed on the major European and Asian exchanges covering equity, bond, commodity, and sector indices.