Tokyo Stock Exchange, Inc. (TSE) will begin calculation and publication of the “TOPIX Dividend Index” and “TOPIX Core30 Dividend Index” on July 22, 2010. The indices indicate, in points, the amount of dividends to be obtained if the component stocks of TOPIX or TOPIX Core30 were held during the index calculation period. Additionally, TSE also plans to list futures whose underlyings are these new indices, as well as the Nikkei Dividend Index on July 26, 2010.
1. Outline of Indices
Index Name | TOPIX Dividend Index (XXXX) | TOPIX Core30 Dividend Index (XXXX) |
The calculation period will be included in the name of the index, for example TOPIX Dividend Index (2010). | ||
Index Calculation Method |
The value of the index shall be the value V totaled during
the period from the first business day of the target year to the date of
calculation, where V is the ratio of (a) the product of the dividends for
each component stock multiplied by the number of shares for index
calculation (reflecting free float weight) versus |
|
Period of Index Calculation |
The first business day of January each year until March
the following year. |
|
Base Point of underlying index | 100 points | 1,000 points |
Start of Calculation | July 22, 2010 | |
Frequency of Calculation | Daily | |
Publication of Index Value |
Published on the TSE Homepage at 3:30PM on the following
business day. |
|
Past Index Values | Index values for the last business day of each month from January 2005 to December 2009 |
2. License Agreement
The TOPIX Dividend Index and TOPIX Core30 Dividend Index are the intellectual property of TSE, and TSE reserves all rights to calculation, publication, use, etc. of such indices. A license agreement with TSE is required for the creation of financial products (funds, structured bonds, etc.) which use index values of the TOPIX Dividend Index or TOPIX Core30 Dividend Index, or the distribution of these indices.