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……
Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
Click here to register for your free copy
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 (b) the base market capitalization of the target index, totaled for the component stocks of the index on a given day. Therefore, TSE calculates and publishes new dividend indices each year.
Period of Index Calculation: The first business day of January each year until March the following year. For example, the calculation period for the TOPIX Dividend Index (2010) would be January 4, 2010 – March 31, 2011.
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
Source: ETFWorld – TSE
Lascia un commento