TOKYO, June 30 /PRNewswire-AsiaNet/ –
FTSE Group (FTSE), the global index provider, today announces a revision of
the FTSE Kaigai Index, an international equity index designed by FTSE for
Japanese investors, to exclude Advanced Emerging Markets.
This revision comes after an extensive market consultation with Japanese
pension fund and asset managers who expressed an interest in focusing their
international investment on Developed markets. Using the same award winning
international indexing methodology developed for the FTSE Global Equity Index
Series (GEIS), the revised FTSE Kaigai Index features the 23 markets
represented in the FTSE Developed Index family, excluding the Japanese equity
market.
Paul Hoff, Managing Director for Asia-Pacific at FTSE said: "The
revitalised FTSE Kaigai index will provide Japanese pension funds with the most
comprehensive benchmark for their international investment. FTSE GEIS covers
98% of the world’s market capitalisation and FTSE Kaigai draws on the Developed
markets large and mid-cap components of this world acclaimed index series."
The FTSE Kaigai Index review is aligned with the FTSE GEIS review
methodology and timing with quarterly rebalancing by regions. More information
is available at http://www.ftse.com/kaigai
Nomura Securities publishes regular research on FTSE Kaigai, which is
accessible at http://www.ftseall-world.com and is updated on a monthly basis.
Nomura Securities July research will include a special feature on the FTSE
Kaigai modifications.
Notes to Editors
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes.
With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York,
San Francisco, and Tokyo, FTSE Group services clients in 77 countries
worldwide. It calculates and manages the FTSE Global Equity Index series, which
includes world-recognised indexes ranging from the FTSE All-World Index, the
FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes
such as the prestigious FTSE 100. The company has collaborative arrangements
with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ
and Taiwan exchanges, as well as Nomura Securities, Hang Seng and Xinhua
Finance of China; FTSE recently signed an agreement with Dow Jones Indexes to
develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors worldwide for investment
analysis, performance measurement, asset allocation, portfolio hedging and for
creating a wide range of index tracking funds. Independent committees of senior
fund managers, derivatives experts, actuaries and other experienced
practitioners review all changes to the indexes to ensure that they are made
objectively and without bias. Real-time FTSE indexes are calculated on systems
managed by Reuters. Prices and FX rates used are supplied by Reuters.
SOURCE: FTSE Group
CONTACT: Sandra Steel,
FTSE Group Press Office,
+44-207-448-1821,
media@ftse.com, or
Maki Tsujimori,
FTSE Group Japan,
+81-33-581-2796,
maki.tsujimori@ftse.com
Web site: http://www.ftseall-world.com
http://www.ftse.com/kaigai
June 30, 2005
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