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ISTOXX INDICES
iSTOXX MUTB Japan Paris Aligned
Index Description
The iSTOXX MUTB Japan Paris Aligned Index is designed to help investors shift towards a low-carbon economy. This index is based on liquid securities selected from its parent index, STOXX Japan 600. Companies identified as non-compliant according to their Global Standards Screening (GSS) assessment or that are involved in Very Severe ESG Controversies or Controversial Weapons or Tobacco Production, are not eligible for selection. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities, or from fossil fuel-based power generation are not considered for selection. Furthermore, companies that ISS ESG assesses to have Significant Obstruction in the UN SDGs 12,13,14 and 15 are excluded from the selection universe. The weighing process follows an optimization model that minimizes its exposure to a risk score consisting of four sustainable terms subject to constraints.
Key facts
- Created to help investors shift towards a low carbon economy by aligning with a 2C scenario.
- The indices aim to reduce their greenhouse gases emission intensity by at least 50%, when compared to their underlying benchmarks, or to provide 7% year on year decarbonization choosing the lowest of those two targets.
- The aggregate sector exposure to low-carbon transition, high climate impact sectors is not overweight, relative its parent index.
Descriptive Statistics
Index | Market Cap (JPY bn) | Components (JPY bn) | Component weight (%) | Turnover (%) | |||||
---|---|---|---|---|---|---|---|---|---|
Full | Free-float | Mean | Median | Largest | Smallest | Largest | Smallest | Last 12 monts | |
iSTOXX MUTB Japan Paris Aligned | N/A | 17,797.7 | 100.6 | 78.4 | 994.7 | 4.8 | 5.6 | 0.0 | 20.1 |
STOXX Japan 600 | 916,452.4 | 778,176.0 | 1,297.0 | 402.3 | 46,782.4 | 36.4 | 6.0 | 0.0 | 2.2 |
Supersector weighting (top 10)
Country weighting
Risk and return figures1
Index returns | Return (%) | Annualized return (%) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Last month | YTD | 1Y | 3Y | 5Y | Last month | YTD | 1Y | 3Y | 5Y | |
iSTOXX MUTB Japan Paris Aligned | 3.4 | 13.5 | 30.3 | 33.5 | 74.2 | N/A | N/A | 30.5 | 10.1 | 11.7 |
STOXX Japan 600 | 3.7 | 17.3 | 39.7 | 47.8 | 88.7 | N/A | N/A | 40.8 | 14.1 | 13.7 |
Index volatility and risk | Annualized volatility (%) | Annualized Sharpe ratio2 | ||||||||
iSTOXX MUTB Japan Paris Aligned | N/A | N/A | 12.8 | 14.7 | 16.0 | N/A | N/A | 1.8 | 0.5 | 0.7 |
STOXX Japan 600 | N/A | N/A | 14.0 | 15.6 | 16.6 | N/A | N/A | 2.2 | 0.7 | 0.7 |
Index to benchmark | Correlation | Tracking error (%) | ||||||||
iSTOXX MUTB Japan Paris Aligned | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 3.1 | 3.1 | 3.1 | 3.1 | 3.0 |
Index to benchmark | Beta | Annualized information ratio | ||||||||
iSTOXX MUTB Japan Paris Aligned | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | -4.3 | -5.3 | -2.8 | -1.3 | -0.7 |
1For information on data calculation, please refer to STOXX calculation reference guide
2Based on EURIBOR1M
(JPY, Net Return), all data as of March 29, 2024
ISTOXX INDICES
iSTOXX MUTB Japan Paris Aligned
Fundamentals
Index | Price/earnings incl. negative | Price/earnings excl. negative | Price/book | Dividend yield (%)3 | Price/sales | Price/cash flow | ||
---|---|---|---|---|---|---|---|---|
Trailing | Projected | Trailing | Projected | Trailing | Trailing | Trailing | ||
iSTOXX MUTB Japan Paris Aligned | 19.7 | 18.5 | 19.0 | 19.0 | 1.9 | 2.0 | 1.7 | 106.9 |
STOXX Japan 600 | 16.8 | 16.6 | 15.9 | 15.9 | 1.6 | 2.2 | 1.1 | 44.8 |
Performance and annual returns
Methodology
The MUTB Paris Aligned Index Family is designed to help investors shift towards a low-carbon economy. Each index is based on a selection of liquid securities from its parent index.
Companies identified as non-compliant according to their Global Standards Screening (GSS) assessment or that are involved in Very Severe ESG Controversies or Controversial Weapons or Tobacco Production, are not eligible for selection. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities, or from fossil fuel-based power generation are not considered for selection.
Furthermore, companies that ISS ESG assesses to have Significant Obstruction in the UN SDGs 12,13,14 and 15 are excluded from the selection universe.
Index | ISIN | Symbol | Bloomberg | Reuters |
---|---|---|---|---|
Gross Return EUR | CH1258176333 | ISMUJPGR | .ISMUJPGR | |
Net Return EUR | CH1258176283 | ISMUJPR | .ISMUJPR | |
Price EUR | CH1258176242 | ISMUJPP | .ISMUJPP | |
Gross Return JPY | CH1258176317 | ISMUJPYG | ISMUJPYG INDEX | .ISMUJPYG |
Net Return JPY | CH1258176218 | ISMUJPYN | ISMUJPYN INDEX | .ISMUJPYN |
Price JPY | CH1258176184 | ISMUJPYP | ISMUJPYP INDEX | .ISMUJPYP |
Gross Return USD | CH1258176374 | ISMUJPGV | .ISMUJPGV | |
Net Return USD | CH1258176176 | ISMUJPV | .ISMUJPV | |
Price USD | CH1258176341 | ISMUJPL | .ISMUJPL |
Quick Facts
Weighting | Price weighted |
Cap Factor | Variable |
No. of components | Variable |
Review frequency | Semi-Annual |
Calculation/distribution | Realtime 15 sec |
Calculation hours | 00:00:00 22:15:00 |
Base value/base date | 100 as of November. 19, 2018 |
History | Available from Nov. 19, 2018 |
Inception date | March. 31, 2023 |
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet. |
ISTOXX INDICES
iSTOXX MUTB Japan Paris Aligned
Top 10 Components4
Company | Supersector | Country | Weight |
---|---|---|---|
Toyota Motor Corp. | Automobiles and Parts | Japan | 5.649% |
SONY GROUP CORP. | Consumer Products and Services | Japan | 2.629% |
Tokyo Electron Ltd. | Technology | Japan | 2.614% |
Keyence Corp. | Industrial Goods and Services | Japan | 2.454% |
Fast Retailing Co. Ltd. | Retail | Japan | 2.093% |
RECRUIT HOLDINGS | Industrial Goods and Services | Japan | 1.938% |
Mitsubishi UFJ Financial Group | Banks | Japan | 1.934% |
Nintendo Co. Ltd. | Consumer Products and Services | Japan | 1.822% |
Nippon Telegraph & Telephone C | Telecommunications | Japan | 1.805% |
Daiichi Sankyo Co. Ltd. | Health Care | Japan | 1.703% |
3Net dividend yield is calculated as net return index return minus price index return
4Based on the composition as of March 29, 2024