The STOXX Asia/Pacific Diversification Select 50 JPY Index captures the performance of stocks with low correlation, low volatility and high dividends from the STOXX Asia/Pacific 600 Index.
The component selection process first excludes all stocks with the highest 12-months average correlation with all other stocks of the benchmark, then excludes stocks whose 3- or 12-month historical volatilities are the highest. Among the remaining stocks, the 50 stocks with the highest 12-month historical dividend yields are selected to be included in the index. The percentage of exclusion/inclusion at each step is the same.
Those constituents are weighted according to the inverse of their volatility, with a cap at 10%. The indices are reviewed quarterly.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Top 10 Components
|FRONTIER RLST.INV.||Real Estate||JP|
|Singapore Exchange Ltd.||Financial Services||SG|
|Japan Tobacco Inc.||Food, Beverage and Tobacco||JP|
|DAIWA HOUSE REIT INVESTMENT||Real Estate||JP|
|AEON REIT INVESTMENT||Real Estate||JP|
|NOMURA REIT.MASTER FUND||Real Estate||JP|
|SEKISUI HOUSE REIT||Real Estate||JP|
|Japan Prime Realty Investment||Real Estate||JP|
|LASALLE LOGIPORT REIT||Real Estate||JP|