Summary
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.
Details
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 |
AOZORA BANK | Banks | JP |
SEKISUI HOUSE REIT | Real Estate | JP |
Japan Prime Realty Investment | Real Estate | JP |
LASALLE LOGIPORT REIT | Real Estate | JP |