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ISTOXX INDICES

iSTOXX MUTB Japan Paris Aligned

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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 170,966.9 919.2 744.6 6,447.2 0.3 3.8 0.0 30.1
STOXX Japan 600 884,338.6 757,343.5 1,262.2 399.8 32,930.1 103.0 4.3 0.0 2.0

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 2.1 13.3 19.1 28.8 63.7 N/A N/A 19.0 8.8 10.3
STOXX Japan 600 1.9 15.9 21.6 42.4 78.6 N/A N/A 21.9 12.6 12.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX MUTB Japan Paris Aligned N/A N/A 20.8 17.2 17.7 N/A N/A 0.8 0.4 0.5
STOXX Japan 600 N/A N/A 23.5 18.8 18.8 N/A N/A 0.7 0.5 0.6
Index to benchmark Correlation Tracking error (%)
iSTOXX MUTB Japan Paris Aligned 1.0 1.0 1.0 1.0 1.0 2.6 4.3 4.1 3.4 3.3
Index to benchmark Beta Annualized information ratio
iSTOXX MUTB Japan Paris Aligned 0.9 0.9 0.9 0.9 0.9 0.9 -0.7 -0.6 -1.0 -0.6

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(JPY, Gross Return), all data as of October 31, 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 13.7 17.3 13.3 13.3 1.6 2.3 1.6 31.4
STOXX Japan 600 12.8 14.7 12.3 12.3 1.4 2.4 1.0 24.0

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.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1258176242 ISMUJPP .ISMUJPP
Gross Return EUR CH1258176333 ISMUJPGR .ISMUJPGR
Net Return EUR CH1258176283 ISMUJPR .ISMUJPR
Price JPY CH1258176184 ISMUJPYP ISMUJPYP INDEX .ISMUJPYP
Gross Return JPY CH1258176317 ISMUJPYG ISMUJPYG INDEX .ISMUJPYG
Net Return JPY CH1258176218 ISMUJPYN ISMUJPYN INDEX .ISMUJPYN
Net Return USD CH1258176176 ISMUJPV .ISMUJPV
Price USD CH1258176341 ISMUJPL .ISMUJPL
Gross Return USD CH1258176374 ISMUJPGV .ISMUJPGV

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.

Top 10 Components4

Company Supersector Country Weight
Toyota Motor Corp. Automobiles and Parts Japan 3.771%
SONY GROUP CORP. Consumer Products and Services Japan 2.702%
RECRUIT HOLDINGS Industrial Goods and Services Japan 2.464%
Keyence Corp. Industrial Goods and Services Japan 2.340%
Fast Retailing Co. Ltd. Retail Japan 2.165%
Mitsubishi UFJ Financial Group Banks Japan 2.067%
Hitachi Ltd. Industrial Goods and Services Japan 1.755%
Daiichi Sankyo Co. Ltd. Health Care Japan 1.687%
Nintendo Co. Ltd. Consumer Products and Services Japan 1.680%
Nippon Telegraph & Telephone C Telecommunications Japan 1.492%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2024

ISTOXX INDICES

iSTOXX MUTB Japan Paris Aligned

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.