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STYLE INDICES

iSTOXX MUTB Japan Proactive Leaders 200

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Index Description

The iSTOXX MUTB Japan Proactive Leaders 200 indices select the best companies based on a combined ranking of four fundamentals indicators (profitability, leverage, cash flow generation ability and business stability) and two capital investment factors (physical and human). Stocks need to fulfill minimum liquidity, and credit risk criteria before being added to the index. The number of companies from one ICB sector is constrained to ensure diversification.

Key facts

  • Offers a unique opportunity to track the performance of leading Japanese companies in terms of overall quality and stability of their businesses but also reinvestment in physical and human capital.
  • The selection of the companies is based on a combined ranking of four fundamentals indicators (high profitability, low leverage, cash flow generation ability and business stability) and two capital investment factors (physical and human).

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX MUTB Japan Proactive Leaders 200 2,373.6 1,937.3 9.7 4.2 51.5 0.5 2.7 0.0 19.1
STOXX Japan 600 5,837.4 5,005.1 8.3 2.7 208.6 0.6 4.2 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 Proactive Leaders 200 -0.2 4.1 9.3 0.3 22.0 N/A N/A 9.3 0.1 4.1
STOXX Japan 600 0.7 8.0 12.8 10.9 27.0 N/A N/A 13.0 3.5 5.0
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX MUTB Japan Proactive Leaders 200 N/A N/A 22.0 20.2 19.7 N/A N/A 0.3 -0.1 0.2
STOXX Japan 600 N/A N/A 22.8 20.0 19.6 N/A N/A 0.4 0.0 0.2
Index to benchmark Correlation Tracking error (%)
iSTOXX MUTB Japan Proactive Leaders 200 1.0 1.0 1.0 1.0 1.0 3.1 4.4 4.4 4.4 4.4
Index to benchmark Beta Annualized information ratio
iSTOXX MUTB Japan Proactive Leaders 200 0.9 0.9 1.0 1.0 1.0 -3.5 -0.8 -0.6 -0.5 -0.1

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

2Based on EURIBOR1M

(USD, Gross Return), all data as of November 29, 2024

STYLE INDICES

iSTOXX MUTB Japan Proactive Leaders 200

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 Proactive Leaders 200 17.2 16.7 17.2 17.2 1.9 1.9 1.4 26.6
STOXX Japan 600 14.7 14.7 14.3 14.3 1.4 2.2 1.0 24.3

Performance and annual returns

Methodology

The indices are derived from their benchmark index, identified by ICB Sector 351020, and stocks classified as Japan on the STOXX Total Market index but incorporated outside of Japan are excluded from the universes.

The indices are weighted according to free-float market capitalization with a 2% maximum capping per constituent.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0323603941 ISXMPLG .ISXMPLG
Price EUR CH0323603925 ISXMPLP .ISXMPLP
Net Return EUR CH0323603933 ISXMPLN .ISXMPLN
Gross Return JPY CH0323604006 ISXMPLYG ISXMPLYG INDEX .ISXMPLYG
Net Return JPY CH0323603990 ISXMPLYN ISXMPLYN INDEX .ISXMPLYN
Price JPY CH0323603982 ISXMPLYP ISXMPLYP INDEX .ISXMPLYP
Net Return USD CH0323603966 ISXMPLV .ISXMPLV
Price USD CH0323603958 ISXMPLL .ISXMPLL
Gross Return USD CH0323603974 ISXMPLU .ISXMPLU

Quick Facts

Weighting Free-float
Cap Factor 2%
Base value/base date 100 as of Dec. 22, 2016
Inception date 23-May-16
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
RECRUIT HOLDINGS Industrial Goods and Services Japan 2.657%
Fast Retailing Co. Ltd. Retail Japan 2.562%
KDDI Corp. Telecommunications Japan 2.346%
SONY GROUP CORP. Consumer Products and Services Japan 2.293%
Hitachi Ltd. Industrial Goods and Services Japan 2.266%
Nintendo Co. Ltd. Consumer Products and Services Japan 2.152%
Nippon Telegraph & Telephone C Telecommunications Japan 2.120%
Hoya Corp. Health Care Japan 2.097%
Keyence Corp. Industrial Goods and Services Japan 1.922%
SOFTBANK Telecommunications Japan 1.889%

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

4Based on the composition as of November 29, 2024

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.