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SG Japan Quality Income Index

Index level: Index level is not available

Main characteristics

Bloomberg Code SGQJNTR
Inception Date 09/03/2017
Return Type Net Return
Currency JPY
CALCULATED_BY Singapore Exchange Limited

Objective

The SG Japan Quality Income Index selects high-quality and high-dividend Japanese stocks.
The Index aims to track a portfolio of Japanese stocks based solely on the basis of their ability to provide a high quality income stream to their owners, according to a model developed by SG’s Quant Research Department.

 

Mechanism

The SG Japan Quality Income Index comprises 60 stocks listed on the TOPIX 1000 Index. The index follows a three-step selection process:

  • Selection of the highest quality stocks based on profitability factors, leverage and operating efficiency (the Piotroski’s factors)
  • Selection of the 40% best scoring stocks in respect to balance sheet (Merton’s distance to default)
  • Selection of stocks with a high dividend yield (the dividend yield ranking within top 40% of the TOPIX 1000 Index).

The SG Japan Quality Income Index is weighted according to a liquidity criteria  and quarterly rebalanced.


SG Japan Quality Income Index Standard is the property of Societe Generale. Singapore Exchange Limited and its affiliates (collectively, the SGX Group Companies) each expressly excludes any guarantee, warranty, condition, term, undertaking or representation of any kind, express or implied, statutory or otherwise, in relation to the Custom Indices, the methodology and the components of a Custom Index which may include, but is not limited to, constituent level data such as futures prices, shares outstanding, investable weight factor, and fundamental data such as price/earnings ratios and/or other financial ratio, including calculation of the Custom Indices (Underlying Data) or values of the Custom Indices (Index Values). In no event whatsoever shall any of the SGX Group Companies be liable or responsible for any damages or loss of any kind, even if they have been advised of the possibility of such damages or loss, whether in contract, tort (including negligence), strict liability or otherwise and whether direct, indirect, special, incidental, punitive, consequential, economic loss or any kind (including but not limited to loss of profit, loss of reputation, loss of opportunity, or lost time or goodwill), suffered or incurred by any person from the use or reliance of the Custom Indices, Underlying Data or Index Values.

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