S&P/TOPIX 150 represents the large cap universe for Japan. It includes 150 highly liquid securities from each major sector of the Japanese market. This index is designed specifically to give portfolio managers and derivatives traders an index that is broad enough to provide representation of the market, but narrow enough to ensure liquidity. S&P/TOPIX 150 is a core component of the Japanese indices that could be used as building blocks for portfolio construction. It is also the Japan component of S&P Global 1200.
Index constituents exhibit the following characteristics:
Market Coverage – 70% of Japan's equities market
Weighting – Market capitalization
Public Float – Adjusted for available shares
Index Governance and Policy
This index is maintained by Index Committees, whose members include Standard & Poor's economists and index analysts as well as representatives of affiliated regional exchanges. They follow a set of published guidelines and policies that provide the transparent methodologies used to maintain the indices.
Standard & Poor's and MSCI Barra, two leading providers of global indices, jointly launched the GICS structure in 1999. The Global Industry Classification Standard was developed to meet the global financial community's need for one complete, consistent set of global sector
and industry definitions.
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