Tokyo Stock Exchange To Begin Calculating And Publishing Currency Hedged Indices With Daily Hedging

10/09/2012

The Tokyo Stock Exchange has been calculating and publishing the TOPIX Total Return Euro Hedged Index since January 2011 to satisfy market demand for TOPIX index values hedged in Euros, and will now begin calculating and publishing a version of the same index with daily currency hedging.

The TOPIX Total Return Euro Hedged Index is calculated by hedging beginning-of-period balances using rolling one-month EUR-JPY currency forward contracts. The forward contract amount is rebalanced monthly in the TOPIX Total Return Euro Hedged Index, but will be rebalanced daily in the TOPIX Total Return Euro Daily Hedged Index. Both indexes use a hedge ratio of 100%, and calculation is based on a methodology developed by S&P Dow Jones Indices.

[Overview of the TOPIX Total Return Euro Daily Hedged Index]

Name of Index TOPIX Total Return Euro Daily Hedged Index
Index Calculation Please see the Tokyo Stock Exchange Currency Hedged Index Guidebook for details:
Calculation Method
Base Date / Base Value Wednesday , August 31, 2005 / 1,463.56 points
Publication of the index Daily closing price is published on TSE website
Index Data
as well as via Thomson Reuters (Code: .TOPIXTHE) and Bloomberg (Ticker: TOPIXTHE ).
Historical index data Calculated from September 1, 2005<br>(Historical data will be available for a fee. Please contact Information Services Dept. <br>( +81-50-3377-7754 , <a href="http://www.tse.or.jp/english/news/17/historical@tse.or.jp"><span style="color: rgb(0, 102, 204);">historical@tse.or.jp</span></a>) for more details.