SGX Index Edge to calculate Nikkei Asia300 series

Singapore Exchange (SGX) and Nikkei Inc. (Nikkei) today announced a collaboration that will see SGX Index Edge developing and managing the headline Nikkei Asia300 Index and related indices.

The Asia300 is Nikkei’s exclusive list of Asia’s biggest and fastest-growing companies from 11 markets. There are currently 325 companies, including 120 from ASEAN, which have been picked by Nikkei based on market capitalization and adjusted for growth potential and geographic balance, providing its readers with a broad view of the market performance of leading Asian plays.

SGX Index Edge will utilise its index-calculation expertise to develop and manage a series of indices for the Asia300, which will measure the performance of Asia’s most influential companies. In addition to an overall index, SGX Index Edge will also create sub-indices focused on individual markets comprising China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, as well as the ASEAN region.

Loh Boon Chye, Chief Executive Officer at SGX, and Naotoshi Okada, President and Chief Executive Officer at Nikkei, signed the collaboration at a ceremony in Singapore.

Loh Boon Chye said, “We are pleased to be selected by Nikkei to develop the Asia300 indices, and look forward to further strengthening our partnership. By converting the list of securities into an index portfolio, investors will be able to track and benchmark against Asia’s leading companies and gain better insights into the performance of the portfolio.’’

Naotoshi Okada said, “We believe the Nikkei Asia300 Index will demonstrate the power of Asia as the epicenter of global growth. Nikkei will continue to be proactive in making information on dynamic Asian companies available around the globe.”

The Asia300 collaboration builds on SGX’s long-standing partnership with Nikkei, which includes the SGX Nikkei 225 Index futures, a contract that has been active for 30 years since inception.