In today’s briefing:
- Having Ended Its Traditional Role, TOPIX Faces Several Challenges
Having Ended Its Traditional Role, TOPIX Faces Several Challenges
- The TSE is in a long-term battle to improve the quality of the prime market while maintaining lax listing standards that do not fit the prime market concept.
- If passive funds move to JPX Prime 150 Index, which would increase the divergence between stock prices of high quality and low quality companies, it might motivate the companies more.
- If there is little difference between performance of TOPIX and JPX Prime 150, the passive funds will be satisfied with this index, and the TOPIX engagement problem will be eliminated.
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