In today’s briefing:
- New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors
New Index Distracts from Prime Market Issues While Providing Long/Short Opportunities for Investors
- TSE may be trying to dodge criticism that prime market, which includes many illiquid companies, has large gap with the concept of a “market that global investors can invest in.”
- JPX Prime 150 Index is expected to solve the problem of TOPIX buying up companies of low quality and not engaging with companies due to the large number of components.
- Neither index is expected to differ much in performance since they are both market capitalization-weighted indices, but the difference in component stocks compared to TOPIX will provide investment opportunities.
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