The biggest event of the last month was the unexpected reshuffle of the Nikkei 225, forcing ¥2.3 tri...
The biggest event of the last month was the unexpected reshuffle of the Nikkei 225, forcing ¥2.3 trillion (£13.5bn) of index and arbitrage funds to change their portfolios in the run up to the Easter weekend. Thirty new companies entered the index, mainly well known names like NTT DoCoMo, Tokyo Electron, Seven-Eleven, replacing a group of less well recognised, mainly industrial companies such as Shimura Kako and Mitsui Mining. The additions represented 42% of the new Nikkei 225, whereas the deleted only accounted for 4%. This resulted in some erratic moves, as deleted companies' share pri...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes