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Lyxor and Tokyo Stock Exchange launch first Topix ETF in Hong Kong

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Lyxor International Asset Management, a wholly-owned subsidiary of Société Générale, and the Tokyo Stock Exchange have announced the listing of the Lyxor ETF Ja

Lyxor International Asset Management, a wholly-owned subsidiary of Société Générale, and the Tokyo Stock Exchange have announced the listing of the Lyxor ETF Japan (Topix) on the Hong Kong Stock Exchange, the first exchange-traded fund in Hong Kong to be based on the Tokyo Stock Price Index.

The Topix is a free-float adjusted market capitalisation-weighted index composed of 1,724 companies listed on the first section of Tokyo Stock Exchange, which argues that it offers a broader range of Japanese stocks than other major indices ands is a reliable indicator of movements in the Japanese market.

The Lyxor ETF Japan (Topix) aims to achieve a performance that corresponds closely to the underlying index. ‘The Topix index is widely used as a key benchmark by institutional investors throughout the world for measuring the performance of the Japanese economy,’ says Joseph Ho, head of ETF sales and marketing for Asia outside Japan at Société Générale, who is responsible for the Lyxor ETF platform across the region.

‘We are very pleased to make available the Japan Topix ETF to investors in Hong Kong to enable them to access one of the world’s most important equity markets with ease, convenience and cost-efficiency.’

Tokyo Stock Exchange senior executive officer Tomoyoshi Uranishi adds: ‘The TSE is delighted with the listing of this exchange-traded fund on the Hong Kong Stock Exchange. This ETF increases the number of tools for investing in Japanese stocks at the disposal of Hong Kong investors.’

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