A new smart beta equity index exchange traded fund – The BNP Paribas Easy iSTOXX MUTB Japan Quality 150 UCITS ETF – is now trading on Xetra and Börse Frankfurt.
The ETF enables investors to participate in the performance of the iSTOXX MUTB Japan Quality 150 Index.
Companies are selected for the index based on a model that assesses them using certain key financials.
The 150 Japanese companies selected have high earnings potential, low debt, sustainable cash flow and economic stability. The highest weighting of a single index component is 2 per cent.