IG Securities, the Japanese subsidiary of electronic trading major IG Group, is adding stocks related to the FTSE Taiwan RIC Capped Index.

The new offering aims to replace the instruments related to TAIEX, which IG Japan ceased offering in December 2023.

The new instruments will be introduced from Tuesday, February 13, 2024.

The FTSE Taiwan RIC Capped Index represents the performance of Taiwan large and mid capitalization stocks. Securities are weighted based on their free float-adjusted market capitalization and reviewed semi-annually. To limit concentration in any single security, constituents are capped quarterly so that no more than 20% of the index’s weight may be allocated to a single constituent and the sum of the weights of all constituents representing more than 4.5% of the index should not exceed 48% of the total index weight.

The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 99% of the world’s investable market capitalisation.