Monex Group to be added to “JPX-Nikkei Index 400”
Provider of online trading services Monex Group, Inc (TYO:8698) announces that starting August 31, 2022, it will be incorporated into the “JPX-Nikkei Index 400” and “JPX-Nikkei Mid and Small Cap Index”. These are stock price indices calculated jointly by JPX Research Institute and Nihon Keizai Shimbun, Inc.
The JPX-Nikkei Index 400 is composed of companies with high appeal for investors, which meet requirements of global investment standards, such as efficient use of capital and investor-focused management perspectives. The JPX-Nikkei Mid and Small Cap Index is comprised of companies with middle and small market capitalization that are selected based on the same concept as JPX-Nikkei Index 400 and appealing to shareholders and aim at sustainably increasing corporate value.
Last month, Monex announced that it was selected for the first time as a component of the “MSCI Japan ESG Select Leaders Index,” the “MSCI Japan Equity Women’s Activity Index (WIN),” the “S&P/JPX Carbon Efficient Index,” and the “FTSE Blossom Japan Sector Relative Index,” investment benchmark adopted by the General Pension Investment Fund (“GPIF”.)
The company expects that the selection in the JPX-Nikkei Index 400, a leading stock price index, and the inclusion in the four ESG indices will contribute to the stabilization of the company’s stock price.