JOFX to Launch J-Market Index

Online, June 22, 2011 (Newswire.com) - Japan Options and Futures Exchange (JOFX) Indexes, a leading Japanese index provider, today announced it will expand its JOFX Market Indexes series by launching the J-Market Index, which measures the performance of financial services that pass rules-based screens for JOFX compliance.
The index, designed to provide broader coverage of the JOFX-compliant financial services sector, will serve as a benchmark and an underlying instrument for investment products such as mutual funds and exchange-traded funds (ETFs).
"The JOFX Market Indexes is a unique series that combines faith-based principles and benchmarking," said Yutaka Natsuki, president, JOFX Indexes. "Our index family was one of the first to market and has clearly set the standards of indexing around Asia. And, once again, with the launch of the J-Market Index, we are providing the market with the first benchmark of its kind for these combined sectors. "Eligible companies are banks, insurance and financial services companies. Included in the index are those derivatives that pass financial ratio screens.
JOFX Indexes was one of the pioneers in Asian indexes, launching the first JOFX-compliant indexes in the '90. With hundreds of indexes, the series is the most comprehensive family of Asian market measures with regional, country, and industry indexes, all of which are subsets of the JOFX J-Market Index.