Nippon Life Asset Management Launches New Mutual Fund Tracking the Solactive Japan Super Large Cap High Dividend 10 Index

FRANKFURT AM MAIN – Solactive is delighted to further strengthen its collaboration with Nippon Life Asset Management with the launch of Nissay S Japan Super Large Cap High Dividend 10 Index Fund (Quarterly settlement type), a new mutual fund tracking the Solactive Japan Super Large Cap High Dividend 10 Index. The index provides focused exposure to ten profitable, highly liquid, large-cap Japanese companies selected based on dividend yield, against a backdrop of continued focus on shareholder returns and capital efficiency in Japan.

The Solactive Japan Super Large Cap High Dividend 10 Index draws from the Solactive GBS Japan All Cap Index and selects companies that have reported positive net income in each of the last three fiscal years. The methodology applies liquidity and size screens before selecting ten companies based on dividend yield. Constituents are equally weighted at the regular selection, while additional quarterly reviews monitor whether constituents have failed to make expected dividend payments and replace affected securities in accordance with the index methodology.

The Nissay S Japan Super Large Cap High Dividend 10 Index Fund (Quarterly settlement type) was launched on the 6th of October in Japan.

Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “This index brings a focused approach to dividend investing in Japan, combining an emphasis on established large-cap companies with a concentrated ten-stock portfolio. We are very pleased to continue our collaboration with Nippon Life Asset Management and to support them with a solution designed for the Japanese market.”

Nippon Life Asset Management commented: “We are delighted to announce our collaboration with Solactive, which allows us the opportunity to launch the sixth Nissay-S series index fund in Japan. We firmly believe that this particular fund will prove beneficial as an integral part of investors' portfolio construction. Moving forward, we maintain our dedication towards the development of products that strongly support individual investors' wealth creation.”