Nissay Asset Management Launches Nissay S US Growth Stock Mega 10 Index Fund Tracking the Solactive US Growth Mega 10 Select Index
Solactive is pleased to announce its collaboration with Nissay Asset Management on the launch of the Nissay S US Growth Stock Mega 10 Index Fund, a mutual fund available in Japan that tracks the Solactive US Growth Mega 10 Select Index. This index is designed to represent the performance of U.S. growth leading companies that have played a pivotal role in driving U.S. equity market performance in recent years. These firms are at the core of major structural trends such as artificial intelligence, cloud computing, biotechnology, and digital transformation.
In recent years, the U.S. equity market has been shaped by a concentrated group of high-performing companies with strong profitability, global influence, and sustained earnings growth. As inflationary pressure ease and technological advancement accelerate, these firms continue to serve as structural pillars of the global equity landscape. The product aims to offer transparent exposure to this influential segment of the U.S. market.
The Solactive US Growth Mega 10 Select Index comprises the top ten U.S. mega-cap growth stocks from the broader equity universe based on free-float market capitalization and growth characteristics. Each constituent is equally weighted, ensuring balanced representation and mitigating concentration risk. The index is reviewed and rebalanced quarterly to remain consistent with its selection criteria and responsive to market developments. The rules-based design ensures transparency and replicability.
The Nissay S US Growth Stock Mega 10 Index Fund will be launched on the 4th of November in Japan.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are delighted to collaborate once again with Nissay Asset Management on this product, exemplifying U.S. growth leadership. We deeply appreciate Nissay Asset Management’s continued trust and support and truly value the strong, long-standing partnership we have established.”
Nissay Asset Management commented: “We are delighted to announce our collaboration with Solactive, which allows us the opportunity to launch the fifth 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.”