Singapore Exchange to manage Nikkei Asia300 Index, related indices

The collaboration builds on SGX’s longstanding partnership with Nikkei.

The local bourse reinforces its reputation as a world-class stock exchange as it announced a collaboration with Nikkei that will see its SGX Index Edge developing and managing the Nikkei Asia300 Index.

According to a press release by Singapore Exchange, the Asia300 is Nikkei’s exclusive list of Asia’s biggest and fastest-growing companies from 11 markets.

“There are currently 325 companies, including 120 from ASEAN, which have been picked by Nikkei based on market capitalization and adjusted for growth potential and geographic balance, providing its readers with a broad view of the market performance of leading Asian plays,” the release noted.

According to Loh Boon Chye, CEO of SGX, by converting the list of securities into an index portfolio, investors will be able to track and benchmark against Asia’s leading companies and gain better insights into the performance of the portfolio.

“The Asia300 collaboration builds on SGX’s long-standing partnership with Nikkei, which includes the SGX Nikkei 225 Index futures, a contract that has been active for 30 years since inception,” the press release added.