Japan Exchange, S&P Dow Jones open JPX/S&P Capex & Human Capital index

By Tali Rackner

Norfolk, Va., April 27 – The Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. and S&P Dow Jones Indices LLC introduced the JPX/S&P Capex & Human Capital index, according to a press release.

The cobranded stock index is designed to measure performance of leading Japanese companies that are actively involved in capital expenditure and investments in human capital, the release said.

Capital expenditures efficiency and growth are captured through a quantitative measure based on published numbers in public filings, while the human capital metric is captured through scoring available from RobecoSAM.

“We are proud to introduce the JPX/S&P Capex & Human Capital index by leveraging yet again S&P DJI’s expertise in index development and governance,” Tokyo Stock Exchange president Koichiro Miyahara said in the release.

“I’m confident that this new index will be recognized widely as the underlying based upon which investment products can be developed.”

New York-based S&P Dow Jones Indices is part of McGraw Hill Financial.

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