GLOBAL - Standard & Poor's, the provider of investable equity indices, announced yesterday that it has licensed Daiwa Bank to create a portfolio for a corporate pension fund based on the S&P/TOPIX 150 equity index, marking the first usage of the index as a benchmark portfolio in Japan.
Daiwa Bank recently created the fund at the request of one of its corporate pension plan clients. The fund will track the total return of the S&P/TOPIX 150. Total return refers to the return of the...
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