Russell Investment Group
Nomura Securities Co., Ltd.
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Russell Investment Group Nomura Securities Co., Ltd. |
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Date : June 28, 2006 | ||||||||||||
Russell/Nomura Japan Indexes to calculate returns in U.S. dollars | ||||||||||||
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TACOMA, Wash.EThe family of Russell/Nomura Japan Indexes will be calculated in U.S. dollars, in addition to the current calculation in yen, according to plans announced today by Russell Investment Group and the Financial & Economic Research Center of Nomura Securities Co., Ltd. Beginning in July, 2006 investors will have access to daily performance calculations of index returns, with and without dividends, based on the U.S. dollar. These new calculations will offer investors in the United States and other nations a set of objective tools to better track and understand the Japanese equity market,Esaid Ron Bundy, director, Russell indexes. We want to make it easier for investors to track their investments in this dynamic market.E/p> Russell/Nomura Japan indexes are representative indexes for the Japanese equity market and are utilized by many investors, such as plan sponsors and mutual fund managers, along with its style index series. We are pleased to release index returns in U.S. dollars that will give investors outside Japan broad access to the Japanese market,Esaid Yasuyuki Kato, Senior Managing Director, Head of Global Quantitative Research, Financial & Economic Research Center of Nomura Securities. The dollar-based indexes will be calculated by multiplying the index value in Japanese yen by the exchange rate of the base date for each index and dividing by the exchange rate of the calculation date. The indexes will be calculated with the official mid-rate published by the Bank of Japan at the daily close of business. In 1995, Russell and Nomura Securities jointly developed a family of Japan equity indexes, the Russell/Nomura Japan Indexes, which were the first Japan equity indexes to provide both style indexes and free-float adjustment, and today are used by a broad range of investors. Two new indexes, the Russell/Nomura Small Cap Core Index and the Russell/Nomura Micro Cap Index, were launched this month to further segment the market for investors. More than 2.6 trillion yen in passively managed assets are now benchmarked against the Russell/Nomura Prime Index, which consists of the 1,000 largest stocks in the Japanese market based on float-adjusted market capitalization. The dollar-based daily returns will be posted up as of July 7th data. Please go to http://qr.nomuraholdings.com/en/frcnri/index.html About Russell/Nomura Japan Equity Indexes: In 1995, Russell Investment Group and Nomura Securities Co., Ltd. jointly developed Russell/Nomura Japan Equity Indexes that serve to measure performance based on various investment policies. The indexes are value weighted and include only common stocks domiciled in Japan. All indexes are subsets of the Russell/Nomura Total MarketTM Index, which represents approximately 98% of the investable Japan equity market. Russell/Nomura Prime was additionally developed in 2004 to be a benchmark for passive investment strategies. About Nomura: Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, 134 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Groups business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at http://www.nomura.com/ About Russell: Russell Investment Group, a global leader in multi-manager investing, provides investment products and services in more than 44 countries. Russell manages more than $167 billion in assets and advises clients worldwide representing more than $2.4 trillion. More than $3.8 trillion in assets are benchmarked to Russells family of U.S. indexes Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Sydney, Singapore, Auckland and Tokyo. More information about the indexes can be found on Russells web site at http://www.russell.com/ ### Russell Investment Group is a registered trade name of Frank Russell Company, a Washington, USA corporation, which operates through subsidiaries worldwide. Frank Russell Company is a subsidiary of The Northwestern Mutual Life Insurance Company. RC#xxxx Contact:
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