STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX® MUTB Asia/Pacific Quality Dividend 100 has been licensed to Yuanta Securities Investment Trust Company in Taiwan to be used for a passive index fund.
This latest index solution represents the sixth such concept co-developed together with Mitsubishi UFJ Trust and Banking Corp. (MUTB), the leading Japanese trust bank. Yuanta and MUTB entered into a memorandum of understanding with STOXX in July 2016, to expand the smart-beta footprint in Taiwan.
We are delighted to deepen our relationship with Yuanta and MUTB while strengthening our commitment to Asia. Together with these strong partners, we can take another step forward in leveraging our smart-beta expertise and network in Asia,” said Matteo Andreetto, chief executive officer, STOXX Limited. “This is the first Asia Pacific smart beta index solution in Taiwan, following the research of the local market needs with our two partners.
Yuanta Funds is the largest fund company in Taiwan, providing investors with an unmatched range of products,” said Julian Liu, CEO and President of Yuanta Securities Investment Trust Company. “Licensing the iSTOXX MUTB Asia/Pacific Quality Dividend 100 index is in line with our holistic approach in offering ETFs that meet investors’ needs and provide more smart-beta solutions to the market. Yuanta has always been the pioneer in providing innovative investment solutions for Taiwan’s investors.
This collaboration is a significant step in our global index business,” said Sunao Yokokawa, managing executive officer, Mitsubishi UFJ Trust and Banking Corp. “MUTB will contribute to the expansion of the smart-beta market in Taiwan, with our strong expertise in the investment management. In the future, we will develop further smart-beta strategies together with STOXX.
The iSTOXX MUTB Asia/Pacific Quality Dividend 100 index selects 100 stocks from the STOXX Asia/Pacific 600 Index that comply with dividend quality, fundamental and price stability criteria. When selecting additions to the index during the periodical rebalancing, priority is given to high dividend yielding stocks. The component selection is conducted on a semi-annually basis in June and December.