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  7. Selection Criteria for RN Prime

RN Prime Index Futures

Selection Criteria for RN Prime

  • Largest stocks in terms of free-float adjusted market capitalization In regular reconfigurations, the Russell/Nomura Prime Index consists of the 1,000 largest stocks in terms of the float-adjusted market capitalization of the Russell/Nomura Total Market Index (RN Prime mother index), which covers more than 98% of the stocks listed on all markets in Japan.
  • Negative list (exclusion of low liquidity stocks) restricts the inclusion of stocks with exceptionally low liquidity.
  • Banding method (900-1,100 rule) limits frequent replacement of stocks owing to minor changes in market capitalization.

Regular reconfigurations

  • Indexes are reconfigured once a year on the first business day in December.

For more details concerning RN Prime, please refer to “The Index Rule Book” on the website of Nomura Securities Co., Ltd.icon-block