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Market News

Mar. 27, 2025 TSE Change in Trading Unit and Tick Sizes for Domestic ETFs (18 issues including Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (code: 1399))

 

Tokyo Stock Exchange, Inc. (TSE) has announced that we will change the trading unit for 18 ETFs and will start trading in the new trading unit 8 of them from April 9 (Wednesday), 1 of them from April 11 (Friday), and 9 of them from April 21 (Monday), as follows. In addition, in line with the change in the trading unit, the tick size will be changed from the same day.

The table below shows the new trading unit and tick size

Effective from April 9 (Wednesday)

Code Issue Name Trading Unit after the change
(Ref. before the change)
Tick Size after the change (*)
(Ref. before the change)
1399 Listed Index Fund MSCI Japan Equity High Dividend Low Volatility 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
1490 Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) 1 unit
(Before: 10 units)
TOPIX 500
*No change
1698 Listed Index Fund Japan High Dividend (TSE Dividend Focus 100) 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
2235 Listed Index Fund US Equity (Dow Average) No Currency Hedge 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
2562 Listed Index Fund US Equity (Dow Average) Currency Hedge 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
2566 Listed Index Fund Nikkei ESG REIT 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
2568 Listed Index Fund US Equity (NASDAQ100) No Currency Hedge 1 unit
(Before: 10 units)
TOPIX 500
*No change
2569 Listed Index Fund US Equity (NASDAQ100) Currency Hedge 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)


Effective from April 11 (Friday)
Code Issue Name Trading Unit after the change
(Ref. before the change)
Tick Size after the change (*)
(Ref. before the change)
1555 Listed Index Fund Australian REIT (S&P/ASX200 A-REIT) 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)


Effective from April 21 (Monday)
Code Issue Name Trading Unit after the change
(Ref. before the change)
Tick Size after the change (*)
(Ref. before the change)
1322 Listed Index Fund China A Share (Panda) E Fund CSI300 1 unit
(Before: 10 units)
TOPIX 500
*No change
1495 Listed Index Fund Asian REIT 1 unit
(Before: 10 units)
TOPIX 500
*No change
1547 Listed Index Fund US Equity (S&P500) 1 unit
(Before: 10 units)
TOPIX 500
*No change
1554 Listed Index Fund World Equity (MSCI ACWI) ex Japan 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
1680 Listed Index Fund International Developed Countries Equity (MSCI-KOKUSAI) 1 unit
(Before: 10 units)
TOPIX 500
*No change
1681 Listed Index Fund International Emerging Countries Equity (MSCI EMERGING) 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)
2239 Listed Index Fund S&P500 Futures Leveraged Two Times 1 unit
(Before: 10 units)
TOPIX 500
*No change
2240 Listed Index Fund S&P500 Futures Inverse 1 unit
(Before: 10 units)
TOPIX 500
*No change
2521 Listed Index Fund US Equity (S&P500) Currency Hedge 1 unit
(Before: 10 units)
Non-TOPIX 500
(Before: TOPIX 500)

  • The tick size applied to TOPIX 500 constituents is called the "TOPIX 500", and the tick size applied to non-TOPIX 500 constituent stocks is called the "Non-TOPIX 500".
  • The applicable tick size may be changed based on the price level immediately prior to the effective date of the change in the trading unit. TSE will notify again in that case.
 

Enquiry

Tokyo Stock Exchange, Inc. Equities Department
TEL:Tel: +81-3-3666-0141


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