TOKYO -- Nikkei Inc. will, on June 1, reshuffle the component stocks of the Nikkei Asia300 Investable Index, which gauges the performance of 300 fast-growing Asian companies.
The reshuffle is the first since the index was introduced last December. The process will be repeated every June, starting this year, Nikkei said.
The change will add 17 new issues, including CK Asset Holdings, a Hong Kong real estate company, and Indian steelmaker JSW Steel, in place of 15 outgoing constituents, including Idea Cellular, a mobile carrier in India.
Following the reshuffle, the number of component stocks in the index, 298 as of Wednesday after deletions due to delisting, will return to 300.
Detailed information about the change will be posted on the Nikkei Asia Indexes website (https://indexes.nikkei.co.jp/en/asia300).
Components are selected from listed companies in 10 Asian markets, based on factors such as market capitalization, trading value, revenue growth and percentage of shares available for trading.
Four asset managers currently operate seven investment trusts that track the Nikkei Asia300 Investable Index.