BARRA and Nikko Securities to Develop Japanese Equity Style Indexes.BERKELEY, Calif.--(BUSINESS WIRE)--June 17, 1996--BARRA, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BARZ), a leading provider of portfolio analytics, and Nikko Securities, a leading securities company in Japan, today announced an agreement to develop the "BARRA/Nikko Japanese Style Indexes." Updated both daily and monthly dating back to 1980, the indexes will cover stocks from all Japanese stock exchanges including Tokyo, Osaka, Nagoya and other regional exchanges in addition to the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). . Both BARRA BARRA Bangladesh Rural Reconstruction Association and Nikko have been jointly researching the indexes and are planning to release them before the end of September 1996. "Developed in response to Japanese pension plan sponsors' need to have effective risk control, these indexes will aid in understanding fund management risk and style," said Yoshio Mizoroki, president of BARRA International (Japan), Ltd. Provided primarily through the BARRA/Nikko Japanese Equity Model, a standard model for Japanese equities, the indexes will assist in portfolio construction, risk analysis and performance evaluation Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return . The indexes will include subsets of the market organized around capitalization and value/growth styles. In addition, BARRA offers the S&P 500/BARRA Growth and Value indexes and the S&P Midcap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400/BARRA Growth and Value indexes. In Canada, BARRA Canadian SmallCap 300 Growth and Value indexes are also available. BARRA, founded in 1975, provides innovative analytical models, software and services that enable its more than 900 clients worldwide to make superior investment and trading decisions. BARRA's software and services analyze equity, fixed income, currency and other financial markets, and their models are the worldwide standard for communicating portfolio characteristics. Based in Berkeley, Calif., BARRA also has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Montreal, London, Frankfurt, Paris, Yokohama, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Sydney. Information on BARRA is also available on-line at http://www.barra.com. CONTACT: BARRA International (Japan), Ltd. Yoshio Mizoroki, 045.451.6161 or Jennifer Hinchman, 510/649-4548 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion