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Stocks

Trio of indexes based on JPX-Nikkei 400 to launch in August

TOKYO -- Nikkei Inc., Japan Exchange Group and the Tokyo Stock Exchange said Friday that they will start three new indexes based on the JPX-Nikkei Index 400.

     The JPX-Nikkei 400 was created in January 2014. It is made up of companies that meet certain investor-pleasing criteria, such as efficient use of capital. The new trio, to launch Aug. 3, will provide benchmarks for various types of investment strategies, such as leveraging or hedging, the companies said.

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