Russell/Nomura Opts To Calculate Its Returns In US Dollars

The family of Russell Nomura Japan Indices will be calculated in U.S. dollars, the firm says, adding to its current calculation in yen. According to plans announced by Russell Investment Group and the Financial & Economic Research Center of Nomura

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The family of Russell/Nomura Japan Indices will be calculated in U.S. dollars, the firm says, adding to its current calculation in yen.

According to plans announced by Russell Investment Group and the Financial & Economic Research Center of Nomura Securities Wednesday, beginning in July, 2006 investors will have access to daily performance calculations of index returns, with and without dividends, based on the U.S. dollar.

The firms say the new calculations will improve access to Japanese markets.

With more than 2.6 trillion yen in passively managed assets benchmarked against the Russell/Nomura Prime Index, the index includes 1,000 of some of the largest stocks in the Japanese marketplace as based on float-adjusted market capitalization.

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