NEXT FUNDS MSCI Global Climate 500 Japan Selection Index Exchange Traded Fund [294A.T]
TOKYO, Apr 28 (Pulse News Wire) – Nomura Asset Management Co., Ltd. (294A.T), led by CEO and President Takashi Ooka, announced changes to the construction method of the benchmark index linked to its NEXT FUNDS MSCI Japan Climate Change Index (Select) ETF (294A).
Effective June 1, 2026, MSCI will alter the naming and methodology of the underlying index, known as the MSCI ACWI Select Climate 500 Index, to the MSCI ACWI Select 500 Index. This change will be reflected during the rebalancing process scheduled for May 29, 2026. Key modifications include: 1. Exclusion criteria for companies rated “0” on the MSCI ESG Controversy Score, which evaluates potential negative impacts on environment, society, and governance on a scale of 0 to 10, with “0” indicating severe issues. 2. Removal of firms involved in non-humanitarian weapons and nuclear weapon businesses from NATO member states, IP4 countries, and Suisse Igai.
3. Elimination of companies associated with general coal mining and coal-fired power generation without SBTi (Science-Based Targets Initiative) certified emission reduction targets. 4. Removal of tobacco-related businesses. Additionally, the greenhouse gas reduction requirements per enterprise value annually will shift from a year-over-year decrease of 7% to a year-over-year decrease of 6%. The sales-to-greenhouse gas reduction ratio requirement will be removed entirely.
The firm emphasized that the overall structure and universe index's Japanese stock component remain unchanged.
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