WORD OF THE DAY: SEVERANCE - a term used to refer to settlement received after being released from a corporation. In terms of corporate governance, it is an arrangement that assures high-level executives of their postions or some ... More
1. ) refers to the price-weighted index of 225 large capitalizationstocks on the Tokyo StockExchange. This is the Japanese equivalent of the Dow Jones Industrial Average. It was called the Nikkei Dow Jones StockAverage until 1985. Like the Dow, it is composed of representative blue chips and moves on price, not market capitalization.
Fund Letters
