SMBC, Toshiba jointly develop quantum-driven Japan, US equity indices

• Toshiba partnered with Sumitomo Mitsui Banking to develop two quantum-driven equity indices covering Japan and the US.
• The indices select constituents quarterly using Toshiba’s Simulated Bifurcation Machine to build portfolios aimed at lower cross-stock correlation during volatile markets.
• Weightings are set using historical price volatility, with index calculation starting from an end-2015 base date.
• SMBC designed the index methodology, while Toshiba will run the optimization system, maintain it, and execute the quarterly rebalancing calculations.
• S&P Dow Jones Indices will calculate and distribute the indices daily, as SMBC and Toshiba begin talks with asset managers on index funds and ETFs tied to the benchmarks.

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