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Dow Jones Euro Stoxx 50 Index licensed to underlie exchange-traded fund

STOXX Limited, announced that the Dow Jones EURO STOXX 50 Index has been licensed to..

 

 

Credit Suisse AG to serve as the basis for an exchange-traded fund. The Xmtch (IE) on Dow Jones EURO STOXX 50 will be available at SIX Swiss Exchange today.

“The Dow Jones EURO STOXX 50 Index is Europe’s most favored equity index because it avoids currency risk by only including euro zone countries. This, as well as its liquidity, transparency and rules based methodology makes the index an ideal tool to participate in the performance of the 50 biggest companies in the euro zone,” said Hartmut Graf, chief executive officer, STOXX Ltd.

The Dow Jones EURO STOXX 50 Index was launched on February 28, 1998. It represents 50 supersector leaders in the 12 euro zone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain.

The Dow Jones EURO STOXX 50 Index is weighted by float-adjusted market capitalization, and each component’s weight is capped at 10% of the index’s total free-float market capitalization. The index captures approximately 60% of the free-float market capitalization of the Dow Jones EURO STOXX TMI Index. Daily historical data are available back to December 31, 1986.

Source: ETFWorld – STOXX Limited

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