ZURICH, Switzerland, Jan. 27, 2010 (GLOBE NEWSWIRE) -- STOXX Limited, the leading provider of European equity indices, today 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.
For more information on the Dow Jones EURO STOXX 50 Index please visit www.stoxx.com.
Journalists may e-mail questions regarding this press release to andrea.weidemann@stoxx.com
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About STOXX Limited
STOXX Ltd. is a joint venture between Deutsche Boerse Group and SIX Swiss Exchange. Launched in 1998, in advance of the completion of the European Economic and Monetary Union, the introduction of the Euro and the creation of the Eurozone, the Dow Jones STOXX indices have become Europe's leading indices. Best known for the flagship indices Dow Jones EURO STOXX 50, Dow Jones STOXX 50 and Dow Jones STOXX 600, STOXX Ltd. operates as a global index provider, covering the world markets.
Currently, STOXX Ltd. calculates and publishes a global index family of over 2,500 strictly rules-based and transparent indices. These are licensed to over 400 companies around the world as underlyings for Exchange Traded Funds (ETFs), Futures & Options, Structured Products and passively-managed investment funds. Three of the top Exchange Traded Funds (ETFs) in Europe and 30 percent of all assets under management are based on Dow Jones STOXX indices. STOXX Ltd. holds Europe's number one and the world's number three position in the derivatives segment. www.stoxx.com
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