Dow Jones Indexes, a leading global index provider, today announced the launch of two European blue-chip stock indexes, marking the first in a series of new geographically specific products that underscore the firm’s commitment to Europe.
The Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index measure leading companies within each region. Because the new indexes are diversified, easy to replicate and contain well-established, blue-chip names, they are well-suited for licensing as the basis of investment products such as ETFs, structured products and exchange-traded derivatives.
On a related note, the Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index both have been recently licensed to UniCredit, the pan-European financial institution, to serve as a basis for structured products to be issued today. UniCredit announced that open end certificates on each new index would be offered in Germany under "HypoVereinsbank onemarkets", as well as in Austria under "UniCredit onemarkets".
The Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index both measure the performance of leading stocks that trade in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. In addition to the aforementioned nations, the Dow Jones Europe Titans 80 Index also represents Denmark, Iceland, Norway, Sweden, Switzerland and the U.K.
“With a wealth of opportunities spread across the continent, Europe represents a critical component of Dow Jones Indexes’ strategic business plan and for our future,” said Michael A. Petronella, President, Dow Jones Indexes. “These new indexes signal an important step for us as we plan to roll-out more Europe-focused indexes that will provide investors with a more complete and diversified offering.”