New Indices and Other Initiatives
In Europe, the NYSE Euronext’s Global Index Group added seven new indices. These new indices included the NYSE Alternext OSEO Innovation Index®, which covers French small cap companies which have been identified as innovative. Several new indices were also introduced that support trading strategies around the main proprietary indices, CAC 40® Index; leverage and short offering three, four and five times exposure.
The Global Index Group continued to harmonize its European index offering, in which the AEX-Index® was converted from a fixed divisor basket index to a floating divisor portfolio index. Additionally, corporate action rules were further harmonized removing inconsistencies among the country indices. As of December, both net and gross total return index levels are available for the European country indices.
In the
At the end of 2010, the total number of warrant & certificate products and Exchange Traded Funds (ETFs) linked to NYSE Euronext’s European Indices increased 38% and 18%, respectively. New issuers of ETFs launched on the Global Index Group European Indices included ComStage with ETFs based on the CAC 40® and PSI 20® and ESAF® on the NYSE Euronext Iberian Index®.
NYSE LIFFE options and futures products on NYSE Euronext’s European Indices also posted strong results, with the average daily volume for options and futures on the AEX, CAC 40 and PSI 20 increasing by 6% in 2010.
In the U.S., ETFs tied to NYSE and NYSE Arca branded indices reached over $470 million in assets under management during 2010. NYSE Amex option trading based on the NYSE Arca indices grew 524% in 2010, largely in part from the increase in activity surrounding the NYSE Arca Mini-Oil Index™, which is 1/20 the value of the NYSE Arca Oil Index™ (XOI).
Highlights of Index Performance
The index performance for Euronext’s blue-chips indices was mixed, following last year’s recovery. The CAC 40 lost 3.34% in 2010, while the CAC Next 20 returned 28.25%.
The NYSE Composite Index® gained 10.84% while the NYSE Amex Composite Index® was up 21.01%. The NYSE Arca Junior Gold BUGS™ and NYSE Arca Gold Miners Index™ returned 57.82% and 33.94% respectively. The NYSE Arca Pharmaceutical Index™ was the only NYSE Arca index to have a negative return in 2010, losing only 1.03%.
The Intellidex and Strataquant index families had a positive year, averaging 22.46% and 22.27% respectively across the entire index family.
New Capabilities
As a leading calculation and publication service for sophisticated new index strategies, the NYSE Euronext U.S. Global Index Group added new innovative services that objectively and accurately measure the performances of the global markets. In 2010, NYSE Euronext U.S. Global Index Group launched two new services: the new index calculation system and the Global Index Service Feed (GIF).
The new index calculation system leverages NYSE Euronext’s premier technology teams, internally sourced market data and Thomson Reuters market data to provide customers with expanded coverage of international equities, futures, commodities, fixed income and U.S. Treasuries.
NYSE Euronext Global Index Service Feed – The Global Index Feed or “GIF” enables NYSE Euronext to publish an expanded array of index and ETF related data. Additional capabilities allow for dissemination of proprietary indices and non-NYSE Euronext branded indices, index/portfolio values for listed and non-listed products, increased publication frequency with sub-second calculation publication where warranted. Subscribers can connect directly to the feed and can contact the Global Data Products Group for more information.
The full report can be retrieved using this link or http://www.euronext.com/fic/000/061/715/617157.pdf
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Background on NYSE Euronext’s Global Index Group:
With a collective portfolio of over 500 benchmark indices, NYSE Euronext is a leading provider of indices. NYSE Euronext develops proprietary indices to provide investors and issuers with benchmarks that measure performance of key segments of the world economy. NYSE Euronext indices are available to be licensed as the basis for tradable products, including Exchange-Traded Funds (ETFs). For more information on NYSE Euronext index services please visit: http://www.nyse.com/indices
NYSE Euronext®, AEX®, AMX®, AScX®, BEL®, BEL 20®, BEL Mid®, BEL Small®, CAC®, CAC 40®, CAC Next 20®, CAC Mid 100®, CAC Small 90®, SBF®, SBF 120®, SBF 250®, PSI 20®, Euronext FAS IAS Index®, Euronext IEIF SIIC France Index®, NYSE Euronext Iberian Index®, Euronext IEIF REIT Europe Index®, Low Carbon 100 Europe Index®, NYSE ALTERNEXT OSEO Innovation Index®, Alternext®, NYSE®, NYSEArca®, NSYE Amex®, Intellidex® and StrataQuant® are registered trademarks of NYSE Group, Inc, Euronext N.V. or its subsidiaries.