STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that it has been named “Best ETF Index Provider North America” by International Alternative Investment Review’s (IAIR) Awards on April 15th in New York. Award winners are determined from an online survey of over 50,000 readers of IAIR, as well as through a selection process administered by the global editorial staff.
“Winning the IAIR Award for Best ETF Index Provider North America is a great honor and accomplishment for STOXX. Being recognized by the readers of IAIR for our efforts to grow in the United States confirms to us that we are on the right track,” said Hartmut Graf, chief executive officer, STOXX Limited. “At the end of 2013, we launched the STOXX Global Broad Infrastructure Index, which captures the performance of the largest companies in the global infrastructure industry and applies a sophisticated screening concept in the index methodology. The index is licensed to FlexShares, managed by Northern Trust, as the basis for an ETF.”
STOXX’s most recent index innovations include the STOXX Strong Balance Sheet Indices which select stocks according to their Altman Z-Score, a quantitative measure for the financial and fundamental health of a company. The recently launched STOXX Europe Low Beta High Div 50 Index aims to select 50 companies from the STOXX Europe 600 which have a higher 12-month net dividend yield than the EURO STOXX 50 and the lowest 12-months beta to the same index, and was licensed to Deutsche Bank to be used as the basis of structured products.
There are currently 273 ETFs based on STOXX, DAX and SMI indices. As of July 2010, STOXX is the marketing agent for the indices of Deutsche Boerse AG and SIX.
For further information, please see www.stoxx.com.
