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STOXX Ltd., the leading European index provider, today announced that it has licensed its blue-chip index, the Dow Jones EURO STOXX 50, to BBVA to serve as the underlying for an exchange-traded fund (ETF). It is the first time that a non-Spanish index will serve as the basis for an ETF in Spain. BBVA is expected to launch its ETF today.
The Dow Jones EURO STOXX 50 Index was launched as the first pan-European blue-chip index covering the Eurozone in 1998, two years ahead of the introduction of the Euro in 2000. It measures the 50 Supersector leaders of the 12 European countries that use the Euro as currency. Today, the Dow Jones EURO STOXX 50 Index is the most successful and the most extensively used regional blue-chip index for index-related financial products in Europe with a wide distribution both on and off exchange. The very first ETF in Europe was launched on this index in April 2000 in Germany.
”Licensing the Dow Jones EURO STOXX 50 Index to BBVA as the underlying for an ETF in Spain continues the success story of this popular index. Investors in Spain are now able to directly invest in the largest 50 sector leaders from the Eurozone through a product listed on the Madrid Stock Exchange,” said Lars Hamich, managing director, STOXX Ltd.
Year to date, the Dow Jones EURO STOXX 50 is up 11.06%. The index is reviewed annually in September.
