The first three indexes will serve—for the first time—as underlying for exchange-traded funds and are the latest index developments representing new investment trends, with the Dow Jones STOXX and Dow Jones EURO STOXX Select Dividend 30 Index launch scheduled for April 2005.
The Dow Jones STOXX EU Enlarged 15 Index is a blue-chip index and measures the 15 largest and most liquid stocks in the 10 new European Union countries. The Dow Jones STOXX Select Dividend 30 Index and the Dow Jones EURO STOXX Select Dividend 30 Index will track high-dividend-paying stocks in Europe and the Eurozone, respectively.
”Licensing these index innovations will give investors access to the latest investment strategies and trends,” said Lars Hamich, managing director, STOXX Ltd. “Selecting and weighting the components in the Dow Jones STOXX and Dow Jones EURO STOXX Select Dividend 30 Indexes by dividend yield instead of market capitalization is unique. These indexes are a pure dividend instrument and therefore an ideal tool for investors to track and participate in the performance of high-dividend-yielding companies across Europe and the Eurozone.”
STOXX Ltd. recently licensed to Indexchange the Dow Jones STOXX 600 Index, the Dow Jones STOXX Large 200 Index, the Dow Jones STOXX Mid 200 Index and the Dow Jones STOXX Small 200 Index to be used as underlying for exchange-traded funds. These exchange-traded funds were launched today at Deutsche Börse in Frankfurt.
