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STOXX Ltd., the leading provider of European equity indexes, has licensed the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil & Gas and Dow Jones STOXX 600 Utilities indexes to ETF Securities Ltd. to underlie three exchange-traded funds (ETFs). The ETFs were listed today at the Irish Stock Exchange.
“The transparent and rules based Dow Jones STOXX 600 Supersector Indexes are an ideal underlying for ETFs. Also, our sector indexes are already used as the basis for numerous financial products. They measure the performance of market segments to allow market participants to take advantage of market trends,” said Werner Bürki, chairman of the STOXX Supervisory Board.
“ETF Securities is extremely proud to add equities to its current range of asset classes using the well known brand of Dow Jones STOXX indexes," said Graham Tuckwell, chairman of ETF Securities. “The Dow Jones STOXX 600 Supersector Indexes give easy access to highly dynamic market sectors and provide market participants with exciting opportunities.”
The indexes are part of the 18 Dow Jones STOXX 600 Supersector indexes, which use the ICB-Industry Classification Benchmark to categorize companies according to their primary source of revenue.
Launched on June 15, 1998, the Dow Jones STOXX 600 Supersector Indexes aim to represent the largest European companies in each of the ICB Supersectors and currently cover Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. As of September 15, 2008, the Dow Jones STOXX 600 Basic Resources Index is up 626.61% since its inception date of December 31, 1986. For the same time period, the Dow Jones STOXX 600 Oil & Gas Index is up 417.57% and the Dow Jones STOXX 600 Utilities Index has gained 517.15%1. The index universe for all Supersector indexes are all companies that are included in the Dow Jones STOXX 600 Index. Daily historical data are available back to December 31, 19861, with a base value set at 100.
Components, weightings and performance figures for the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil & Gas and Dow Jones STOXX 600 Utilities indexes can be found at www.stoxx.com.
1 The Dow Jones STOXX 600 Supersector Indexes were first published on June 15, 1998. All estimated daily historical closing prices prior to that date are based on back-testing, i.e. calculations of how the index might have performed in the past if it had existed. Back-tested performance information is purely hypothetical and is solely for informational purposes. It does not represent actual performance, and past performance is not indicative of future results.
