STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 and the DAX have been licensed to iShares, to serve as the underlying for two exchange-traded funds (ETFs) in Hong Kong. iShares are a family of exchange traded funds (ETFs) marketed and managed by BlackRock. The new ETFs will be available on the Hong Kong Stock Exchange as of today.
“We are pleased that the offering for STOXX’s and Deutsche Börse’s flagship indices is expanded in Hong Kong,” said Matteo Andreetto, chief executive officer, STOXX Limited. STOXX is the marketing agent for the indices of Deutsche Börse AG, including the DAX index. “The EURO STOXX 50 and DAX indices provide market participants globally with access to the performance of the key Eurozone and German blue-chip companies, respectively, among them well known brands such as Bayer, BMW, Volkswagen or ING.”
The EURO STOXX 50 Index was launched in February 1998. It represents 50 supersector leaders in the 12 Eurozone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. The index is weighted by free-float market cap, and each component's weight is capped at 10% of the index's total free-float market cap. Through its outstanding methodology it ensures a well-balanced sector representation and simultaneously represents the overall market development. The index captures approximately 60% of the free-float market cap of the EURO STOXX TMI Index. Daily historical data are available back to December 31, 1986.
The DAX Index was launched in July 1988. It tracks the segment of the largest and most important companies of the German equity market. The equity index measures the share performance of the 30 largest German companies in terms of exchange turnover and market cap, each component’s weight is capped at 10%. The 30 stocks contained in DAX represent around 80 % of the market cap listed in Germany. Daily historical data are available back to December 30, 1987.
Please visit www.stoxx.com for further information.