EURO STOXX 50 Licensed To U.S. Based Direxion

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 has been licensed to Direxion Funds to underlie a 3x Leveraged ETF.

“We are delighted that Direxion has chosen our European flagship index to underlie an exchange-traded fund in the U.S.,” said Matteo Andreetto, chief executive officer, STOXX Limited. “The EURO STOXX 50 Index remains Europe’s most favored and well-known blue chip equity index. Its liquidity, transparency and rules based methodology makes the index an ideal tool to participate in the performance of the Eurozone equity markets.”

Paul Brigandi, Managing Director at Direxion said: “As political risks dissipate following the results of the French elections, the Eurozone economy strengthens and prospects for earnings improve, this is the ideal time to offer active traders exposure to a highly reputable index tracking 50 of the largest and most liquid blue-chip European stocks.” 

The EURO STOXX 50 Index, provides a blue-chip representation of supersector leaders in the Eurozone. The index covers 50 stocks from 11 Eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The EURO STOXX 50 Index is licensed to financial institutions to serve as underlying for a wide range of investment products such as Exchange Traded Funds (ETF), Futures and Options, and structured products worldwide. The total asset under management for ETFs based on the EURO STOXX 50 was EUR 41.5 billion at the end of June 2017.

Please visit www.stoxx.com for further information.