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STOXX Limited, a leading provider of innovative, tradable and global index concepts, announced today that it has licensed its flagship EURO STOXX 50 Index to Nikko Asset Management, a Tokyo-based asset manager.
“This is our fourth license for a STOXX index in Japan in less than a year,” said Hartmut Graf, chief executive officer, STOXX Limited. “We remain confident that global investors’ increasing interest in European investment products means that demand for our European indices will continue to grow abroad, both in Asia and in North America. Europe as an exposure is interesting for investors right now, given the attractive valuations, the monetary policy scenario and the forex climate that benefits exports for Europe.”
The EURO STOXX 50 Index was launched in February 1998. It represents 50 supersector leaders in 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.
“We are pleased to be licensing the EURO STOXX 50 Index, and believe this will add tremendous value to our clients and further broaden our global investment capability,” said Hideyuki Omokawa, global head of products at Nikko Asset Management. “We look forward to providing our investors with more opportunity to get exposure to the Eurozone at a time when investors are showing renewed interest in the region.”
Nikko Asset Management licensed the euro version of the EURO STOXX 50 Index and will use it to create a passive fund that will be sold to institutional investors via private placements. The firm offers world-class asset management solutions for global investors and has approximately 18.64 trillion yen in assets under management. With more than 290 investment professionals, the firm leverages its extensive global resources representing over 30 nationalities across 12 countries.
Please visit www.stoxx.com for further information.
