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Stoxx launches blue-chip index for the Balkans

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Stoxx, the European index provider, has launched the Dow Jones Stoxx Balkan 50 Equal Weighted Index, a blue-chip index measuring the performance of the 50 largest and most liquid stocks tr

Stoxx, the European index provider, has launched the Dow Jones Stoxx Balkan 50 Equal Weighted Index, a blue-chip index measuring the performance of the 50 largest and most liquid stocks traded in the Balkan region.

The Balkan countries are growing economies that have developed competitive returns in recent years, which makes the index an appealing tool for financial institutions. The Dow Jones Stoxx Balkan 50 Equal Weighted Index is designed to underlie investment products such as mutual funds, exchange-traded funds and structured products.

Countries currently included in the Dow Jones Stoxx Balkan 50 Equal Weighted Index are Bulgaria, Croatia, Greece, Macedonia, Romania, Serbia, Slovenia and Turkey. To ensure a significant and balanced representation of all eligible countries, the index comprises the 10 largest companies in Greece and Turkey and the five largest companies of the other countries. The weight of each component is 2 per cent and the number of components is fixed at 50. Components are selected based on free-float market capitalisation and liquidity.

The composition of the Dow Jones Stoxx Balkan 50 Equal Weighted Index is reviewed annually in September. Price and total return indices are calculated in euros and US dollars. Daily historical index values of the Dow Jones Stoxx Balkan 50 Equal Weighted Index are available back to December 2006.

The performance of the Dow Jones Stoxx Balkan 50 Equal Weighted Index over the first 10 months of the year is 38.7 per cent.

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