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Dow Jones Euro Stoxx 50 to underlie Crédit Agricole exchange-traded fund

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European equity index provider Stoxx has announced that the Dow Jones Euro Stoxx 50 has been licensed to Crédit Agricole Structured Assed Management to serve as the basis for an exc

European equity index provider Stoxx has announced that the Dow Jones Euro Stoxx 50 has been licensed to Crédit Agricole Structured Assed Management to serve as the basis for an exchange-traded fund available on NYSE Euronext Paris.

‘The Dow Jones Euro Stoxx 50 has become the leading pan-European index not only because its rules-based and transparent methodology, but because it was the first index that included only euro-denominated stocks,’ says Werner Bürki, chairman of the Stoxx supervisory board. ‘Therefore, it offers market participants a sophisticated benchmark for the euro zone.’

Valérie Baudson, managing director for ETF development at Crédit Agricole Structured Asset Management, adds: ‘With the launch of our ETF on the Dow Jones Euro Stoxx 50, we offer our clients simple, liquid and transparent access to equities in the euro zone.’

The Dow Jones Euro Stoxx 50 Index was launched on February 28, 1998, and comprises 50 supersector leaders in the 12 eurozone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. As of October 21, the index was up 188.51 per cent since its launch.

The index is weighted by float-adjusted market capitalisation, and each component’s weight is capped at 10 per cent of the index’s total free-float market capitalisation. The index captures around 60 per cent of the free-float market capitalisation of the Dow Jones Euro Stoxx TMI Index. Daily historical data is available back to December 31, 1986, although all prices prior to February 28, 1998 is based on back-testing.

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