European equity index provider Stoxx has announced that the Dow Jones Stoxx 600 Index has been licensed to Deutsche Bank to serve as the underlying basis for an exchange-traded fund.
European equity index provider Stoxx has announced that the Dow Jones Stoxx 600 Index has been licensed to Deutsche Bank to serve as the underlying basis for an exchange-traded fund.
The db x-trackers DJ Stoxx 600 ETF is listed on Deutsche Börse.
The Dow Jones Stoxx 600 Index represents a broad and liquid selection of large-, mid- and small-cap companies in Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.
“The Dow Jones Stoxx 600 Index uses a rules-based and transparent methodology to provide market participants with a superior and established tool to track the performance of 600 leading companies listed in 18 western European countries,” says Stoxx chief executive Ricardo Manrique.
“Deutsche Bank’s decision to license the index for their latest ETF complements their already existing ETF line-up based on the Dow Jones Stoxx 600 Supersector Indexes. The Dow Jones
Stoxx 600 Index reflects the broad view of pan-European markets, while the supersector indexes provide exposure to more focused, specific segments, in one consistent index family.”
The Dow Jones Stoxx 600 Index was launched on 15 June 1998, with daily historical data available back to 31 December 1986. The index is available in price and total return versions, and comprises the Dow Jones Stoxx Large 200, the Dow Jones Stoxx Mid 200 and the Dow Jones Stoxx Small 200 Indexes. The indexes are reviewed quarterly and calculated in euros and US dollars.
