The Dow Jones Euro Stoxx 50 Index has been licensed to Credit Suisse to serve as the basis for an exchange-traded fund.
The Xmtch (IE) on Dow Jones Euro Stoxx 50 is now available at the SIX Swiss Exchange.
"The Dow Jones Euro Stoxx 50 Index is Europe’s most favoured equity index because it avoids currency risk by only including euro zone countries. This, as well as its liquidity, transparency and rules based methodology makes the index an ideal tool to participate in the performance of the 50 biggest companies in the euro zone," says Hartmut Graf, chief executive officer, Stoxx.
The Dow Jones Euro Stoxx 50 Index was launched on 28 February 1998. It represents 50 supersector leaders in the 12 euro zone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain.
The index is weighted by float-adjusted market capitalization, and each component’s weight is capped at ten per cent of the index’s total free-float market capitalization. The index captures approximately 60 per cent of the free-float market capitalization of the Dow Jones Euro Stoxx TMI Index.
