Stoxx has launched the Stoxx North America 50, Stoxx Asia/Pacific 50 and Stoxx Global 150 indices.
The new blue-chip indices take the well-known methodology of the European flag-ship indices to the North American and Asia Pacific regions.
“With the launch of the Stoxx North America 50, Stoxx Asia/Pacific 50 and Stoxx Global 150 indices, Stoxx for the first time applies the renowned methodology of the Euro Stoxx 50 Index to the North American and Asian/Pacific markets,” says Hartmut Graf, chief executive officer, Stoxx. “Our new indices offer a unique and well-balanced representation of blue-chip companies across all supersectors in these markets, thus enabling investors to participate from the performance of only the most liquid stocks in these regions.”
The Stoxx North America 50 and Stoxx Asia/Pacific 50 indices are derived from the Stoxx Americas 600 and Stoxx Asia/Pacific 600 indices, respectively. For each of the 19 supersectors of the respective index, the components are ranked by free float market capitalisation. The largest stocks are then added to the selection list until the coverage is close to (but still less than) 60 per cent of the market capitalisation of the respective supersector. Stocks on the selection list are ranked by free float market capitalisation and the 50 largest stocks are chosen as components for the respective blue-chip index.
The Stoxx Global 150 Index comprises the components of the Stoxx North America 50, Stoxx Europe 50 and Stoxx Asia/Pacific 50 indices.
The new indices are weighted by float-adjusted market capitalisation, calculated in EUR and US dollar, and are available in price and net return versions.
