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Hartmut Graf, chief executive officer, Stoxx

STOXX Europe 50 Index licensed to ICBC Credit Suisse for ETF


STOXX has licensed the STOXX Europe 50 Index to ICBC Credit Suisse to serve as the basis for an exchange-traded fund.

The chief executive of STOXX and the chief investment officer of ICBC Credit Suisse gathered at an official signing ceremony in Beijing to mark the occasion.
It is the first time that the STOXX Europe 50 Index has been licensed to underlie an ETF in China. There are currently six exchange-traded products on the index available, globally.
“The STOXX Europe 50 Index comprises 50 of Europe’s largest companies, among them Nestlé, HSBC and Siemens. The index’s liquidity, transparency and rules based methodology make it an ideal tool to participate in the performance of Europe’s equity markets,” says Hartmut Graf (pictured), chief executive officer, STOXX Ltd. “Today’s signing ceremony marks the first time this index is licensed in China, and is a highlight for STOXX as we are further expanding our footprint in the Asian region.”
The top management personnel at ICBC Credit Suisse says: “As a top 10 asset management company in China (in terms of AUM), ICBC Credit Suisse initiated its index investment management business in 2009. With a focus on developing broad-based index products, ICBC Credit Suisse now has a portfolio of index products which includes index funds, ETFs, and structured index funds covering both equity and fixed-income markets with a top-tier tracking error records. When it comes to selecting the right index product for Chinese inventors, ICBC Credit Suisse considers first the region, then the country, then the theme of the relevant index. The licensing of the European blue chip equity index, STOXX Europe 50, is a major step forward for establishing the index investment management business’s global presence at ICBC Credit Suisse.”

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