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Announcement

STOXX Europe 600 index licensed to ALPS for new ETF

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STOXX Limited has licensed the STOXX Europe 600 Index to ALPS to serve as the basis for a new NYSE Arca-listed exchange-traded fund (ETF).

This is the first time that the STOXX Europe 600 has been licensed to underlie an ETF in the US. Currently 10 exchange-traded products (ETPs) are available on the index globally.
 
“Licensing the STOXX Europe 600 for the first time for an ETF listed in the US is an important step for us and shows that our products are gaining recognition there,” says Hartmut Graf, chief executive officer, STOXX Limited. “The STOXX Europe 600 remains the most favored benchmark for developed Europe. Its liquidity, transparency and rules-based methodology make it an ideal tool for investors seeking exposure to a broad range of European equities.”
 
Tom Carter, president of ALPS Advisors, says: “STOXX Limited has been at the forefront of major market developments for years. We’re particularly pleased to be working with them to bring the benefits of this innovative index to the US marketplace.”
 
The STOXX Europe 600 Index represents the performance of companies across 18 European countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK. The index’s 600 components include the constituents of the STOXX Europe 200 Large, the STOXX Europe 200 Mid and the STOXX Europe 200 Small indices. The STOXX Europe 600 accounts for about 90 per cent of the market cap for developed Europe.

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