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EURO iSTOXX 70 Equal Weight 5% Decrement Index licensed to Natixis


STOXX Limited has licensed its newly launched EURO iSTOXX 70 Equal Weight Decrement 5% Index to Natixis to be used as the basis for structured products.

The new index replicates the performance of the EURO iSTOXX 70 Equal Weight Index while assuming a constant markdown.
“The EURO iSTOXX 70 Equal Weight Decrement 5% Index is based on a subset of the EURO STOXX and complements our smart-beta index offering,” says Matteo Andreetto, chief executive officer, STOXX Limited. “Our new index is a rules-based and transparent tool that does not only offer access to the 70 largest Eurozone companies by free-float market cap but applies strategies such as the equal weighting scheme and reinvestment of net dividends.”
Frederic Goasguen, head of index engineering, equity derivatives at Natixis’ Corporate & Investment Banking division, says: “We’re thrilled to license the EURO iSTOXX 70 Equal Weight Decrement 5% Index. This index will offer investors a unique investment solution with the aim of prospering during a time of considerable market volatility. Together, we are uniquely positioned to drive more efficient, inventive and robust solutions for our clients across the equity sector.”
The EURO iSTOXX 70 Equal Weight Decrement 5% Index replicates the performance of the EURO iSTOXX 70 Equal Weight Index with net dividends being reinvested.
The index comprises the 70 largest Eurozone stocks by free-float market capitalisation of the EURO STOXX Index. The constituents are equal weighted. An annualised decrement of five per cent is subtracted from the underlying index, according to the corresponding day-to-day year fraction.
All index changes and adjustments of the base index are reflected, which is reviewed quarterly. The index is available in a price version and is calculated in euro. The base date is 19 November 2014, with the base value set at 1,000. Daily historical data is available from 19 December 2005.

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