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First EURO STOXX 50 ETF to be listed in Australia


The EURO STOXX 50 Index has been licensed to ANZ ETFS Management (ANZ ETFS) to serve as the underlying for an exchange-traded fund (ETF) in Australia that will be available later this month.

ANZ ETFS is a partnership between Australia and New Zealand Banking Group Limited (ANZ) and ETF Securities, providing ETF product solutions to Australian investors.
“It is the first time that our unrivalled flagship EURO STOXX 50 Index has been licensed for an exchange-traded fund in Australia. We are thrilled to expand our footprint in the Asia-Pacific region,” says Matteo Andreetto, chief executive officer, STOXX Limited. “Market participants globally have already discovered the advantages of using vehicles that invest in the Eurozone, the major European sub-region. As of this month, Australian market participants can gain access to the performance of the highly liquid and most successful companies in the Eurozone such as Daimler, BMW, Bayer or Unilever through Europe’s most famous blue-chip index.”
Kris Walesby, ANZ ETFS head, says: “We’re excited to license the EURO STOXX 50 Index and bring it to Australian investors as it offers access to the Eurozone’s leading companies and pure Euro exposure through an internationally recognized and deeply liquid European benchmark. We believe it will prove popular with both retail and institutional investors.”
The EURO STOXX 50 Index was launched in February 1998. It represents 50 supersector leaders in the 12 Eurozone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. The index is weighted by free-float market cap, and each component's weight is capped at 10 per cent of the index's total free-float market cap.
The index captures approximately 60 per cent of the free-float market cap of the EURO STOXX TMI Index. Daily historical data are available back to 31 December 1986.

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