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STOXX Launches Bond Version of EURO STOXX 50 Index

Press Release

Andreas von Brevern

andreas.von.brevern@deutsche-boerse.com

Phone: +49 (0) 69 211 14284

Zurich | Apr. 07, 2016

Apr. 07, 2016

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STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today introduced the EURO STOXX 50 Corporate Bond Index which is the only of its kind, tracking the corporate debt of the EURO STOXX 50 companies. As such, the EURO STOXX 50 Corporate Bond Index is the fixed income equivalent of the EURO STOXX 50 including the bonds of the top-flight blue-chip companies in the Eurozone.

The highly liquid EURO STOXX 50 Corporate Bond Index is designed to act as an underlying for exchange-traded funds and derivatives.

“The EURO STOXX 50 is Europe’s most successful blue-chip equity index. Our transparent and rules-based flagship index provides market participants globally with access to the performance of the key Eurozone equities. We now translate the success factors of our flagship index to the bonds market, by creating the EURO STOXX 50 Corporate Bond Index which enables market participants to measure the performance of bonds issued by companies of the EURO STOXX 50. This link allows a consistent analysis of the bond and equity market in the Eurozone,” said Matteo Andreetto, chief executive officer, STOXX Limited. “With this launch, STOXX is for the first time offering a bond index, and the EURO STOXX 50 is going multi-asset.”

The universe for the EURO STOXX 50 Corporate Bond Index is defined as bonds issued by EURO STOXX 50 member companies, their respective corporate group and subsidiaries of both. All eligible corporate bonds must have a remaining time to maturity of at least 15 months measured from the respective re-balancing date to the maturity date and must have a minimum nominal amount outstanding of 750 million euro. Only euro-denominated fixed and zero coupon bonds are included. A minimum consolidated bond rating of Investment Grade (BBB and higher) is required. The index is market cap-weighted; capping is applied on issuer level at 20% and industry level at 40%.

STOXX collaborates with IDC (Interactive Data Corporation), a leading market data provider, to use their continuous fixed income evaluated pricing service which provides real-time bond pricing.

The EURO STOXX 50 Corporate Bond Index is calculated real-time in euro price and total return versions. Historical data is available from Dec. 31, 2010. The EURO STOXX 50 Corporate Bond Index is reviewed quarterly in March, June, September and December.

Please visit www.stoxx.com/fixedincome for further information.

 

# # #

 

Media contacts:

 

Andrea Weidemann, andrea.weidemann@stoxx.com, Phone: +41 58 399 3568

Lara Atkinson, lara.atkinson@stoxx.com, Phone: +49 69 211 12977

 

Note to Editors:

About STOXX Limited

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into three categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name.

STOXX indices are licensed to more than 500 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and markets the DAX indices. www.stoxx.com

 

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

 

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