STOXX Limited Launches EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices
Andreas von Brevern
Phone: +49 (0) 69 211 14284
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 Multi-Asset Momentum Risk Cap Indices. These indices implement a cross-asset strategy concept that is based on the EURO STOXX 50 and the EURO STOXX 50 Corporate Bond Indices, using the momentum factor for dynamic asset allocation to enhance returns, while maintaining the risk at pre-defined maximum volatility levels.
The EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices are screened for high liquidity and therefore suited as underlyings for financial products such as exchange-traded funds (ETFs) and derivatives.
“Research shows that demand for multi-asset strategies has grown in recent years as has the need for innovative solutions. To meet this need, STOXX expands its range of multi-asset indices with the launch of the EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices,” said Matteo Andreetto, chief executive officer, STOXX Limited. “Our multi-asset strategies are designed for market participants who want to benefit from the cross-asset exposure to core equities and fixed income within the EURO STOXX 50 universe. The dynamic allocation strategy of the newly launched versions potentially increases performance, while simultaneously being sensitive to risk. This combination allows to construct efficient portfolios in accordance with individual risk preferences.”
The EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices combine the performance of the EURO STOXX 50 and EURO STOXX 50 Corporate Bond Indices. This cross-asset concept based on a momentum strategy allows a dynamic weighting of the returns of the underlying indices. Additionally a risk control component in form of a volatility-cap is applied. The offering is available at the following maximum volatility levels: 5%, 7.5%, 10%, 15% and 20%.
The indices are rebalanced on a quarterly basis at the last trading day of March, June, September and December. At any other calculation day, a daily volatility level control procedure is applied. All indices are available in price and total return versions and are calculated in euro. The base date is Mar. 31, 2011, with the base value set at 100.
Please see the table below for a full list of available indices:
EURO STOXX 50 Multi-Asset Momentum 5% Risk Cap
EURO STOXX 50 Multi-Asset Momentum 7.5% Risk Cap
EURO STOXX 50 Multi-Asset Momentum 10% Risk Cap
EURO STOXX 50 Multi-Asset Momentum 15% Risk Cap
EURO STOXX 50 Multi-Asset Momentum 20% Risk Cap
Please visit www.stoxx.com for further information.
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Andrea Weidemann, firstname.lastname@example.org, Phone: +41 58 399 3568
Lara Atkinson, email@example.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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