STOXX Ltd. named "Most Innovative ETF Index Provider for Europe" for Fifth Time
Andreas von Brevern
Phone: +49 (0) 69 211 14284
This is the fifth consecutive year that STOXX has received this award, which was presented at the 10th Annual ETF Global Awards Dinner and Workshop hosted by Exchangetradedfunds.com in New York on April 10th. Award winners were determined by votes cast in the industry and statistical rankings conducted by well-known ETF analysts, making the results an accurate representation of the views of the industry.
“It is a great honor for STOXX to be recognized as most innovative ETF index provider in Europe for the fifth time in a row, especially by such an established institution as the Global ETF Awards Dinner and Workshop, which was held for the 10th time this year,” said Hartmut Graf, chief executive officer, STOXX Limited. “Our most recent innovative index launches include the STOXX Strong Balance Sheet, STOXX Europe Low Beta High Div 50 and STOXX Global Broad Infrastructure indices.”
The STOXX Strong Balance Sheet Indices select stocks according to their Altman Z-Score, a quantitative measure for the financial and fundamental health of a company. The recently launched STOXX Europe Low Beta High Div 50 Index aims to select 50 companies from the STOXX Europe 600 which have a higher 12-month net dividend yield than the EURO STOXX 50 and the lowest 12-months beta to the same index, and was licensed to Deutsche Bank to be used as the basis of structured products. The STOXX Global Broad Infrastructure Index captures the performance of the largest companies in the global infrastructure industry. The index is licensed to FlexShares, managed by Northern Trust, as the basis for an exchange-traded fund (ETF).
There are currently 273 ETFs based on STOXX, DAX and SMI indices. As of July 2010, STOXX is the marketing agent for the indices of Deutsche Boerse AG and SIX.
For further information, please see www.stoxx.com.
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Andrea Weidemann, firstname.lastname@example.org, Phone: +41 58 399 3568
Note to Editors:
About STOXX Limited
STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 6,000 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, and Pacific, the 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 in three different categories. The 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."
The STOXX indices are licensed to over 400 companies around the world as underlyings for Exchange Traded Funds (ETFs), Futures & Options, Structured Products and passively-managed investment funds. Three of the top Exchange Traded Funds (ETFs) in Europe and 30 percent of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number three position in the derivatives segment.
In addition, STOXX Ltd. is the marketing agent for the indices of Deutsche Boerse AG and SIX, amongst them the DAX and the SMI indices.
STOXX Ltd. is part of Deutsche Boerse AG and SIX. www.stoxx.com
STOXX does 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. STOXX is not providing investment advice through the publication of the STOXX® 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 on the merits of that company. Financial instruments based on the STOXX® indices are in no way sponsored, endorsed, sold or promoted by STOXX.
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