STOXX Expands Fixed Income Offering
Andreas von Brevern
Phone: +49 (0) 69 211 14284
STOXX EXPANDS FIXED INCOME OFFERING
ZURICH (Feb. 21, 2017) - 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 Sector, Rating and Maturity Bucket Sub-Indices. They expand the EURO STOXX 50 Corporate Bond Index, which was launched in April and is the fixed income equivalent of the EURO STOXX 50, including the bonds of the blue-chip companies in the Eurozone. The new sub-indices represent certain maturity buckets, industries and rating classes. The maturity buckets include 1 – 3 years, 3 – 5 years, 5 – 7 years, and more than 7 years. There are also a EURO STOXX 50 Corporate Bond Financials, EURO STOXX 50 Corporate Bond Ex-Financials incl. maturity buckets and a higher quality AAA-A version.
“Our fixed income offering is growing rapidly. The exclusive bond version of our flagship index, the EURO STOXX 50® Corporate Bond Index, has now been expanded with a set of sub-indices tracking different maturity buckets, industries and credit ratings. The different versions and combinations allow the investors to more efficiently and accurately capture their fine-tuned views in European credit markets, helping match desired strategies. All sub-indices are based on our blue-chip equity index EURO STOXX 50, which is a household name for investors around the world,” says Matteo Andreetto, chief executive officer, STOXX Limited.
The EURO STOXX 50 Corporate Bond Index and its sub-indices are comprised solely of corporate bonds issued by companies that are constituents of the EURO STOXX 50 index at the time of the rebalancing.
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. Only euro-denominated fixed and zero coupon bonds are included. A minimum consolidated bond rating of Investment Grade (BBB and higher) is required. The indices are market cap-weighted.
STOXX uses the fixed income Continuous Evaluated Pricing service by ICE Data Services (formerly Interactive Data Corporation) which provides real-time bond prices.
The EURO STOXX 50 Corporate Bond Index and its sub-indices are calculated real-time in 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.
# # #
Andreas von Brevern, email@example.com, Phone: +49 69 211 14284
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 also 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.
Please fill the form below to attend :
STOXX Expands Fixed Income Offering
Related Press Releases
STOXX Wins Multi-Billion Landmark Deal With Four German Pension Funds For Sustainable, Climate-Friendly Global Index Solutions
STOXX has won a request for proposal to license four low-carbon sustainability indices to the pension funds of four states in Germany: Baden-Wuerttemberg, Brandenburg, Hesse, and North Rhine-Westphalia. The deal entails over EUR 7 billion in replicating assets.