The Dow Jones STOXX 50 is a stock index representing 50 of the largest companies in Europe based on market capitalization. The index, first reported in 1998, is reconstituted annually, and weightings are adjusted quarterly to account for proportional changes in underlying company market caps.
BREAKING DOWN Dow Jones STOXX 50
The Dow Jones STOXX 50 is selected from a stock universe that is an aggregate of the 18 Dow Jones STOXX 600 Supersector indices, which together capture about 95% of the capitalization of the major stock exchanges in 18 European countries. Each sub-index places its largest members on a selection list, which is then ranked by market cap to choose the STOXX 50 members.
Get a complete List of all STOXX Global 1800 stocks. The values of #name# companies consists live prices and previous close price, as well as daily, 3-, 6- and 1-year performance, charts and many.
The Dow Jones STOXX 50 index closely resembles the Dow Jones EURO STOXX 50 in methodology and construction, with the exception that it does not limit company selection to businesses that have fully transitioned to the euro currency.
The index limits the weighting of any one member to 10%, but no sector limitations are applied to the index's construction. As such, banking companies dominate the STOXX 50. The index is meant to capture blue-chip companies in the region, so the average weighted market cap is large ($117 billion in 2018).
EURO STOXX 50
The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group. According to STOXX, its goal is 'to provide a blue-chip representation of Supersector leaders in the Eurozone.' It is made up of 50 of the largest and most liquid stocks.
The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices and represents the largest supersector leaders in the Eurozone in terms of free-float market capitalization. The index captures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers about 95% of the free-float market capitalization of the represented countries.
STOXX
Dj Stoxx 1800 1
STOXX Limited is a globally integrated index provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is a wholly owned subsidiary of Deutsche Börse Group. STOXX calculates more than 7,500 indices and acts as the marketing agent for Deutsche Börse indices like DAX.
STOXX indices are licensed to financial institutions and other users for use with exchange-traded funds (ETFs), mutual funds, futures, options, structured products and other purposes.
STOXX Limited
Subsidiary
Industry
Financial services
Founded
1997
Headquarters
Zug, Switzerland
Key people
Steffen Hermanns (CEO ad interim as of October 1st 2018) [1]
Services
stock market indices
Parent
Deutsche Börse Group
Website
www.stoxx.com
STOXX Limited is a Swiss globally integrated index provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is part of Qontigo, which was created in 2019 through the combination of STOXX, DAX and Axioma. Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London. STOXX calculates more than 10,000 indices and in addition acts as the administrator for the DAXindices.
STOXX indices are licensed to financial institutions and other users for use with exchange-traded funds (ETFs), mutual funds, futures, options, structured products, and other purposes.
History[edit]
STOXX Limited was formed in 1997 and in 1998 the first STOXX indices were launched. In 2000 STOXX was the first index provider to implement free float market capitalization in all its indices. In December 2009 Deutsche Börse and SIX Group became sole shareholders of STOXX after Dow Jones exited the joint venture. Shortly after STOXX renamed all indices by removing the 'DJ/Dow Jones' prefix. In July 2010 STOXX became the marketing agent for Deutsche Börse and SIX Swiss Exchange indices.[2]
In 2015 Deutsche Börse purchased the remaining 49.9% shares of STOXX from SIX Group along with the remaining shares of the joint venture Indexium AG at a cost of 650m Swiss Francs.
Index Family[edit]
The STOXX Index family represents a wide range of stocks covering different market segments and different investment strategies. On a regional level the indices initially covered Europe, the Eurozone and Eastern Europe.
In 2011 STOXX expanded its index range by adding a consistent global index family for global regions and countries.
STOXX calculates and distributes the well known EURO STOXX 50, STOXX Europe 50, and STOXX Europe 600 indices, which are used as the underlying indices for numerous derivative financial instruments such as options, futures and index funds.
Since 2013 with its GC Pooling index family STOXX offers a completely rules based interbank rate benchmark based on secured euro lending transactions.[3][4] The European Central Bank (ECB) uses the STOXX GC Pooling Indices as new euro secured benchmarks.
In 2016, STOXX introduced its first fixed income index, the EURO STOXX 50 Corporate Bond Index. The index tracks the corporate debt of the EURO STOXX 50 companies.
In 2018 STOXX launched its ESG-screened versions of more than 40 benchmarks that meet the standard responsible-investing criteria of leading asset owners. The suite offers ESG-X versions of global, regional and emerging markets benchmarks, including ESG-X versions of the EURO STOXX 50® and the STOXX® Europe 600. The ESG-X indices incorporate standard norm- and product-based exclusions that aim to limit market and reputational risks while keeping a low tracking error and a similar risk-return profile to the respective benchmark.
References[edit]
Dj Stoxx 600
^'Deutsche Börse Market Data + Services - Management'. www.mds.deutsche-boerse.com.
^STOXX. 'STOXX Digital - About us'. www.stoxx.com.
^STOXX. 'STOXX Digital - STOXX® GC Pooling Indices'. www.stoxx.com.
^'Benchmarking European repo markets'. Risk.net. 2014-03-04. Retrieved 2014-04-15.
External links[edit]
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