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Stoxx licenses four sector strategy indexes to underlie ETF

ER - Patrimoine et placements
ABONNÉS
STOXX Limited, a global index provider and creator of the leading European equity indices, today announced that the STOXX Europe 600 Oil & Gas Daily Short, STOXX Europe 600 Basic Resources Daily Short, STOXX Europe 600 Banks Daily Short and STOXX Europe 600 Automobiles & Parts Daily Short indices have been licensed to Lyxor Asset Management to underlie four exchange-traded funds (ETFs). The new ETFs are available today on NYSE Euronext (Paris).

“The STOXX Europe 600 Supersector Daily Short Indices are effective tools for investors aiming to track the performance of bearish viewpoints on specific sectors within the European equity markets,” said Hartmut Graf, chief executive officer, STOXX Ltd. “The indices’ innovative, rules-based and transparent methodologies enable market participants to further diversify their portfolio with sophisticated investment strategies.”

“Lyxor is strengthening its offering on sector indices. The four new ETFs are exposed to some of the most traded European sectors and give investors an efficient tool for their tactical asset allocation,” said Isabelle Bourcier, global head of Lyxor ETFs. “Lyxor offers the most on-exchange traded range of sector ETFs in Europe.”

Launched in October 2007, the STOXX Europe 600 Supersector Daily Short Indices are based on the STOXX Europe 600 Supersector Indices, which represent the largest European companies in each of the 19 supersectors defined by the Industry Classification Benchmark (ICB).

The STOXX Europe 600 Supersector Daily Short Indices are inversely linked to the daily performance of the STOXX Europe 600 Supersector Gross Return Indices. A negative performance of a STOXX Europe 600 Supersector Gross Return Index results in a positive performance of the respective STOXX Europe 600 Supersector Daily Short Index, and vice versa. The cost of borrowing and the benefit of earning interest are also taken into account in the calculation of the indices.

The STOXX Europe 600 Supersector Daily Short Indices are part of the STOXX Strategy Index family. Further information on the STOXX Strategy Indices is available at www.stoxx.com.

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