Deutsche Bank licences Dow Jones Euro Stoxx 50 for SA ETF
STOXX has licensed its most successful blue-chip index, the Dow Jones EURO STOXX 50, to Deutsche Bank as the underlying index for a South African ETF.
The Itrix DJ EURO STOXX 50 fund, a joint venture between JSE Ltd and Deutsche Bank, was listed at JSE Main Board on Monday.
"The Dow Jones EURO STOXX 50 is an extremely attractive vehicle to access and participate in the performance of the Euro zone," said Lars Hamich, managing director of STOXX Ltd. "Via its Itrix ETF, Deutsche Bank now offers South African investors -- for the first time -- the opportunity to get exposure to international markets using highly effective investment tools."
The Dow Jones EURO STOXX 50 Index was launched 1998 -- even before the single European market was created. It is the first pan-European blue-chip index calculating the 50 biggest sector leaders in the Euro zone covering 12 European countries.
The Dow Jones EURO STOXX 50 is distributed on a real-time basis through major market-data vendors. Historical data on the Dow Jones EURO STOXX 50 index goes back to Dec. 31, 1986. The full list of components, including weightings and values of the Dow Jones EURO STOXX 50, is available at www.stoxx.com.
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