Two new European indices for blue chips – the Morningstar Eurozone 50 Index and Morningstar Developed Markets Europe 100 Index – are now live on Euronext.
The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset managers, brokers, ETF issuers, banks and trading desks) with equity beta indices that can be used as benchmarks and for investable product creation. The new indices are positioned as a competitive alternative to Europe’s existing offerings and are part of Morningstar’s Open Indexes Project, which delivers a portion of Morningstar’s global equity indices for no cost to the investment community for benchmarking purposes.
The indices come with an innovative business model offering: free daily index performance data and constituent holdings on a monthly basis; a competitive licensing fee for investment product creation; and limited fixed fee levels to license the indices for bank structured product creation
The agreement with Morningstar to deliver new European indices is part of Euronext’s “Agility for Growth” strategy aimed at diversifying and strengthening its index offering in Europe.
The indices launch will be followed by Euronext’s launch of Futures contracts on the two new European indices in Q4 2017.
