STOXX Ltd. has licensed its most successful blue-chip index, the Dow Jones EURO STOXX 50, to Deutsche Bank as the underlying index for an exchange-traded fund (ETF) in South Africa. The Itrix DJ EURO STOXX 50 fund was listed at JSE Main Board on Monday, October 10. Itrix is a joint venture between the JSE limited and Deutsche Bank.
“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.”