STOXX, a European index provider, has licensed the Dow Jones EURO STOXX 50 Short, Dow Jones STOXX Global Select Dividend 100 and Dow Jones EURO STOXX Select Dividend 30 indexes to Deutsche Bank to underlie three exchange-traded funds (ETFs).
The ETFs will begin trading Thursday at Deutsche Boerse in Frankfurt.
This is the first time that the Dow Jones EURO STOXX 50 Short and the Dow Jones STOXX Global Select Dividend 100 indexes have been licensed to serve as the basis for ETFs.
“These indexes represent the next generation of indexes that enable investors to further diversify their portfolios with sophisticated investment strategies and alternative weighting schemes,” says Lars Hamich, managing director STOXX Ltd. “The Dow Jones EURO STOXX 50 Short Index is an ideal tool to enhance market returns in bear markets. Both the Dow Jones STOXX Global Select Dividend 100 Index and Dow Jones EURO STOXX Select Dividend 30 Index follow a unique methodology weighted by dividend yield instead of market capitalization and offer a very attractive risk/return profile.”