Euro Stoxx 50 ex Financial Index licensed to Deutsche Bank to underlie ETF
The Euro Stoxx 50 ex Financials Index has been licensed to Deutsche Bank to serve as the underlying index for an exchange-traded fund.
The db x-trackers Euro Stoxx 50 ex Financials Ucits ETF (DR) has been listed on London Stock Exchange, and will also available on Xetra and Borsa Italiana.
“The Euro Stoxx ex Financials Index offers market participants a tool to access the performance of leading Euro zone companies without exposure to the financial industry,” says Hartmut Graf, chief executive officer, Stoxx. “At the same time, the index is based on the superior and established methodology and composition of Europe’s favourite equity index.”
Launched on 17 October 2011, the Euro Stoxx 50 ex Financials Index follows the same methodology as the underlying Euro Stoxx 50 Index, but excludes all companies in the underlying index which are classified as ICB industry financials (code 8000).
The Euro Stoxx 50 ex Financials Index is reviewed together with the underlying index, and is available in price, net and gross return versions, and calculated in euro and US dollar. Daily historical index values are available back to 20 September 2004.
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