Stoxx Expands Dividends-Based Index Family

Summary


ZURICH, Switzerland (HedgeWorld.com) - European index provider Stoxx Ltd. today [May 14] launched two new indexes, the Dow Jones Stoxx Americas Select Dividend 40 Index and the Dow Jones Stoxx Asia/ Pacific Select Dividend 30 Index. The new indexes are a further extension of Stoxx Select Dividend offerings, which are weighted by dividend yield rather than by market capital.

The new indexes will be licensed to institutions to serve as underlyings for products such as exchange-traded funds, mutual funds and structured products. Neither index has yet been licensed, although negotiations are under way.

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Extract


Stoxx Expands Dividends-Based Index Family

The Americas Select Dividend 40 Index will be composed of the 40 highest-yielding stocks f...

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