Stoxx Limited has licensed the Dow Jones Stoxx 50 Index to ETFlab Investment as the underlying fo...
Stoxx Limited has licensed the Dow Jones Stoxx 50 Index to ETFlab Investment as the underlying for a new ETF.
The underlying index comprises the largest 50 blue-chip companies across 18 European countries, including Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.
The index, which is reviewed every September, uses a rules-based methodology and is weighed according to float-adjusted market capitalisation, with each component's weight capped at 10%.
The ETFlab DJ Stoxx 50 is now listed on the Deutsche Börse. The ETF is Ucits III compliant, incorporated in Germany.
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