STOXX launches world index basket to cover US, Europe and Japan

The index basket combines the EURO STOXX 50, STOXX USA 50 and STOXX Japan 50 indices to access three major world markets through one index – and is designed to underlie exchange-traded funds and other investable products, as well as to be used to benchmark global equity portfolios. STOXX chief executive Hartmut Graf explained: “Derivatives and structured products that offer global equity exposure often combine different indices for the Euro zone, U.S. and Japanese markets. “With the launch of the iSTOXX World Select Index we offer market participants an innovative index basket to acce...