Source: Hedge Funds Review | 06 Oct 2009
Categories: Investors
Topics: Index, Eurozone, Ireland, Dow Jones, Exchange traded funds (ETF)
The Dow Jones EURO STOXX 50 has been licensed to HSBC to serve as the basis for an exchange-traded fund (ETF) available on the London Stock Exchange.
Domiciled in Ireland, the ETF is designed to replicate the performance of the Dow Jones EURO STOXX 50 Index (total return). The total expense ratio of the fund is up to 0.15%.
In August, HSBC announced its entry into the European ETF market with the launch of the HSBC FTSE 100 ETF. It plans to build a comprehensive range of ETFs over the next two years, covering the main asset classes and both developed and emerging market indexes.
Launched at the end of February 1998, the index represents 50 super-sector leaders in the 12 euro zone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. From October 2, 2009, the index was up 16.42% for the year.
The index is weighted by float-adjusted market capitalisation. Each component's weight is capped at 10% of the index's total free-float market capitalisation. The index captures approximately 60% of the free-float market capitalisation of the Dow Jones EURO STOXX TMI Index.
Daily historical data are available back to December 31, 1986.
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