STOXX innovates index business by launching Fund Managers Index
STOXX innovates index business by launching Fund Managers Index
Zug (Nov. 28, 2019) – Qontigo’s global index provider STOXX Ltd. has launched the iSTOXX Top Citywire Fund Managers Index. The index has been licensed to Credit Suisse as an underlying for both delta one and structured products.
This customized index does not use data from trading venues. For the first time, STOXX, in partnership with Credit Suisse, has created an index which uses an external data set provided by Citywire.
“This initiative aims to help investors navigate the wide expanse of available mutual funds, fund managers and asset classes in the market. Investors will also benefit from a dynamic universe of top-rated managers and a multi-asset investment approach,” said Florent Breemeersch from Credit Suisse.
“With this index we have launched quite an innovation: this is not only a first at STOXX, we are also at the forefront of systematic solutions. It proves our ability to develop index concepts beyond the traditional trading-related indices. We believe that all kinds of other use cases are possible if a high-quality data set is available. Our unique open architecture and strong operational teams enable us to take on sophisticated projects to serve the investment community,” said Roberto Lazzarotto, Senior Managing Director at Qontigo.
The index replicates the performance of a portfolio that invests in mutual funds run by fund managers who have shown better historical risk-adjusted performance compared to their peers and are rated high by Citywire. For each of the following four asset class segments, one fund is selected: Global Equity, Global High Yield, Global Fixed Income, Global Mixed Allocation. The index uses figures from the Citywire fund manager universe.
STOXX will be launching a series of indices together with Credit Suisse based on this dataset.
Media contact:
Andreas von Brevern
andreas.von.brevern@deutsche-boerse.com
phone: +49 69 211 14284
About Qontigo
Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the company’s world-class indices and best-of-breed analytics, with its technological expertise and customer-driven innovation enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of STOXX, DAX and Axioma, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.
About STOXX
STOXX Ltd. is Qontigo’s global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.
STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds.
Qontigo’s index provider STOXX is part of Deutsche Börse Group, and the administrator of the DAX indices under the European Benchmark Regulation.
Legal disclaimer:
STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.