STOXX Ltd. is a Swiss globally integrated

index Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastru ...

provider, covering the world markets across all asset classes – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is part of Qontigo, which was created in 2019 through the combination of STOXX,

DAX Dax or DAX may refer to: Business and organizations * DAX, stock market index of the top 40 German companies ** DAX 100, an expanded index of 100 stocks, superseded by the HDAX ** TecDAX, stock index of the top 30 German technology firms * Dax Ca ...

and Axioma. Qontigo is part of

Deutsche Börse Group Deutsch or Deutsche may refer to: *''Deutsch'' or ''(das) Deutsche'': the German language, in Germany and other places *''Deutsche'': Germans, as a weak masculine, feminine or plural demonym *Deutsch (word), originally referring to the Germanic ve ...

, headquartered in

Eschborn Eschborn () is a town in the Main-Taunus district, Hesse, Germany. It is part of the Frankfurt Rhein-Main urban area and has a population of 21,488 (2018). Eschborn is home to numerous corporations due to its proximity to Frankfurt and relatively ...

with key locations in New York, Zug and London. STOXX calculates more than 10,000 indices and in addition acts as the administrator for the

indices. STOXX indices are licensed to

financial institution Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial inst ...

s and other users for use with exchange-traded funds (ETFs),

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV ...

future The future is the time after the past and present. Its arrival is considered inevitable due to the existence of time and the laws of physics. Due to the apparent nature of reality and the unavoidability of the future, everything that currentl ...

option Option or Options may refer to: Computing *Option key, a key on Apple computer keyboards *Option type, a polymorphic data type in programming languages *Command-line option, an optional parameter to a command *OPTIONS, an HTTP request method ...

structured product A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, and to ...

s, and other purposes.

History

STOXX Limited was formed in 1997 and in 1998 the first STOXX indices were launched. In 2000 STOXX was the first index provider to implement

free float In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...

market capitalization in all its indices. In December 2009

Deutsche Börse Deutsche Börse AG () or the Deutsche Börse Group, is a German company offering marketplace organizing for the trading of shares and other securities. It is also a transaction services provider. It gives companies and investors access to gl ...

and SIX Group became sole shareholders of STOXX after Dow Jones exited the joint venture. Shortly after STOXX renamed all indices by removing the "DJ/Dow Jones" prefix. In July 2010 STOXX became the marketing agent for Deutsche Börse and SIX Swiss Exchange indices. In 2015

purchased the remaining 49.9% shares of STOXX from SIX Group along with the remaining shares of the joint venture Indexium AG at a cost of 650m Swiss Francs. In 2019, STOXX was combined with Axioma Inc. to form Qontigo - a new investment intelligence company. Qontigo is headquartered in Eschborn, with key locations in New York, Zug and London.

Indices

The STOXX Index family represents a wide range of stocks covering different market segments and different investment strategies. On a regional level the indices initially covered Europe, the

Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polic ...

and

Eastern Europe Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, wh ...

. In 2011 STOXX expanded its index range by adding a consistent global index family for global regions and countries. STOXX calculates and distributes the well-known EURO STOXX 50, STOXX Europe 50, and STOXX Europe 600 indices, which are used as the underlying indices for numerous derivative financial instruments such as options, futures and index funds. Since 2013 with its GC Pooling index family STOXX offers a completely rules based interbank rate benchmark based on secured euro lending transactions. The

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centra ...

(ECB) uses the STOXX GC Pooling Indices as new euro secured benchmarks. In 2016, STOXX introduced its first fixed income index, the EURO STOXX 50 Corporate Bond Index. The index tracks the corporate debt of the EURO STOXX 50 companies. In 2018 STOXX launched its ESG-screened versions of more than 40 benchmarks that meet the standard responsible-investing criteria of leading asset owners. The suite offers ESG-X versions of global, regional and emerging markets benchmarks, including ESG-X versions of the EURO STOXX 50® and the STOXX® Europe 600. The ESG-X indices incorporate standard norm- and product-based exclusions that aim to limit market and reputational risks while keeping a low tracking error and a similar risk-return profile to the respective benchmark. In 2019 STOXX (now part of Qontigo) continued its focus on responsible-investing by launching a new family of ESG-X indices, EURO STOXX 50 ESG, and extended its thematic suite to include EURO iSTOXX® Ocean Care 40 and STOXX® Global Next Generation Telecoms. In 2020, STOXX (now part of Qontigo) introduced DAX 50 ESG and EU-Compliant Climate Benchmark Indices, which are designed to facilitate the shift towards a

low-carbon economy A low-carbon economy (LCE) or decarbonised economy is an economy based on energy sources that produce low levels of greenhouse gas (GHG) emissions. GHG emissions due to human activity are the dominant cause of observed climate change since the mi ...

and align investments with the Paris Climate Agreement.

ESG & Sustainability

Qontigo launched index solutions to allow investors meet their sustainability commitments and goals: *"Exclude" strategies - a category for seeking to raise the ESG profile of portfolios but maintain low tracking errors *"Enhance" strategies - a category for investors who wish to maximize their portfolios’ ESG profiles while maintaining benchmark exposure

References

External links

STOXX websiteBloomberg (EURO STOXX 50)Börse Frankfurt (EURO STOXX 50)Börse Frankfurt (STOXX Europe 50)
{{DEFAULTSORT:Stoxx Global stock market indices Deutsche Börse European stock market indices