STOXX, the provider of global index concepts, has launched the EURO STOXX 50 Equal Weight Index. The company has licensed the new index and the existing STOXX Europe 600 Equal Weight Index to Ossiam, the asset management start-up part-owned by France’s Natixis group, to underlie two exchange-traded funds (ETFs). All components in the new index share an equal weight, which leads to an increased exposure to smaller index components. The STOXX Europe 600 Equal Weight Index is reviewed at the same time with the STOXX Europe 600 Index on a quarterly basis in March, June, September and December and is calculated in Euro and U.S. dollar.
Click here for the release from STOXX.