STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that it has been named “The Most Innovative ETF Index Provider Europe 2013”. This is the fifth consecutive year that STOXX has received this award, which was presented at the 10th Annual ETF Global Awards Dinner and Workshop hosted by Exchangetradedfunds.com in New York on April 10th. Award winners were determined by votes cast in the industry and statistical rankings conducted by well-known ETF analysts, making the results an accurate representation of the views of the industry.
“It is a great honor for STOXX to be recognized as most innovative ETF index provider in Europe for the fifth time in a row, especially by such an established institution as the Global ETF Awards Dinner and Workshop, which was held for the 10th time this year,” said Hartmut Graf, chief executive officer, STOXX Limited. “Our most recent innovative index launches include the STOXX Strong Balance Sheet, STOXX Europe Low Beta High Div 50 and STOXX Global Broad Infrastructure indices.”
The STOXX Strong Balance Sheet Indices select stocks according to their Altman Z-Score, a quantitative measure for the financial and fundamental health of a company. The recently launched STOXX Europe Low Beta High Div 50 Index aims to select 50 companies from the STOXX Europe 600 which have a higher 12-month net dividend yield than the EURO STOXX 50 and the lowest 12-months beta to the same index, and was licensed to Deutsche Bank to be used as the basis of structured products. The STOXX Global Broad Infrastructure Index captures the performance of the largest companies in the global infrastructure industry. The index is licensed to FlexShares, managed by Northern Trust, as the basis for an exchange-traded fund (ETF).
There are currently 273 ETFs based on STOXX, DAX and SMI indices. As of July 2010, STOXX is the marketing agent for the indices of Deutsche Boerse AG and SIX.