Benchmarks

STOXX Ltd., part of the ISS STOXX group and a leading provider of benchmark and customized index solutions for global institutional investors, today announced an unscheduled adjustment to the MDAX. Following the spin-off of tk accelis Group AG & Co. KGaA from thyssenkrupp AG, an adjustment of the index is required.

Changes to the benchmark’s rules will be introduced in stages through 2029 and are aimed at making the index more representative of the market and quicker to react to investment trends. Based on backtested data, a STOXX analysis shows that the changes are likely to have little impact on the index’s sector allocation and performance.

Assets invested in passive ETFs tracking equity indices from all providers rose 17.7% to EUR 14.2 trillion in the three months through June, boosted by share prices and inflows. Funds tracking a STOXX or DAX index increased assets by 12.9% over the period, with thematic and factor strategies recording inflows.

STOXX Ltd., part of the ISS STOXX group and a leading provider of benchmark and customized index solutions for global institutional investors, has announced an unscheduled adjustment to the SDAX Index.

Changes to the benchmark’s rules were backed by industry respondents in a market consultation and will be introduced in stages through 2029. They aim to make the index more representative of the market and react faster to investment trends.

The German equity benchmark climbed 1.2% between the June and September index reviews, a slowdown from the 11.6% registered three months earlier. Investors bought shares in financial and software companies last quarter even as concerns about interest rates and geopolitics dominated markets.

Stocks fell in September as rising bond yields pressured equity valuations and raised concerns that economic growth could slow. US indices outperformed European ones over the month as technology stocks rose.

STOXX Ltd., part of the ISS STOXX group of companies and a global provider of innovative and tradable index concepts, today announced the results of the market consultation on proposed changes to the EURO STOXX 50 Index and its derived indices, as well as the STOXX Regional Blue-Chip Indices.

STOXX Ltd., part of the ISS STOXX group and a leading provider of benchmark and customized index solutions for global institutional investors, has announced an unscheduled adjustment to the SDAX Index.

The STOXX Focus indices build portfolios based on constituents’ geographic revenue sources rather than their country of domicile, providing a more accurate representation of regional risk at a time of rising geopolitical tensions and global trade frictions. BlackRock’s iShares has expanded an ETF suite tracking the indices with a pair of APAC ex-Japan strategies, adding to coverage of Europe and the UK.

As STOXX assumes administration and publication of the USD AXI and USD FXI credit-spread benchmarks, we revisit a recent article by Alex Roever, Senior Advisor to the SOFR Academy and former JPMorgan Head of US Rates Strategy, on why transparent, transaction-based credit-spread supplements can make the SOFR-centered system more resilient and provide greater visibility into emerging financial risks.

STOXX Ltd., part of the ISS STOXX group of companies, today announced the launch of the iSTOXX® USD Across-the-Curve Credit Spread Index (AXI) and the iSTOXX® USD Financial Conditions Credit Spread Index (FXI), in collaboration with SOFR Academy, Inc. The transparent, rules-based indices are designed to complement the Secured Overnight Financing Rate (SOFR).