Index / ETFs

STOXX Ltd., part of the ISS STOXX GmbH group of companies and a leading provider of benchmark and custom index solutions to global institutional investors, today announced an unscheduled component change in the SDAX index.

The German blue-chip benchmark’s largest component has had its weight capped at 15%, a limit designed to preserve the index’s diversification. A STOXX analysis finds that the impact from index trackers selling the shares due to the cap is relatively small, and more so compared to that of active funds observing caps imposed by European regulation.

Stocks fell for the first month in six in October as earnings disappointments from technology companies and rising bond yields drove investors to take profits from this year’s rally.

STOXX Ltd., part of the ISS STOXX GmbH group of companies and a leading provider of benchmark and custom index solutions to institutional investors, has licensed the STOXX Europe Total Market Aerospace & Defense Index to Tuttle Capital Management, LLC. for its Select STOXX Europe Aerospace & Defense ETF (EUAD).

Arun Singhal, global head of product management at STOXX, speaks to ETF Stream Editor Theo Andrew about why flows are returning to European equities, and the role indices play.

STOXX uses a lifecycle framework to identify investable themes based on their conceptual and business evolution. Depending on the point in that cycle, either patents and/or revenues may provide the best signal to select the key contributors and main beneficiaries of that theme.

Stocks gyrated in August, with benchmarks ending in positive territory for the month, as concern about a US economic slowdown was outweighed by optimism that interest rates will be cut this month. The STOXX World AC index rose 2.6% last month when measured in US dollars and including dividends, taking its 2024 gain to 16.4%. The STOXX Global 1800 index added 2.8% in the month.

STOXX Ltd. has announced an unscheduled component change in the SDAX index.

STOXX Ltd. has announced an unscheduled component change in the SDAX index.

The TecDAX index has tracked the performance of German technology stocks since 2003. Through a broad yet focused industry taxonomy, the index covers companies with a core technology business across multiple industries.

A year ago, Invesco switched the underlying strategies for three US-listed ETFs that target technology themes to three STOXX indices. Since then, the ETFs have shown very strong performance as investors expect companies exposed to those themes to benefit from increasing demand in new technologies.

STOXX Ltd. has announced the new composition of the DAX blue-chip indices.