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ISTOXX INDICES

iSTOXX Europe Economic Growth Select 50

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Index Description

The iSTOXX Europe Economic Growth Select 50 Index aims at investing in liquid, low volatility and high dividend stocks from the STOXX Europe 600 Index. The 50 constituents are weighted according to an Economic Growth score defined as an exposure weighted average of the IMF’s GDP growth projection for the countries in which those companies generate their revenues. This way, companies with the highest exposure to countries with the highest estimated Economic growth, receive the biggest weight.

Key facts

  • Liquid universe
  • Balanced approach between the volatility and dividend screenings
  • Innovative weighting scheme whereby companies with the highest exposure to countries with the highest estimated Economic growth receive the largest weight

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX Europe Economic Growth Select 50 N/A 1.1 0.0 0.0 0.1 0.0 5.3 0.6 135.0
STOXX Europe 600 14,162.7 11,303.8 18.8 6.6 343.9 1.2 3.0 0.0 3.5

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX Europe Economic Growth Select 50 -1.7 8.7 11.5 13.6 15.9 N/A N/A 11.7 4.4 3.0
STOXX Europe 600 -1.6 5.2 10.5 13.9 39.3 N/A N/A 10.7 4.5 6.9
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Europe Economic Growth Select 50 N/A N/A 11.9 16.7 19.8 N/A N/A 0.6 0.1 0.1
STOXX Europe 600 N/A N/A 12.7 18.8 20.6 N/A N/A 0.5 0.1 0.3
Index to benchmark Correlation Tracking error (%)
iSTOXX Europe Economic Growth Select 50 0.9 0.9 0.9 0.9 0.9 7.1 6.7 6.6 7.9 8.1
Index to benchmark Beta Annualized information ratio
iSTOXX Europe Economic Growth Select 50 0.9 0.8 0.8 0.8 0.9 -0.2 0.5 0.1 -0.1 -0.5

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Gross Return), all data as of November 29, 2024

ISTOXX INDICES

iSTOXX Europe Economic Growth Select 50

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
iSTOXX Europe Economic Growth Select 50 12.3 9.4 11.0 11.0 1.1 7.1 0.5 6.7
STOXX Europe 600 17.8 14.0 15.9 15.9 2.0 3.5 1.3 -80.8

Performance and annual returns

Methodology

The index universe is defined by all stocks from the STOXX Europe 600 Index. Stocks considered for selection must have a 3-month ADTV exceeding 3 million EUR, and suspension from trading for not more than 10% of the total trading days.
All eligible stocks are sorted in ascending order in terms of volatility (maximum between the 3-month and 12-month historical volatility) and those that do not belong to the top x% are excluded from the selection process (x being calculated as the square root of 50 divided by the number of eligible stocks).
All selected stocks are ranked in descending order in terms of 12-month historical dividend yield and the highest ranked 50 stocks are selected for the final index, and weighted according to their normalized GDP score. This is calculated by summing the products of the percentage of revenues the company is generating in every different country it operates times the projected (according to the IMF) GDP growth for that country in the next year.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0360332438 SXEEGSGR SXEEGSGR INDEX .SXEEGSGR
Net Return EUR CH0360332461 SXEEGSR SXEEGSR INDEX .SXEEGSR
Price EUR CH0360332412 SXEEGSP SXEEGSP INDEX .SXEEGSP
Price USD CH0360332420 SXEEGSL SXEEGSL INDEX .SXEEGSL
Gross Return USD CH0360332446 SXEEGSGV .SXEEGSGV
Net Return USD CH0360332453 SXEEGSV .SXEEGSV

Quick Facts

Weighting Normalized GDP score
Cap Factor 5%
No. of components 50
Review frequency Quarterly
Calculation/distribution Price: real-time (every 15’’), Net and Gross Return: end-of-day. Currency: EUR and USD
Calculation hours Real-time: 09:00 CET – 18:00 CET
Base value/base date 100 as of Apr. 2. 2007
History Available daily back to Apr. 2. 2007
Inception date 05. Apr. 2017
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
RIO TINTO Basic Resources UK 5.278%
TELENOR Telecommunications Norway 3.997%
CEMBRA MONEY BANK Banks Switzerland 3.483%
ZURICH INSURANCE GROUP Insurance Switzerland 3.365%
BMW Automobiles and Parts Germany 3.331%
SWISS REINSURANCE COMPANY Insurance Switzerland 3.200%
ENDESA Utilities Spain 2.937%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 2.927%
REPSOL Energy Spain 2.854%
Redeia Corporacion Utilities Spain 2.743%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of November 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.