Zug (8 November 2018) – STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the iSTOXX® MUTB Global ex-Australia Quality Leaders 150 Index to leading Australian ETF company, Betashares as an underlying for an ETF. The index selects quality companies from the components of the broad STOXX Global 1800 ex Australia Index, based on fundamental indicators.
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“Our Global Quality Leaders ETF gives investors access to a cost-effective investment that they can use as a core portfolio allocation for international equities. We’re excited to be partnering with STOXX to bring this fund to the ASX, and have been impressed with the rigour and thoughtfulness displayed by STOXX in developing this index,” said Alex Vynokur, CEO of Betashares.
“The iSTOXX MUTB Quality Indices aim to capture the performance of quality companies with high profitability, low leverage and sustainable cash flows. Investors tend to be drawn to these companies during periods of economic contraction. The indices are available for different STOXX universes. The iSTOXX MUTB Global ex-Australia Quality Leaders 150 has a global approach, excluding companies based in Australia,” said Inderpal Gujral, STOXX Head of Product.
The iSTOXX MUTB Global ex-Australia Quality Leaders 150 Index selects quality companies from the components of the STOXX Global 1800 ex Australia Index, based on a combined screening and ranking of four fundamental indicators. The indicators used are profitability, leverage, cash flow generation ability and business stability. Stocks need to fulfill minimum liquidity criteria before being added to the index.