Our global index offering provides investors with building blocks to slice and dice the world’s equity markets along region, country, size and sector while adhering to both consistent methodology and international benchmarking standards – leaving no gaps or overlaps in their coverage.
Key benefits
Representative
Broad yet liquid coverage of global large, mid and small cap companies that supports clients’ investment decisions
Transparent
A consistent and transparent methodology offering our clients flexibility in their preferences while fully embracing global standards of governance
Modular
Our tailored approach ensures the ability to specify markets and their segments to match our clients’ investment views and create highly targeted indices
In this interview, Axel Lomholt highlights that the STOXX World Equity index suite is ideally suited to serve as building blocks for targeted and customized indices. The STOXX World indices allow investors to combine a consistent view of world markets with analytics-enhanced strategies based on desired styles, sustainability factors or themes.
We caught up with Serkan Batir, Global Head of Index Product Development, to find out how asset owners, ETF issuers and investors can use the suite to derive portfolios targeting strategies. This is particularly true of ESG objectives, enabling clients to integrate the best datasets for each case.
Index methodology
The STOXX World AC* Universal All Cap Index aims to provide a broad universe that includes all investable stocks, ADRs and GDRs from all developed and emerging markets worldwide.
Large and mid-cap versions cover approximately 70% and 85% respectively of float-adjusted market capitalization. Numerous derived indices can be created by filtering the STOXX World AC Universal All Cap Index components on geographic region/country, capital markets (developed or emerging), size (large, mid or small), and/or sector. The component weights of the derived indices are market cap weighted unless specified otherwise.
Check out the full Methodology guide
* AC stands for All Countries
Key STOXX World Equity indices
Related news & research
STOXX Focus indices: Rethinking country exposure with a revenue-based lens (Update)
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.
USD AXI and FXI indices: Filling the credit-risk gap in a SOFR-based system
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 launches benchmark credit spread reference rates USD AXI & FXI in collaboration with SOFR Academy
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).