Zurich (September 27, 2018) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, has licensed the EURO STOXX Multi Premia Index to Credit Suisse Asset Management as an underlying for an index fund. The index integrates the academic, research-based Multi Premia® methodology developed by Finreon, a spin-off from the University of St. Gallen in Switzerland.
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“By constructing this innovative index based on scientific research, we bridge the gap between academia and practical application. It has always been our approach to collaborate with clients, universities and best-in-class third parties to create an intelligent investment ecosystem,” said Inderpal Gujral, Head of Product, STOXX Ltd.
The EURO STOXX Multi Premia Index is derived from the seven EURO STOXX® Single Premium Indices, which systematically collect proven equity risk premia: value, size, momentum, residual momentum, reversal, low risk and quality. The underlying universe of the risk premia portfolios is the EURO STOXX® Index.
“The EURO STOXX Multi Premia allows for a broadly diversified participation in the general stock market performance of the Eurozone and enables you to benefit from seven, scientifically proven return sources. It thereby represents a very suitable core investment in European stocks,” said Dr. Ralf Seiz, CEO and founder of Finreon.
Credit Suisse Asset Management is the first to license the EURO STOXX Multi Premia Index for an index fund domiciled in Luxembourg.
Dr. Valerio Schmitz-Esser, head of Index Solutions at Credit Suisse Asset Management (Switzerland) Ltd said: “Because of its transparent construction and sound basis in financial theory the EURO STOXX Multi Premia Index combines the advantages of both a passive and an active investment. We make this index investable by replicating it physically, in our usual cost-efficient and precise manner.”