Index

4 May 2023 – Qontigo’s global index provider STOXX Ltd. has announced unscheduled component changes in the MDAX, SDAX and TecDAX indices.

The STOXX Global 1800 index rose 1.8% in dollars in April, and the STOXX World AC added 1.5%, following better-than-expected economic and business reports. There were gains across all regions, and Low Risk was the leading factor in the month.

Stocks rose in April following better-than-expected economic and earnings reports, and amid signs that inflation in key regions continues to cool.

EconSight’s sophisticated patent classification system helps determine which companies are likely to lead in future technological markets. The company’s indicators and deep know-how is employed in the stock selection process of the STOXX Global Metaverse index.

The index’s targeted focus allows investors to accurately capture one of the strongest-growing themes of late, as Gen Z and Asian consumers increase spending on luxury products.

Qontigo has licensed the STOXX® Europe Luxury 10 index to Samsung Asset Management, to serve as an underlying index for an inaugural ETF listing on the Korean Exchange. The index comprises ten of the largest European companies in the luxury goods sector, including some of the world’s most iconic premium brands: Dior, Hermès, LVMH and Moncler.

Despite its main association with online gaming and social media, the Metaverse is also providing a virtual platform for industries to employ technologies aimed at improving efficiency, controlling supply chains and monitoring risk-management processes. The STOXX Global Metaverse Index is designed to capture the pioneers developing those applications.

Axel Lomholt, Chief Product Officer for Indices & Benchmarks at Qontigo, explains how technology and data innovation are buoying thematic investing, and what it takes to be at the research frontline in thematic strategies.

A new whitepaper from Qontigo’s research team explores the benefits of constructing an exclusions portfolio with an optimizer, which helps limit active risk and frees up capital to allocate towards sustainability or performance objectives.

The STOXX Global 1800 index rose 3% in dollars and only 0.6% in euros in March. The Fed on March 22 increased its key borrowing rate by 25 basis points to the highest since 2007, but removed from a statement previous references to the need for “ongoing” rate rises.

Stocks rose in March, rebounding from losses in the month’s first half, as investors raised expectations the Federal Reserve may soon pause its interest rate hikes following the collapse of three lenders in the US.

Citigroup has expanded its suite of thematic structured products linked to STOXX indices that are adapted for participation products.