Stoxx, an index provider and creator of the European equity indices, has launched new country indices that represent all French, Italian and Spanish companies from the Euro Stoxx 50 Index.
The new country sub-indices of Euro Stoxx 50 Index are Euro Stoxx 50 Subindex France, Euro Stoxx 50 Subindex Italy and Euro Stoxx 50 Subindex Spain.
The sub-indices follow the same methodology as the Euro Stoxx 50 Index and are weighted by float-adjusted market capitalization, calculated in Euro and US dollar and available in price, gross and net return versions, according to the Stoxx.
Stoxx CEO Hartmut Graf said that the Euro Stoxx 50 Index is Europe’s most favored equity index, and valued worldwide for its rules based methodology, transparency and liquidity.
“The new Euro Stoxx 50 Country Subindices are derived from the Euro Stoxx 50 Index, thus offering market participants the same benefits on a single country basis,” Graf said.
Stoxx is owned by Deutsche Boerse and SIX Group.