ZURICH, Switzerland, Oct. 22, 2008 (GLOBE NEWSWIRE) -- STOXX Limited, the leading provider of European equity indexes, today announced that the Dow Jones EURO STOXX 50 has been licensed to Credit Agricole Structured Asset Management (CASAM) to serve as the basis for an exchange-traded fund available on NYSE Euronext Paris.
"The Dow Jones EURO STOXX 50 has become the leading pan-European index not only because of its rules-based and transparent methodology, but because it was the first index that included only Euro denominated stocks," said Werner Burki, chairman, STOXX supervisory board. "Therefore, it offers market participants a sophisticated benchmark for the euro zone."
"With the launch of our ETF on the Dow Jones EURO STOXX 50, we offer our clients simple, liquid and transparent access to equities in the euro zone," said Valerie Baudson, Managing Director, ETF development, Credit Agricole Structured Asset Management.
The Dow Jones EURO STOXX 50 Index was launched on February 28, 1998. It represents 50 supersector leaders in the 12 euro zone countries Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain. As of October 21, 2008, the index was up 188.51% since its inception.
The Dow Jones EURO STOXX 50 Index is weighted by float-adjusted market capitalization, and each component's weight is capped at 10% of the index's total free-float market capitalization. The index captures approximately 60% of the free-float market capitalization of the Dow Jones EURO STOXX TMI Index. Daily historical data are available back to December 31, 1986(1).
For more information on the Dow Jones EURO STOXX 50 Index please visit www.stoxx.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
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(1) The Dow Jones EURO STOXX 50 Index was first published on February 28, 1998. All estimated daily historical closing prices prior to that date are based on back-testing, i.e. calculations of how the index might have performed in the past if it had existed. Back-tested performance information is purely hypothetical and is solely for informational purposes. It does not represent actual performance, and past performance is not indicative of future results.