Stoxx index to underlie new exchange-traded fund

The ETF will be listed on Deutsche Börse today. It joins several existing funds already based on the index which are listed across Europe and in the US, from providers including Easy ETF and iShares. ETFlab has already launched a fund based on the Dow Jones Eurostoxx 50, which includes companies from the eurozone.

The index is weighted by float-adjusted market capitalisation, with the maximum set at 10% of the index's total value for each constituent. It is rebalanced every September.

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