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Stoxx to launch dividend points calculation product

Stoxx will launch the Dow Jones euro stoxx 50 DVP (Dividend Points), its first official calculation product that provides pure dividend data of the DJ euro stoxx 50 index, on June 16.

The DVP is licensed to derivatives exchange Eurex to serve as underlying of its DJ euro stoxx 50 Index Dividend Future, to be launched on June 30. “The DVP enables investors to hedge short selling of the DJ euro stoxx 50 Index and the possible resulting dividend impact," says Werner Buerki, chairman of the Stoxx supervisory board.

The DVP represents ordinary unadjusted gross cash dividends declared

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