Euro Stoxx 50 rebalance hits dividends
Muted futures response as triple substitution sees high-yielding Pernod replaced by zero-div Argenx
One of the most dividend-dilutive rebalances for Euro Stoxx 50 in recent history has slashed expected annual payouts by more than four points, though derivatives referencing payouts saw a more muted response.
The August 29 cut-off for the annual rebalance of Europe’s primary equity benchmark resulted in three substitutions, which take effect on September 22. Stellantis, Nokia and Pernod Ricard will
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