STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 Futures Roll Index has been licensed to Horizons ETFs Management (Canada) Inc. to serve as the underlying index for an exchange-traded fund (ETF) in Canada. The ETF is listed on the Toronto Stock Exchange today. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
Matteo Andreetto, chief executive officer, STOXX Limited, said:
With 81 million traded contracts in the third quarter of 2016, the EURO STOXX 50 futures contracts are the second most traded index futures contracts worldwide. The EURO STOXX 50 Futures Roll Index offers market participants an effective and transparent tool to participate from the returns of these highly liquid futures contracts through an index concept.
Steven Hawkins, president and co-chief executive officer at Horizons
ETFs Management (Canada) Inc., commented:
When we were looking for a European index solution for our clients, our first choice was to use the EURO STOXX 50 Index. In our view, it is the world’s best benchmark for large-cap Eurozone equities. We are very pleased to partner with STOXX Ltd. in providing index exposure to the EURO STOXX 50 Futures Roll Index, which we think is the optimal way for Canadian investors to get lowcost, correlated exposure to the total returns of the EURO STOXX 50.
The EURO STOXX 50 Futures Roll Index is available in a total return and excess return version in euro, and calculated at the end of day. Daily historical data is available back to Dec. 29, 2000.