EURO STOXX 50, DAX Secures iShares Licensing, Extending to Hong Kong

The licensing looks to capture a growing market share of traders on the HKEx.

STOXX Ltd., the operator of Deutsche Börse’s Group’s index business, has seen its leading EURO STOXX 50 index and the DAX achieve licensing to iShares, which will serve as the underlying for two exchange-traded funds (ETFs) in Hong Kong, according to a Deutsche Börse statement.

The EURO STOXX 50 Index was originally launched back in 1998 and has since grown into one of the exchange’s most widely traded instruments. Presently, the index represents a total of fifty supersector leaders across a panel of twelve eurozone countries. One of the index’s draws is its versatility and resilience in the market, which is garnered by a free-float market cap, with each component’s weight capped at 10% of the index’s total free-float market cap.

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The licensing is significant namely as iShares constitutes one of the most widely traded ETF funds in the market, which will extend to a large number of new traders via the Hong Kong Stock Exchange (HKEx). The EURO STOXX 50 Index and the DAX have remained pillars of index trading in Europe, which Deutsche Börse hopes to extend to the Southeast Asian market.

According to Matteo Andreetto, CEO of STOXX Limited, in a recent statement on the licensing: “We are pleased that the offering for STOXX’s and Deutsche Börse’s flagship indices is expanded in Hong Kong. The EURO STOXX 50 and DAX indices provide market participants globally with access to the performance of the key Eurozone and German blue-chip companies.”

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