ZUG, Switzerland, April 29, 2021 /PRNewswire/ — Qontigo has licensed the EURO STOXX 50® Index to KBSTAR ETF, the ETF division of KB Asset Management, to serve as an underlying for an ETF listed on the Korea Exchange.
“Since the COVID 19 outbreak, local Korean investors’ interest in overseas assets have significantly increased. We believe that the EURO STOXX 50 index, as the benchmark for European markets, is also capturing more investors’ attention and will lead to retail investors’ direct investment in the ETF. In particular, the collaboration between KBSTAR ETF and Qontigo is expected to provide a compelling option to investors who are considering investing in Europe via individual pension accounts,” said Yung Gi Hong, Head of the Multi-Solution Division at KB Asset Management.
“We are very happy that we are now making further inroads into the Korean market and expanding the reach of our EURO STOXX 50 flagship index, which currently combines €32.3 billion in assets under management globally. The EURO STOXX 50 is the go-to index for investors who are looking for ways to track the largest companies in the Eurozone across a diverse range of sectors,” said Rick Chau, Head of Asia/Pacific at Qontigo.
The EURO STOXX 50 Index covers the 50 largest companies among the 20 ICB supersectors in terms of free-float market cap in eight Eurozone countries: Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands and Spain. The index has a fixed number of components and is part of the STOXX blue-chip index family. The index captures approximately 60% of the free-float market cap of the EURO STOXX Total Market Index (TMI). Its selection methodology ensures a stable and up-to-date index composition. Fast-exit rules ensure that the index accurately represents the performance of only the largest and most liquid companies in a sector.
About Qontigo
Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the company’s world-class indices and best-of-breed analytics, with its technological expertise and customer-driven innovation enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of STOXX, DAX and Axioma, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.
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STOXX Ltd., Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.
SOURCE Qontigo
