DAX Licensed To Fortune SG Fund Management Co. For First Passive Index Fund To Become Available In China
“DAX is one of the most attractive underlyings for financial products worldwide as it represents the top companies in one of Europe’s strongest economies. As a fully rules-based and objective index of leading German stocks, it provides market participants with the transparency and stability they require in an indexed investment,” said Hartmut Graf, chief executive officer, STOXX Limited.
STOXX Ltd. is the marketing agent for the indices of Deutsche Börse AG and SIX, including the DAX and SMI indices. Asia is a major focus for STOXX. The most recent accomplishments in the region are the licensing of the STOXX Global 1800 Minimum Variance Unconstrained and STOXX Global 1800 ex Japan Minimum Variance Unconstrained indices to Resona Bank and the EURO STOXX 50 Hedged JPY Index to Nomura for passive funds in Japan.
“Local investors’ interest in investing in overseas markets is increasing dramatically in China because high net value individual investors now need to allocate their assets on a global level. Germany is the main strength of the Eurozone’s growth so it has the potential to be a focus of Chinese investors’
attention in the future,” said Huang Xiaoyi Helen, chief executive officer.