Published On: Fri, Jun 17th, 2016
ETF | By Steve

EURO STOXX 50 Index To Underlie Exchange-Traded Fund In Taiwan

Julian Liu, president and chief executive officer, Yuanta SITC

Julian Liu, president and chief executive officer, Yuanta SITC

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 Index serves as the underlying for an exchange-traded fund (ETF) in Taiwan. The index has been licensed to Yuanta Securities Investment Trust Company (Yuanta SITC), the largest mutual fund company in Taiwan, in September 2015.

“Today marks a big step for us as we further strengthen our presence in the Asian market. The EURO STOXX 50 Index is the leading blue-chip index for the Eurozone,” said Matteo Andreetto, chief executive officer, STOXX Limited. “Our transparent and rules-based flagship index provides market participants globally with access to the performance of the key Eurozone equities, now also available to Taiwanese market participants.”

“We are delighted that the offering for STOXX’s flagship index EURO STOXX 50 is expanded in Taiwan. This is an important development for us in our Asian expansion path and shows our commitment to the region,” said Shirley Low, head of Asia Pacific, STOXX Limited.

“Yuanta has always been the pioneer in providing holistic and comprehensive index investment solutions for Taiwanese investors and we strongly believe that through our cooperation with STOXX, we can deliver European market exposure to local investors. With the debut of the EURO STOXX 50 Index as the underlying for an exchange-traded fund in Taiwan, we set another milestone by expanding our global investment offerings.” said Julian Liu, president and chief executive officer of Yuanta SITC.

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