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STOXX 50 gives Chinese investors access to Eurozone blue chips
By Ye Zhen |
February 27, 2013, Wednesday
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Online Edition
Online Edition
STOXX Ltd, a leading European index provider, yesterday signed an agreement with China Universal Asset Management Co to launch an exchange-traded fund (ETF) that tracks Euro STOXX 50 index and gives Chinese investors access to European firms.
The Euro STOXX 50 index replicates the performance of 50 blue-chip stocks in 12 Eurozone countries, including Philips, Siemens, BMW and Bayer.
"The introduction of Euro STOXX 50 ETF offers Chinese investors access to European blue chips and helps them to spread risks of investing only in domestic shares," said Lin Lijun, chief executive officer of China Universal Asset Management Co.
The Euro STOXX 50 index is linked to 45 ETFs worldwide and manages assets totaling 16.7 billion euros (US$21.8 billion).
The Euro STOXX 50 index replicates the performance of 50 blue-chip stocks in 12 Eurozone countries, including Philips, Siemens, BMW and Bayer.
"The introduction of Euro STOXX 50 ETF offers Chinese investors access to European blue chips and helps them to spread risks of investing only in domestic shares," said Lin Lijun, chief executive officer of China Universal Asset Management Co.
The Euro STOXX 50 index is linked to 45 ETFs worldwide and manages assets totaling 16.7 billion euros (US$21.8 billion).
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