09/06/2009 Stoxx expands Pure Dividend Point Calculation Series

STOXX Limited, launched the Dow Jones EURO STOXX Select Dividend 30 DVP (Dividend Points), a calculation …

product that measures dividend data of the Dow Jones EURO STOXX Select Dividend 30 Index.
The Dow Jones EURO STOXX Select Dividend 30 DVP is licensed to Eurex, a leading international derivatives exchange, to serve as underlying of Index Dividend Futures on the Dow Jones EURO STOXX Select Dividend 30 Index, to be launched on June 19.
«Transparency of dividend point calculations has become increasingly important for market participants who seek to take outright views on dividends or manage dividend exposures. With the introduction of the Dow Jones EURO STOXX Select Dividend 30 DVP, market participants can now isolate and manage the dividend component of the Dow Jones EURO STOXX Select Dividend 30 Index, one of the major indexes for the euro zone. This new product is another example of how STOXX provides innovative and cutting-edge index products to the market,» said Ricardo Manrique, chief executive officer, STOXX Ltd.
Peter Reitz, member of the Eurex executive board, said: “Separate indexes on dividend streams of major equity indexes have enabled investors to segregate trading and hedging of dividends into a separate asset class. Our new future based on the dividend points of the Dow Jones EURO STOXX Select Dividend 30 Index will improve risk management possibilities and increases transparency for one of the principal determinants of equity values.”
The Dow Jones EURO STOXX Select Dividend 30 DVP represents ordinary un-adjusted gross cash dividends declared and paid by the individual components of the Dow Jones EURO STOXX Select Dividend 30 Index and withholding taxes of special cash dividends and capital returns as applied to the individual constituent members of the Dow Jones EURO STOXX Select Dividend 30 Index.
Historical data is available back to December 31, 2004. The Dow Jones EURO STOXX Select Dividend 30 DVP is calculated end of day and disseminated in real-time.
STOXX has been calculating the Dow Jones EURO STOXX 50 DVP, its first official calculation product that measures dividend data of the Dow Jones EURO STOXX 50, since June 2008.

Source: ETFWorld.com – STOXX Limited