EURO STOXX Small Index licensed to State Street Global Advisors

STOXX Limited, announced  that the EURO STOXX Small Index has been licensed to State Street Global Advisors for an exchange-traded fund, which will be listed on New York Stock Exchange….

Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy

It is the first time that the EURO STOXX Small Index will underlie an ETF listed in the United States.

“As European financial markets seem to  be on the mend, US investors have picked up their investment allocation into European equities tremendously. For example, assets tied to the SPDR EURO STOXX 50 have doubled since the beginning of 2013,” said Hartmut Graf, chief executive officer, STOXX Limited. “By licensing the EURO STOXX Small to State Street Global  Advisors  as underlying for an ETF, market participants in the US will now also be able to participate from the performance of Euro zone small caps, which typically are associated with attractive valuations and higher growth potentials.”
“European small cap companies may benefit from the optimism about recovery in Europe,” said James Ross,  executive vice president and global head  of SPDR Exchange Traded Funds at State Street Global Advisors. “The latest addition to our product range, which is based on the EURO STOXX Small Index, gives access to these companies and is an opportunity for investors to diversify European equity holdings.” 
The EURO STOXX Small Index is derived from the STOXX Europe Small 200, and represents the Euro zone small cap stocks out of the STOXX Europe 600.  The index covers twelve Euro zone countries:  Austria, Belgium, Finland, France,  Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and
Spain. It currently contains 96 components.
Launched in October 1999, the EURO STOXX Small Index is calculated in  price, net and gross return versions and available in euro and US dollar. Daily historical data  for the price and net return versions is available back to Dec. 31, 1986, and back to Dec. 31, 2000 for the gross return version. 

Source: ETFWorld.com