EUROPE – Zurich based STOXX has launched two new investment style indices into Europe - the Dow Jones STOXX Growth and Value.
The indices, which are based on the Dow Jones STOXX Total Market Index (TMI), share the same methodology as the Dow Jones US Growth and Value index series, i.e. coverage, liquidity, transparency and style classification.
The new indices mean investors will be able to track European companies that share style characteristics and allow the European markets to be measured from three different perspectives : size, sector and style.
Non-growth / non-value are classified as neutral and excluded from style indices.
Says Scott Stark, managing director of STOXX : “The recent downturn in market sentiment has caused many investors to focus on the benefits of style investments.”