Dow Jones Indexes launches two indices

Dow Jones Indexes and Stoxx have launched two indices that will serve as the basis for two ETFs.

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The EasyETF DJ Luxury and EasyETF Stoxx 600 are available for investment through Euronext.

The Dow Jones Luxury index has been designed to measure the market performance of companies worldwide that receive a large portion of revenues from providing luxury goods and services.

The index tracks the performance of 30 companies selected by editors of The Wall Street Journal and is weighted by float-adjusted market capitalisation, with component weights capped at 10 per cent of the index.

Composition changes to the index are made on an as-needed basis, while share numbers and float-adjustment factors are updated quarterly.

The Dow Jones Stoxx 600 index has been licensed to BNP Paribas and provides investors with exposure to the core European markets.

It aims to provide a "broad yet liquid" representation of large, mid and small-cap companies in 18 European countries.

The index covers companies in Austria, the UK, Denmark, Finland, France, Germany, Greece, and Ireland.

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