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iSTOXX Italy Small Mid Cap Index licensed to Sella SGR

Release date: 13 Feb 2020 | STOXX

iSTOXX Italy Small Mid Cap Index licensed to Sella SGR


Zug (Feb. 13, 2020) – Qontigo has licensed the iSTOXX Italy Small Mid Cap Index to the Italian asset manager Sella SGR. Sella will use the index for active management of their PIR Fund (Piano Individuale di Risparmio, long-term individual savings plans).

“The inclusion of the iSTOXX Italy Small Mid Cap Index, together with the STOXX Italy Total Market Index, offers the complete tool-kit in compliance with the Italian PIR Regulation in terms of minimum weight required for small and medium capitalization securities. STOXX already is our partner and we have been using STOXX indices as benchmarks in equity and balanced funds for many years now,” said Carmine Da Fermo, Deputy CIO at Sella SGR.

“Italy is one of the fastest growing markets in Europe for our business. The iSTOXX Italy Small Mid Cap Index is STOXX’s first index that covers the small and mid-cap market segments in Italy. We are proud to continue our partnership with Sella SGR to enhance transparency and investment in this Italian sector,” said Stephan Flaegel, Global Head of Indices & Benchmarks at Qontigo.

The iSTOXX Italy Small and Mid Cap Index is derived from STOXX Italy Total Market Index reduced by the constituents of the STOXX Italy 45 to provide a representation of mid and small capitalization companies in Italy. The index has a variable number of components (currently 51) and is reviewed quarterly. The index is weighted according to the free-float market cap of the selected stocks and no single weight should exceed 5% at review.

About Qontigo

Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the company’s world-class indices and best-of-breed analytics, with its technological expertise and customer-driven innovation enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of STOXX, DAX and Axioma, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.

About STOXX

STOXX Ltd. is Qontigo’s global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets. STOXX is the administrator of the STOXX® and DAX® indices under the European Benchmark Regulation and exercises control over all benchmark administration processes within Qontigo.
STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds.


Legal disclaimer: 
STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.

 

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