The constrained version optimizes the benchmark index with respect to volatility, offering investors an improvement over the benchmark.
The unconstrained version provides a strategy index that is minimized for volatility but not restricted to follow a specific benchmark too closely.
The STOXX Minimum Variance indices are designed in cooperation with Axioma, combining Axioma´s factor model know-how with the STOXX`s index creation and calculation expertise. The indices are available for different regions and countries worldwide.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Top 10 Components
|Johnson & Johnson||Health Care||US|
|Merck & Co. Inc.||Health Care||US|
|Roper Technologies Inc.||Technology||US|
|Check Point Software Technolog||Technology||US|
|Republic Services Inc.||Utilities||US|
|Verizon Communications Inc.||Telecommunications||US|
|Costco Wholesale Corp.||Retail||US|
|Activision Blizzard Inc.||Consumer Products and Services||US|
|Gilead Sciences Inc.||Health Care||US|
Stocks extend rout in September as central banks tighten monetary policy further
The STOXX Global 1800 index dropped 9.3% in dollars last month, taking its retreat in 2022 to 25.5%. The Federal Reserve, European Central Bank and Bank of England increased the cost of borrowing in the month, with the first two hiking by a larger-than-average 75 basis points.