Summary
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.
Details
Top 10 Components
| Japan Tobacco Inc. | Food, Beverage and Tobacco | JP |
| Church & Dwight Co. | Personal Care, Drug and Grocery Stores | US |
| Hershey Co. | Food, Beverage and Tobacco | US |
| SWISSCOM | Telecommunications | CH |
| Uni-Charm Corp. | Personal Care, Drug and Grocery Stores | JP |
| Singapore Telecommunications L | Telecommunications | SG |
| Sun Hung Kai Properties Ltd. | Real Estate | HK |
| BCE Inc. | Telecommunications | CA |
| Lamb Weston Holdings Inc. | Food, Beverage and Tobacco | US |
| Oversea-Chinese Banking Corp. | Banks | SG |
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The STOXX Global 1800 index gained 7.9% in dollars last month, its best monthly showing since November 2020. The index is still down 14.4% in 2022.
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The global benchmark plunged 8.7% in dollars last month, wrapping up its worst month and quarter since the COVID-19 pandemic hit in the first quarter of 2020. The index is down 21% so far in 2022.
Stocks achieve narrow gain in May despite lingering interest rate concerns
The STOXX Global 1800 index rose 0.1% in dollars last month, paring an earlier decline of as much as 5.6%. Value and high-dividend stocks rise, but most other strategies struggle as investors contend with the prospect of higher interest rates.
Stocks tumble most since 2020 in April amid interest-rate concerns
The STOXX Global 1800 index fell 8.2% in dollars last month, taking its retreat in 2022 to 13.2%. US technology shares slumped 12.9% in month, the worst showing since November 2008.
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The STOXX Global 1800 index rose 2.7% in dollars last month, with basic-resources and energy companies leading gains for a second consecutive month. The benchmark is still down 5.5% for 2022.
Stocks drop in February amid military conflict in Ukraine
The STOXX Global 1800 index fell 2.6% in dollars last month, with only basic-resources and energy companies posting a positive return among 20 sectors. Climate indices struggle to match benchmark returns, while factor, dividend and minimum-variance strategies outperform.
Stocks tumble in January amid expectations of higher US rates
The STOXX Global 1800 index fell 5.5% in dollars and 4.1% in euros last month, the worst January since 2016, as investors assessed the potential impact of interest-rate hikes by the Federal Reserve. US, Momentum and Quality shares led losses, while dividend and Value stocks appeared as relative winners.