Summary
The STOXX True Exposure Europe 50% Diversification Select 30 USD Index captures the performance of stocks with low correlation, low volatility and high dividends from the STOXX True Exposure Europe 50% Index.
The component selection process first excludes all stocks with the highest 12-months average correlation with all other stocks of the benchmark, then excludes stocks whose 3- or 12-month historical volatilities are the highest. Among the remaining stocks, the 30 stocks with the highest 12-month historical dividend yields are selected to be included in the index. The percentage of exclusion/inclusion at each step is the same.
Those constituents are weighted according to the inverse of their volatility, with a cap at 10%. The indices are reviewed quarterly.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Details
Top 10 Components
ORANGE | Telecommunications | FR |
ELISA CORPORATION | Telecommunications | FI |
ZURICH INSURANCE GROUP | Insurance | CH |
TRYG | Insurance | DK |
SAMPO | Insurance | FI |
EDP ENERGIAS DE PORTUGAL | Utilities | PT |
ENGIE | Utilities | FR |
TELEFONICA | Telecommunications | ES |
TELENOR | Telecommunications | NO |
CEMBRA MONEY BANK | Banks | CH |