NYSE Euronext launches equal weight versions of AEX® and CAC 40®
NYSE Euronext launches equal weight versions of AEX® and CAC 40®
NYSE Euronext (NYX) announced the launch of two new equal weight indices based on the European national blue chip indices, the AEX® and the CAC 40®. The AEX® Equal Weight and the CAC 40® Equal Weight are designed to be underlying for Exchange Traded Products (ETPs), by providing investors with an additional strategy of investing in NYSE Euronext blue chip securities.
All constituents of the equal weight indices will have the same weight at the review dates. This means that in the equal weight indices the stock with the smallest market cap in the underlying index will have the same weight as the stock with the largest market cap in this index. This offers investors a chance to invest in a proven equal size methodology.
“The launch of the new indices expands upon our offering of indices based on NYSE Euronext’s blue chip market indices, allowing investors and exchange traded product issuers new ways to invest in the AEX® and CAC 40® securities” says George Patterson, Head of Global Index design, Global Index Group, NYSE Euronext.
