STOXX has launched a new currency hedged strategy index. The STOXX Europe 600 Hedged EUR Index will target investors seeking exposure to the STOXX Europe 600 Index and looking to lower the risk of currency fluctuations.
The new index is designed to act as a proper benchmark for actively managed funds and to underlie exchange-traded funds and other investable products. The index will mirror a hypothetical investment portfolio designed to represent the returns of the STOXX Europe 600 Net Return Index while hedging currency risk, but not the underlying constituent risk.
Click here for the release from STOXX.