New Factor Indices Listed on Eurex

Eurex, the leading European derivatives exchange and one of the leading clearing houses globally, announced that it has listed new factor futures to offering - STOXX® Industry Neutral Ax Factor Indices which covers the European and US markets.

The products will be launched on 26 April as a response to growing investor demand for factor-based instruments, which allows investors to target researched and robust factor strategies relying on Axioma. 

The STOXX Industry Neutral Factor Indices are derived from two well-established market-capitalization regional benchmarks, STOXX® USA 500 Index and the STOXX® Europe 600 Index, which offers factor definitions and a consistent methodology across regions.

The indices track six styles: Value, Momentum, Size, Low Risk, Quality and Multi-Factor.

Commenting on this, Randolf Roth, Member of the Executive Board of Eurex said, “The extension of the segment follows demand from institutional investors to use factor futures for tactical overlay strategies. With the new futures, Eurex will for the first time provide a consistent factor-based offering across regions, which investors can use to manage global factor portfolios.”

At end of March, Fazzaco has reported Eurex decided to introduce further Total Return Futures (TRFs)​ on STOXX indices to meet growing demand.