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STOXX Unveils Rare Earth Index
STOXX has rolled out a rare earth index to underlie exchange-traded funds and other investable products.
STOXXhasrolled out a rare earth indexto underlie exchange-traded funds and other investable products,Mondovisionereports. TheSTOXX Global Rare Earth Indexis designed to underlie ETFs and assess the performance of global equity portfolios.
The new index currently comprises 14 components and companies that generate at least 30% of their revenues in the rare earth sector worldwide. It will also capitalize on the growing importance of metals used in high-tech products, such as mobile phones, addsIndex Universe.
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