ZUG, Switzerland, April 25, 2022 /PRNewswire/ — Qontigo has cleared STOXX® UNITED STATES ETF Industry Index to Kiwoom Asset Management in Korea to be used as an underlying for an exchange-traded fund (ETF). This new index is the first to track the US ETF market using a thematic approach.

The index identifies US companies that stand to benefit from the growth of the ETF market globally, including companies involved as ETF issuers, trading venues and index providers.

“ETFs have been the fastest growing investment vehicle in recent years, and we expect this global trend to continue as more investors seek out ETFs for their convenience, and their transparency.Amidst this trend, we are very excited to launch an ETF that is the first of its kind in South Korea and which provides exposure to US companies that dominate the burgeoning ETF industry around the world. Beyond this second collaboration with Qontigo, we expect many more innovative products to come out of this partnership,” said Kihyun KimInvestment Director at Kiwoom Asset Management.

“The ETF industry uses indices to construct its products, and we have in turn constructed an index that reflects the growth of the ETF industry. We are proud to say that this fund is the first of its kind, and we look forward to a future collaboration with Kiwoom Asset management,” said Rick Chauhead of Qontigo Asia Pacific.

The STOXX UNITED STATES ETF Industry Index is comprised of 20 US companies exposed to the global ETF ecosystem. FactSet Revere (RBICS) data allows for a detailed breakdown of eligible companies’ sources of revenue, helping the index gain precise exposure to the targeted theme. The index universe is defined by all stocks included in the STOXX UNITED STATES Overall market index.

This index is the latest addition to Qontigo’s wide range of STOXX thematic index solutions. Learn more.

About Qontigo

Qontigo is a leading global provider of innovative index, analytics and risk management solutions that maximize the impact of investments. As the transition to sustainable investing accelerates, Qontigo enables its clients – issuers of financial products, asset owners and asset managers – to deliver sophisticated and targeted solutions at scale to meet sustainability goals. increasingly demanding and unique from investors around the world.
Qontigo’s solutions are enhanced both by our customer-centric collaborative culture, which allows us to create tailored solutions for our customers, and by our open architecture and modern technology, which integrates effectively with our customers’ processes. .
Part of the Deutsche Börse group, Qontigo was created in 2019 by the combination of Axioma, DAX and STOXX. Based in Eschborn, GermanyQontigo’s global presence includes offices in New York, LondonZug and hong kong.
www.qontigo.com

About STOXX

STOXX Ltd. is the global index provider of Qontigo, which currently calculates a global and comprehensive index family of approximately 13,000 strictly rules-based and transparent indices. Best known for the major European stock indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global family of indices which consists of total, broad and prime market indices for the Americas regions, Europe, Asia Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.
STOXX is the administrator of the STOXX® and DAX® indices under the European Benchmark Regulation and exercises control over all benchmark administration processes within Qontigo.
STOXX indices are licensed to more than 600 companies worldwide as the underlyings of exchange-traded funds (ETFs), futures and options, structured products and managed investment funds. passive.

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STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers make no warranties or representations, express or implied, with respect to timeliness, sequence, accuracy , completeness, timeliness, merchantability, quality or fitness for a particular purpose of its index data and excludes all liability in this respect. STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers do not provide investment advice through or in connection with the publication of indices. In particular, the inclusion of a company in an index, its weighting or the exclusion of a company from an index in no way reflects an opinion of STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of this company. Financial instruments based on STOXX® indices, DAX® indices or any other index supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.

SOURCEQontigo