We sure do love a good collab. 1998 was a fine year. And in 1998, Deutsche Boerse AG, Dow Jones, and the SWX Group released one of the hottest collaborations ever. They called it STOXX. The two x’s make it exxtra hip.
“STOXX” is a family of indexes that track a bunch of global markets, though their main focus is on the European markets. So...how many indexes are we talking? About 9,000, give or take. Nope, not a typo. Nine thousand indexes. Which is a lot.
There are two important things to know about STOXX. First, these indexes cover a ton of different industries, markets, types of securities, etc. Looking for a blue chip index? STOXX has got you. More interested in just checking out environmentally responsible securities? STOXX has got you there, too. Bored of companies and want to invest in an actual country instead? STOXX…yeah, you get it.
The second thing we need to know is that we can actually trade these indexes on options and futures exchanges. They’ve got three different indexes—EURO STOXX 50, STOXX Europe 50, and STOXX Europe 600, which all sound like NASCAR races—that are used as the underlying index for a bunch of futures, options, ETFs, and index funds. So if we’re feeling like our portfolio could use a little European flair, it might be worth introducing ourselves to the STOXX family.
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Finance: What is the Dow Jones Industria...2710 Views
finance a la shmoop- what is the Dow Jones Industrial Average? well it's just
an index. it's a basket of 30 industrial stocks hence the catchy industrial word [list of the 30 stocks involved in the Dow]
in there and it was started in 1896 by Charles Dow and Edward Jones sort of the
Coke and Pepsi of stock averages in the day .worth noting is the fact that while
the Dow average is quoted often in the press it's not something that real Wall
Street traders really rely on that much as a market place holder anymore. why?
well because the Dow comprises only 30 stocks. it isn't really a broad market [Dow Jones in the trash]
representation, and you know the way the S&P 500 is the 500 is bigger than 30. Big
Brother has way more stocks and is thus way more liquid than the relatively
blippi set of 30 stocks that the Dow offers. over time the Dow has changed as
companies were bought and/or died and or just withered and became no longer
relevant. i.e. newspaper industry. which means that this thing has gone through
more faces than Kanye West .yeah. [Kanye West faces pictured]
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