Qontigo’s STOXX launches iSTOXX Top Citywire Fund Managers Index

Maria Nikolova

STOXX, in partnership with Credit Suisse, has created an index which uses an external data set provided by Citywire.

Qontigo’s global index provider STOXX Ltd, a part of Deutsche Börse, today announces the launch of iSTOXX Top Citywire Fund Managers Index. The index has been licensed to Credit Suisse as an underlying for both delta one and structured products.

This index does not use data from trading venues. For the first time, STOXX, in partnership with Credit Suisse, has created an index which uses an external data set provided by Citywire.

The index replicates the performance of a portfolio that invests in mutual funds run by fund managers who have shown better historical risk-adjusted performance compared to their peers and are rated high by Citywire. For each of the following four asset class segments, one fund is selected: Global Equity, Global High Yield, Global Fixed Income, Global Mixed Allocation. The index uses figures from the Citywire fund manager universe.

STOXX will be launching a series of indices together with Credit Suisse based on this dataset.

Roberto Lazzarotto, Senior Managing Director at Qontigo, explains:

“With this index we have launched quite an innovation: this is not only a first at STOXX, we are also at the forefront of systematic solutions. It proves our ability to develop index concepts beyond the traditional trading-related indices. We believe that all kinds of other use cases are possible if a high-quality data set is available. Our unique open architecture and strong operational teams enable us to take on sophisticated projects to serve the investment community.”

In September this year, Deutsche Börse launched Qontigo – a financial intelligence innovator and leader in the modernisation of investment management. This step followed the successful closing of the Axioma acquisition, announced earlier this year, and receipt of required regulatory approvals.

Qontigo combines Deutsche Börse’s STOXX and DAX and Axioma’s best-of-breed portfolio-construction and risk analytics tools, Qontigo addresses trends that are reshaping investment management. These include the growth of passive investing and smart beta, the modernisation of the investment management technology infrastructure to achieve efficiency and scale, and the transition towards customisation of investment solutions.

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