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.

Read this next

Chainwire

PrimeXBT to democratise financial markets with total revamp and upgraded product offering

Leading Cryptocurrency broker, PrimeXBT, has just launched a total revamp of its brand, website, and all-in-one platforms, as part of its vision to “democratise the financial markets” and “make investing available to all”. 

Industry News

SEC’s Gensler reminds industry why T+1 is needed

“For everyday investors who sell their stock on a Monday, shortening the settlement cycle will allow them to get their money on Tuesday. Shortening the settlement cycle also will help the markets because time is money and time is risk.”

Industry News

Citi fined £61 million after $189 billion algo order by mistake

The regulator noted that some primary controls at Citi were absent or deficient. In particular, there was no hard block that would have rejected this large erroneous basket of equities in its entirety and prevented any of it reaching the market.

blockdag

Retik Finance Uniswap Listing Shocker: Why Presale Investors Are Abandoning $RETIK for BlockDAG’s Astounding 30,000x ROI

Explore how major influencers champion BlockDAG’s 30,000X ROI, overshadowing Retik Finance’s Uniswap listing and shifting investor focus.

blockdag

Crypto Influencer ‘Crypto Jogi’ Names BlockDAG the Leading Investment for 2024, Outshining Retik Finance Exchange Listing

Explore why ‘Crypto Jogi’ has singled out BlockDAG as the investment to watch in 2024, shifting focus from Retik Finance’s upcoming exchange listings.

blockdag

Over the Moon or Lost in Space? MoonBag Presale vs. Retik Finance and Pepe Coin

Discover why MoonBag presale is the best crypto presale 2024, surpassing Pepe Coin and Retik Finance with innovative features and high returns. Don’t miss out!

Digital Assets

Uniswap challenges SEC’s planned lawsuit over decentralized exchange

Decentralized finance (DeFi) exchange Uniswap is moving to address a looming regulatory spat with the U.S. Securities and Exchange Commission (SEC).

Digital Assets

Solana trader turns $2K into $2.26 million with 1DOL bet

The Solana ecosystem has proven to be a profitable environment for both savvy traders and lucky speculators. In line with this trend, memecoin trader invested 2,275worth of Solana (SOL) to buy a stash of meme coins, which then became worth $2.26 million in just eight hours.

Executive Moves, Uncategorized

Bitget appoints Gracy Chen as CEO

“I’m extremely honored to step into the role of CEO at Bitget. Over the past six years, we’ve built a robust foundation and an incredible team. Bitget has transformed into a leading crypto platform, consistently innovating to create value for our 25 million users. I’m excited to lead our global expansion to new heights.”

<