STOXX Launches New Global Equity Benchmark Family | LeapRate
STOXX Ltd., which is part of the ISS STOXX group of companies, announced Wednesday the launch of the STOXX Investable Market Indices (IMI), a new index family designed to support cost-effective portfolio construction and benchmarking through a consistent, transparent and scalable framework.
The STOXX IMI offering is said to represent a global equity index family designed to capture approximately 99% of the investable equity universe, covering 23 developed and 23 emerging markets across large-, mid- and small-cap segments.
At launch, the family comprises more than 1,300 indices spanning global, regional and single-country exposures, underpinned by a single, consistent methodology and building-block architecture.
Axel Lomholt, General Manager at STOXX, stated that the launch introduces “a cost-effective new choice in the market” while further strengthening STOXX’s role as “a global partner for institutional investors,” providing robust, transparent benchmark solutions alongside the flexibility and tailored offerings institutional investors increasingly expect.
The framework has already been applied across several use cases. Dutch pension investor APG Asset Management sought a benchmark solution for a €20 billion emerging markets equity allocation combining broad exposure, transparency and sustainability integration.
Hans van Westrienen, Team Lead Quant & Index Solutions at APG, said the STOXX IMI framework “provides that flexibility within a consistent and robust structure.”
Swiss Life Asset Managers is also applying the framework for cost-efficient core exposures. Daniel Berner, Head Securities at Swiss Life Asset Managers, said STOXX IMI offers “a robust framework for accessing broad global equity markets through a transparent and investable approach,” adding that the firm sees “significant potential” for investors seeking scalable global equity benchmark exposures.
