The STOXX blue-chip index represents a family of 50 largest companies among the 19 supersectors in terms of free-float market capitalization across 11 Eurozone countries, including Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The benchmark index captures about 60% of the total EURO STOXX TMI Supersector Index.
Sector weights include financials 23.4%, industrials 14.4%, consumer discretionary 11.2%, consumer staples 10.8%, health care 10.3%, information technology 7.1%, materials 6.1%, energy 5.9%, utilities 5.0%, telecom services 5.0% and real estate 0.9%.
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Top holdings including Total SA 4.5%, Siemens Ag 4.4%, Sanofi 4.1%, Banco Santander 3.9% and Bayer Ag 3.9%.
While these types of leveraged ETFs may help traders capitalize on short-term moves, investors should be aware of the risks and potential divergence between these geared products and their underlying assets over the long haul and during periods of heightened volatility.
For more information on new fund products, visit our new ETFs category.