Underlying Index

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Underlying Index

An index tracked by an investment vehicle. For example, an exchange-traded fund may track every stock traded on the New York Stock Exchange. In this case, the underlying index is the NYSE Composite.
References in periodicals archive ?
Exclusive to HedgeStreet are Hedgelets that let retail traders take views on unique, underlying indices, including the price of gas, real estate values, mortgage rates and inflation, as well as economic activities such as retail sales.
CBOE lists LEAPS on six other indices, based on 1/10th the value of their respective underlying indices.
Exclusive to HedgeStreet is a second category of Hedgelets that lets retail traders take views on unique, underlying indices like the price of gas, real estate values, mortgage rates and inflation, as well as economic activities such as retail sales.
CBOE also lists LEAPS on five other indices, based on 1/10th the value of their respective underlying indices.
These indices seek to simulate a volatility driven covered call strategy based on the eligible individual constituents of the underlying indices.
A criterion would also be devised for determining eligibility of the underlying indices on which option contracts would be offered by the exchange.
Historically, the three underlying indices have exhibited low correlation to each other, enabling the DBLCI Apex Index to generate potentially higher returns in all economic cycles.
Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products.
The 3X Leveraged Bull and Bear ETFs seek daily investment results of 300 percent and daily inverse results of 300 percent, respectively, of the price performance of their underlying indices.
Market Vectors Indices cover several asset classes, including commodity and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products.
The Performance of the Underlying Indices are Unpredictable: An investment in the ETNs is subject to risks associated with fluctuations, particularly a decline, in the performance of the underlying index.
We are delighted to provide the underlying indices for six new Market Vectors ETFs," said Lars Hamich, Chief Executive Officer at MVIS.