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 ?
He said an ETF with bonds as underlying indices would be suitable here, noting that in the Philippine context, government securities trading was very active in the primary and secondary markets.
Given the underlying indices for alternative-weighted products do not have the name recognition or track record of the traditional MSCI, S&P or Russell indices, education on their benefits (e.
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.
Distributors' product lines should include contracts with various underlying indices and methodologies that perform best in different market conditions.