Underlying Index

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 ?
This follows the addition of Sundial to the North American Marijuana Index (the 'Index'), the underlying index of HMMJ.
Poor guidance by apparel retailers would also boost EMTY because those stocks account for 27.1% of the fund's underlying index. That index features no exposure to dedicated online retailers
AMLP seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index, which is a rules based, modified capitalisation weighted, float adjusted index.
The non-diversified investment fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Midstream Energy Select Index, which is a composite of North American energy infrastructure companies engaged midstream activities involving energy commodities.
Direxion Shares ETF Trust has announced the board of trustees has approved changes to the investment objective, investment strategy and underlying index of the Direxion Daily MSCI Real Estate Bull 3X Shares, Direxion Daily MSCI Real Estate Bear 3X Shares and Direxion Daily Pharmaceutical & Medical Bull 3X Shares, the company said.
High Yield Preferred Stock Index, the underlying index of Yuanta U.S.
This developed as Monzon said the PSE would already start charging license fees to collective investment schemes that track PSE indices or use the PSE indices as the underlying index for their fund.
The PSE will begin charging license fees to Collective Investment Schemes that track PSE indices or use the PSE indices as the underlying index for their fund.
The WisdomTree Yield Enhanced Global Aggregate Bond Fund tracks the underlying index which employs a systematic methodology to enhance potential yield at the sector and global level by taking advantage of opportunities that exist between currency blocks and abiding by disciplined risk constraints.
The main benefit to an investor is that you know the outcome as long as the criteria are met and you can get a very good return well ahead of the underlying index.
Underlying Index MSCI China Quality Index MSCI China Diversified Multiple-Factor Index
Of the 190 maturities, 136 exposed capital to the risk of loss from a counterparty bank failure or, the relevant underlying index, or measure (often the FTSE 100 Index) falling by, typically more than 40% over the product term.