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 ?
The first batch of DLCs issued by Societe Generale will consist of 10 products, including Long and Short DLCs offering fixed leverage of three or five times the daily returns of the underlying indexes, namely MSCI Singapore, Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI).
In September of 2015, John Hancock Investments launched six strategic beta John Hancock Multifactor ETFs, with underlying indexes designed by Dimensional Fund Advisors LP, a company regarded as a pioneer in strategic beta investing.
There's a high degree of variability across the underlying indexes that these types of strategies track.
In a nutshell investors must look to the underlying indexes on which these funds are based and determine whether they represent the latest fad or a sound research-based way of approaching a defined segment of the equity market.
Structured notes appeal to some wealth managers because they will always outperform their underlying indexes in a down market, due to the downside buffer, and will outperform a rising market if the market increase is less than the cap.
Growth caps are not applied to the individual underlying indexes prior to the hindsight and overweighting calculation.
TSE said it hopes the 17 new indexes will be utilized in the future as the underlying indexes for financial products such as exchange traded funds.
The performance of business critical applications often hinges on the efficiency of its SQL statements and the underlying indexes.
There is no guarantee that the Fund itself, or each of the ETFs in the Fund's portfolio, will perform exactly as their underlying indexes.
In September of 2015, John Hancock Investments launched six strategic beta John Hancock Multifactor ETFs, with underlying indexes designed by Dimensional Fund Advisors LPa company regarded as one of the pioneers in strategic beta investingin line with Dimensionals time-tested factor-based approach.
As with the six ETFs that John Hancock Investments launched in September 2015, Dimensional Fund Advisors LP--a company that engages in strategic beta investing--was selected to design the underlying indexes for the five new sector funds, based on Dimensional's time-tested factor-based approach.
Differences between the underlying indexes within a given segment of the market were relatively small and had only minor impacts on relative performance.