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.
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.
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.
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 pleased to offer investors in Canada access to products that offer exposure to USD underlying indices, while mitigating currency risk," said Johnny Wu, Head of Investor Solutions, Americas, at Barclays.
We are delighted to provide the underlying indices for six new Market Vectors ETFs," said Lars Hamich, Chief Executive Officer at MVIS.
The underlying indices for the new Market Vectors ETFs seek to represent the most liquid stocks within that particular industry.