Austria’s Erste Bank has launched a new index covering the largest central and eastern European stocks traded on the Vienna stock exchange.
The New Europe Blue Chip Index focuses exclusively on EU convergence markets in central Europe, excluding Russia and Turkey. It contains 30 stocks at launch. The index will be regularly adjusted, a process Erste Bank CEO Andreas Treichl describes as “very important to investors in such a dynamic region”.
Austrian stocks constitute, at 40%, the largest component at launch.
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