AXA Launches European ETF

April 25, 2001 ( - AXA Investment Managers plans to list a new European exchange-traded fund (ETF) based on the Dow Jones Global Titans 50 index.

The EasyETF GLOBAL TITANS 50 will be based on the index of 50 of the world’s largest companies, and is expected to begin trading at Euronext today.

AXA claims this will be the first global index to be published 24 hours a day. And just before the EasyETF GLOBAL TITANS 50 was issued, the index was used as the basis for a futures contract.

Exchange-traded funds are “baskets” of securities similar to a mutual fund, except that they trade like individual stocks.