Entry

Sunrise Auto1 Group Hensoldt Mapfre Mandatum TBC Bank Group SBM Offshore Loomis

Exit :

Umicore Covestro Neoen Soitec Canal+ Hargreaves Lansdown Travis Perkins Munters Group

The STOXX Europe 600 is a benchmark stock market index of the 600 largest European companies, based on their free float capitalization. Its arbitrage process is based on several criteria and a rigorous methodology, detailed in its methodology guide.

What are the arbitrage rules for the STOXX Europe 600?

Component selection

The index is made up of the 600 largest European companies selected from the STOXX Europe Total Market Index (TMI). Only a company's most liquid share is taken into account. A liquidity filter is applied: an average daily trading volume in excess of one million euros over three months is required.

Review frequency

The index is reviewed quarterly (in March, June, September and December). The cut-off date for securities valuation is the last trading day of the month preceding the review.

Selection methodology

The top 550 companies in the free float ranking are automatically selected. The remaining 50 places are awarded to the highest-ranked companies among the current components, located between the 551? and 750? position. If the total number of companies selected is still insufficient, subsequent companies are added until 600 components are reached.

Weighting factors

The index is weighted according to floating capitalization. A limit of 20% per component is applied to prevent any single company from dominating the index.

Exit and entry management

A removed company is replaced by the highest-ranked company outside the index. Fast Exit or Fast Entry is generally not applied, except in exceptional cases. Company spin-offs are included on a temporary basis before being evaluated according to the selection criteria.

(Source: STOXX Index Methodology Guide)