Morningstar has announced it is currently engaged in the creation of a suite of European blue-chip equity indices, designed to be competitive alternatives to existing products. The indices are intended to serve as the basis for future investable product creation, including new ETFs.

Sanjay Arya, Global Head of Morningstar Indices.

The new Morningstar indices will form part of the Morningstar Global Index Family, and seeks to meet industry demand for new business model solutions via low cost licences.

Sanjay Arya, Global Head of Morningstar Indices, said: “Morningstar’s mission is to create great products that help investors reach their financial goals. Our indices practice is an extension of that mission.”

In addition, Morningstar has announced it has entered into a strategic collaboration with Euronext, whereby Euronext will launch risk management tools based on the new indices.

Stéphane Boujnah, CEO and Chairman of the Managing Board, Euronext said: “This agreement with Morningstar is part of our ‘Agility for Growth’ strategy aimed at diversifying and strengthening our index offering in Europe. The Euronext Group is well positioned to meet rising demand for these products from clients at a time when the European market is actively seeking new business models. Working closely with our clients lets us deliver innovative solutions to the industry as a whole.”

“Our collaboration with Euronext is designed to help investors gain accessible, consistent exposure to European markets with tools to manage risk in their portfolios,” said Arya.