What is the NTX index?
The NTX stands for the New Europe Blue Chip Index and is a free float weighted price index. It’s listed on the Vienna Stock Exchange and consists of the 30 largest companies in Central, Eastern and South-Eastern Europe in a range of sectors, including banking, oil and gas and telecommunications.
Where have you heard about the NTX index?
The NTX was launched to provide a benchmark index for portfolio managers who invest in the central and eastern European region. Blue-chip stocks are attractive investments because they represent companies that are financially stable and offer good returns for investors.
What you need to know about the NTX index.
The index, which was launched by the Erste Bank and Vienna Stock Exchange in 2005. It includes companies from Austria, Poland, the Czech Republic, Hungary, Bulgaria, Croatia, Romania and Slovakia, but it is Austrian firms that feature most prominently though.
If you want to invest in Europe, instead of choosing individual stocks you can buy shares of an exchange-traded fund or index fund that tracks a blue-chip index such as the NTX.
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