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Deutsche Börse has further expanded its international index family offering. Investors can participate in the growth of the African economy with the DAXglobal® Africa Index. The DAXglobal Vietnam Index tracks the performance of the 20 largest stocks traded on the Ho Chi Minh Stock Exchange.
70 percent of the DAXglobal Africa Index consists of companies from Africa’s emerging markets. These include Nigeria (with a share of 30 percent), Egypt (26 percent) and Morocco (14 percent). In addition, the Africa Index is comprised of companies from South Africa and companies that have their registered offices in G7 countries and generate at least 50 percent of their turnover in Africa.
The DAXglobal Africa Index represents a total of 50 companies from the Financials, Telecommunication Services, Materials, Industrials, Consumer Goods and Energy sectors. A historical back-calculation of the index’s performance shows 431 percent (30 percent p.a.) from September 2001 to 2008.
Another new addition to the international index family is the DAXglobal Vietnam Index. It tracks the 20 largest and most liquid companies traded on the Ho Chi Minh Stock Exchange. The stocks have a maximum weighting of 10 percent in the index.
Selection criteria for the DAXglobal Africa Index and the DAXglobal Vietnam Index are market capitalization and the average daily exchange turnover for the last six months. For the Africa Index, this figure must be USD 1 million and for the Vietnam Index more than USD 500,000 per company. The indices are calculated as price and performance indices in euros, US dollars and pounds sterling. The index composition of the DAXglobal Africa Index is reviewed once a year, and that of the DAXglobal Vietnam once a quarter. Both indices are reweighted on a quarterly basis.
Deutsche Börse was recognized this year as the winner of the ETF Global Award as the “Most innovative ETF index supplier in Europe”, which were presented in New York at the end of April.
