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Deutsche Börse launched the new ShortDAX® strategy index on Tuesday, further expanding its offering in the DAXplus® index family. The performance of the ShortDAX is directly opposed to that of the DAX® index, i.e. if the DAX rises by 5 percent, the ShortDAX falls by 5 percent, and vice versa. This makes Deutsche Börse the first index provider in Europe to develop an effective short strategy in the form of an index. The ShortDAX gives investors who expect negative performance on the DAX index or are looking for a short-term, efficient hedge against falling prices access to a strategic index product that guarantees positive returns when DAX prices fall. The new index enhances Deutsche Börse’s index family and, together with the LevDAX® , offers risk-conscious investors an opportunity to make a leveraged investment in the DAX. These indices offer investors a transparent and purely rule-based investment option that allows them to reap above-average benefits from rising (LevDAX) or falling (ShortDAX) index levels for the first time.
In addition to the calculation of the ShortDAX for the German equity market, Deutsche Börse will be calculating further short indices in accordance with its short methodology on behalf of third parties in the future.
ShortDAX is the seventh index in Deutsche Börse’s DAXplus® strategy index family, which also comprises the DivDAX®, DAXplus Seasonal Strategy, DAXplus Export Strategy, DAXplus Covered Call, LevDAX and DAXplus Protective Put.
Market Data & Analytics calculates and publishes more than 2,100 indices in total. Deutsche Börse thus ranks among the world’s major index providers. Market Data & Analytics also compiles, distributes, and markets independent capital market information, such as price data, trading statistics, and back office information for banks and financial institutions.
