The high liquidity of the stocks included in the index makes it an attractive underlying for derivative products such as certificates and warrants. Bankgesellschaft Berlin will launch an endless index certificate and Goldman Sachs will launch a bonus certificate on DAXplus Export Strategy. The index also serves as a benchmark for active portfolio managers who focus on investing in strong exporters.
The composition of the DAXplus Export Strategy index is reviewed annually, at the chaining date in June. Currently, the index comprises the DAX companies Altana, Bayer, DaimlerChrysler, Fresenius Medical Care and TUI, together with Celesio, EADS, Heidelberger Druckmaschinen, Merck and SGL Carbon, listed on the MDAX. Every stock in the index is weighted at 10 percent, independent of its free float.
The Market Data & Analytics division at Deutsche Börse calculates the new strategy index by the minute. A performance indicator is also calculated. The index will have a history dating back to March 2002.
Market Data & Analytics calculates and publishes more than 1,800 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.
