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Deutsche Börse has expanded its DAXglobal index family to include three country indices for Austria. The DAXglobal® Austria Dividend Index tracks Austrian companies with the highest dividend yield. The DAXglobal® Austria Mid-Cap index includes the largest and most liquid mid-cap companies from Austria. The DAXglobal® Austria Eastern Europe Exposure Index allows investors to participate in Austrian blue chips and mid-cap companies that generate part of their revenues in eastern Europe.
The DAXglobal® Austria Dividend Index pursues a dividend strategy based on Austria’s 30 largest stocks in terms of market capitalization. The index contains 10 companies with the highest dividend yield. The composition of the index is adjusted annually based on current dividend payments. The weighting of individual stocks in the index is capped at 10 percent.
The DAXglobal® Austria Mid-Cap Index currently contains the 13 largest companies among Austria’s blue chip stocks. These companies must have a market capitalization of between €100 million and €1 billion and a daily trading volume of at least €750,000. The index covers all sectors, but primarily includes stocks from the finance, industry and consumer goods sectors.
The DAXglobal® Austria Eastern Europe Exposure Index tracks the performance of Austrian companies that generate at least 20 percent of their revenues from exports to eastern Europe. These countries are: Bulgaria, Romania, Latvia, Estonia, Lithuania, Hungary, Slovakia, the Czech Republic and Slovenia. The index currently comprises 12 companies.
“The indices for the Austrian market add another region to our international DAXglobal index family. The indices allow investors to track a dividend strategy, as well as Austrian blue chips and mid caps, as a basis for structured products and exchange-traded funds”, said Hartmut Graf, Head of Issuer Data & Analytics.
As with all Deutsche Börse indices, the DAXglobal Austria indices are strictly rule-based, transparent and liquid. The composition of all three indices is reviewed on an annual basis in September. Weightings are chained every quarter.
About Deutsche Börse:
Deutsche Börse ranks among the world’s key index providers. Market Data & Analytics calculates and publishes more than 2,100 indices in total. 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.
DAX® and DAXglobal® are registered trademarks of Deutsche Börse AG.
