Deutsche Börse has further expanded its international index offering with the launch of the DAXglobal Africa Index, made up 70 per cent of companies based in the continent’s emerging
Deutsche Börse has further expanded its international index offering with the launch of the DAXglobal Africa Index, made up 70 per cent of companies based in the continent’s emerging markets, and the DAXglobal Vietnam Index, which tracks the performance of the 20 largest stocks traded on the Ho Chi Minh Stock Exchange.
The Africa Index includes companies from Nigeria (with a share of 30 per cent), Egypt (26 per cent) and Morocco (14 per cent, in addition to firms from South Africa and others that have their registered offices in G7 countries but generate at least 50 per cent of their turnover in Africa.
The index comprises a total of 50 companies from the financial, telecommunications, materials, industrial, consumer goods and energy sectors. A historical back-calculation of the index’s performance indicates an aggregate 431 per cent return, equivalent to 30 per cent a year, between September 2001 and this year.
The Vietnam Index tracks the 20 largest and most liquid companies on the Ho Chi Minh exchange, each having a maximum weighting of 10 percent in the index.
The selection criteria for the new indices are based on market capitalisation and average daily exchange turnover over the previous six months. The minimum turnover is USD1m for the Africa Index and USD500,000 for the Vietnam Index.
The benchmarks are calculated as price and performance indices in euros, US dollars and sterling. The index composition of the Africa Index is reviewed once a year, and that of the Vietnam Index once a quarter. Both indices are reweighted on a quarterly basis.
Deutsche Börse Market Data & Analytics calculates and publishes a total of more than 2,500 indices and also compiles, distributes, and markets independent capital market information such as price data, trading statistics and back office information to banks and other financial institutions.
