Bringing you live news and features since 2006 

Deutsche Börse launches new DAXglobal indices for Africa and Vietnam

RELATED TOPICS​

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.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by