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Deutsche Börse launches country and strategy indices

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Deutsche Börse has added more members to its DAXglobal and DAXplus index families.

Deutsche Börse has added more members to its DAXglobal and DAXplus index families.

Investors can now participate in the growth of the Latin American economy with the DAXglobal Latin America Index, which tracks the 40 most liquid companies from Argentina, Brazil, Chile, Columbia, Mexico and Peru.

The Latin America Index currently comprises American Depository Receipts (ADRs) on public limited companies in Latin America that are traded on various stock exchanges across the globe.

ADRs are a popular vehicle used by companies in emerging markets to gain entry to the developed capital markets in Europe and the US.

Another new addition to the international index family is the DAXglobal Gulf Cooperation Council Index.

This contains the 40 most liquid companies from five out of six of the states in the Cooperation Council for the Arab States of the Gulf.

These include the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain.

The selection criterion for the DAXglobal Latin America Index and the DAXglobal GCC Index is an average daily exchange turnover for the last six months of USD1m.

The weighting that the individual countries are awarded in the indices is based on the respective gross domestic product, and each company’s weighting in the index is capped at eight per cent.

Deutsche Börse has also launched the DAXplus Directors’ Dealings indices, which track 30 companies from Germany, Switzerland and the UK at which employees subject to reporting requirements have bought a particularly high volume of shares in the company over the past 12 months.

These insider transactions are weighted based on how recent they are. Admission to the index also requires a minimum liquidity of USD1m in daily exchange turnover.

The European Directors’ Dealings Indices are based on the data service of the same name, European Directors’ Dealings, which has been offered by Market Data & Analytics since September 2008.

Transactions in a stock corporation’s shares conducted by its executive and supervisory boards as well as their family members will be collated, adjusted, verified and then made available in a standardised format for the very first time and on a transnational basis.

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