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Deutsche Börse launches four DAXglobal indices

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Deutsche Börse has added four members to its international DAXglobal index family.

The DAXglobal Coal, DAXglobal Gold Miners, DAXglobal Shipping and DAXglobal Steel indices allow investors to participate in the growth of the global commodity markets and international trade.

Deutsche Börse’s DAXglobal index family tracks not only international equity markets but also global subject areas and sectors, with each of the indices tailored to a specific investment area.

An appropriate degree of tradability is also ensured so as to offer international investors optimum index tracking by means of investment products such as certificates or ETFs.

The DAXglobal Coal index tracks the ten largest companies in the coal sector. The index provides easy access to the global coal industry.

The DAXglobal Gold Miners index contains the top ten companies in the sector that generate at least 50 per cent of their revenues from gold mines.

The DAXglobal Shipping index is comprised of ten global companies that operate in the freight and shipbuilding sectors.

The DAXglobal Steel index tracks the ten largest companies in the steel sector that generate at least 50 per cent of their business from metal ore mines or steel production.

Particular importance is attached to the tradability of these new indices and the companies contained therein. In all four of the new DAXglobal indices, the composite equities are therefore given a maximum weighting of 15 per cent.

The selection criteria for the DAXglobal Coal, DAXglobal Gold Miners, DAXglobal Shipping and DAXglobal Steel indices are market capitalisation and the average daily exchange turnover for the last three months. The market capitalisation of the index members must be at least USD500m and the average daily exchange turnover USD2m.

The indices are calculated as price and performance indices in euros. The index composition is reviewed twice a year.

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