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Deutsche Börse launches index for family business segment

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Deutsche Börse is to launch an index on 4 January that tracks the performance of listed family businesses.

The DAXplus Family index comprises German and international companies from the Frankfurt Stock Exchange’s Prime Standard in which the founding families hold at least a 25 per cent share of the voting rights or sit on the management or supervisory board and hold at least a five per cent share of the voting rights.

There are currently 113 businesses qualifying for the index.

The DAXplus Family 20 index comprises the 20 largest and most liquid shares of the DAXplus Family index.

“The DAXplus Family index functions as a benchmark for the important family business segment,” says Rainer Riess, managing director of Xetra market development at Deutsche Börse. “The index is also intended to serve as an indicator for medium-sized family businesses preparing for an IPO. Moreover, due to its liquidity, the DAXplus Family 20 index meets the requirements of an investment and trading function to a high degree.”

Weighting is based on market capitalization of freely tradable shares, i.e. free float. No single stock may account for more than ten per cent of the DAXplus Family index.

The DAXplus Family 20 index follows Deutsche Börse’s concept of selection indices. It is calculated as a price and performance index every minute. Its composition will be monitored on a quarterly basis.

The DAXplus Family index is based on a cooperation project between Deutsche Börse and the Center for Entrepreneurial and Financial Studies of the Technical University of Munich.

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