Bringing you live news and features since 2006 

Hartmut Graf, chief executive officer, STOXX Limited.

Deutsche Boerse launches DivMSDAX Index


Deutsche Boerse has launched the DivMSDAX Index, a blue-chip index that measures the performance of the 15 highest dividend-yielding mid- and small-cap stocks traded in Germany. It is geared toward professional and retail investors seeking long-term, value-based investment strategies. The new index is suited to underlie financial products such as exchange-traded funds (ETFs), structured products and certificates.

UniCredit Bank AG has issued index certificates based on the price and total return versions of the DivMSDAX index. This is the first time that the index will be available to investors in Germany. 

"Dividend-based investing is a simple and reliable approach for market participants with a conservative, long-term investment horizon," says Hartmut Graf, chief executive officer, STOXX Ltd. "The DivMSDAX allows these investors to access highly liquid mid- to small-cap stocks that offer stable dividends. As the new index also complements the widely followed DivDAX, the two together can be used to capture the leading value stocks in Germany." STOXX Ltd. is the marketing agent for the indices of Deutsche Boerse AG and SIX Group AG, including the DAX and SMI indices. 

The index universe for the DivMSDAX is defined as all components of the MDAX and SDAX, which measure the top 50 mid-cap and top 50 small-cap stocks, respectively, that are traded in Germany. The companies are ranked by dividend yield and the first 15 stocks are added to the index. Stocks also must have an average daily trading volume equal to or higher than 250,000 euro to be eligible for inclusion.

As of 13. May 2011, the largest three components by dividend yield in the DivMSDAX are Wincor Nixdorf O.N. (Germany, Industrial, DE000A0CAYB2), HANN.RUECKVER.AG NA O.N. (Germany, Insurance, DE0008402215) and DEUTSCHE EUROSHOP AG O.N. (Germany, Financial Services, DE0007480204). The one-year performance of DivMSDAX is 28.7%, as of 13. May 2011.

The DivMSDAX is weighted by float-adjusted market capitalisation while individual component weights are capped at 10 percent. The index is rebalanced quarterly and reviewed annually in September. Daily history is available back to 17 September 1999. The index is calculated every 15 seconds and disseminated via Deutsche Boerse’s CEF real-time data feed.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
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