Deutsche Boerse has further expanded its international index familyoffering by allowing investors to participate in the growth of the African economy with the DAXglobal Africa Index.
The DAXglobal Vietnam Index tracks the performance of the 20 largest stocks traded on the Ho Chi Minh Stock Exchange.
70% of the DAXglobal Africa Index consists of companies from Africasemerging markets. These include Nigeria, Egypt and Morocco. In addition, the Africa Index is comprised of companies from South Africa and companies that have their registered offices in G7 countries and generate at least 50% of their turnover in Africa.
The DAXglobal Africa Index represents a total of 50 companies from theFinancials, Telecommunication Services, Materials, Industrials, ConsumerGoods and Energy sectors. A historical back-calculation of the indexsperformance shows 431% from September 2001 to 2008.
Another new addition to the international index family is the DAXglobalVietnam Index. It tracks the 20 largest and most liquid companies traded on the Ho Chi Minh Stock Exchange. The stocks have a maximum weighting of 10% inthe index.
Selection criteria for the DAXglobal Africa Index and the DAXglobal Vietnam Index are market capitalisation and the average daily exchange turnover for the last six months. For the Africa Index, this figure must be $1 million and for the Vietnam Index more than $500,000 per company.
The indices are calculated as price and performance indices in euros, US dollars and pounds sterling. The index composition of the DAXglobal Africa Index is reviewed once a year, and that of the DAXglobal Vietnam once a quarter. Both indices are reweighted on a quarterly basis.