Deutsche Boerse has expanded its DAXglobal index family to include three country indices for Austria.
The DAXglobal Austria Dividend Index pursues a dividend strategy based on Austrias 30 largest stocks in terms of market capitalisation. The index contains 10 companies with the highest dividend yield. The composition of the index is adjusted annually based on current dividend payments. The weighting of individual stocks in the index is capped at 10%.
The DAXglobal Austria Mid-Cap Index currently contains the 13 largest companies among Austrias blue chip stocks. These companies must have a market capitalization of between 100 million and 1 billion and a daily trading volume of at least 750,000. The index covers all sectors, but primarily includes stocks from the finance, industry and consumer goods sectors.
The DAXglobal Austria Eastern Europe Exposure Index tracks the performance of Austrian companies that generate at least 20 percent of their revenues from exports to eastern Europe. These countries are: Bulgaria, Romania, Latvia, Estonia, Lithuania, Hungary, Slovakia, the Czech Republic and Slovenia. The index currently comprises 12 companies.
“The indices for the Austrian market add another region to our international DAXglobal index family. The indices allow investors to track a dividend strategy, as well as Austrian blue chips and mid caps, as a basis for structured products and exchange-traded funds,” says Hartmut Graf, head of Issuer Data and Analytics.