Deutsche Boerses DAXplus and DAXglobal welcome new members – The DAXglobal GCC, DAXplus Directors Dealings and DAXglobal Latin America indices.
The DAXglobal Latin America Index and the DAXglobal GCC Index were selected due to its average daily exchange turnover for the last six months of US$1 million.
The DAXglobal GCC (Gulf Cooperation Council) Index tracks the performance of Gulf States. The index contains the 40 most liquid companies from five out of six of the states in the Cooperation Council for the Arab States of the Gulf. These include the United Arab Emirates (which accounts for 35.0% of the index), Kuwait (33.8 %), Qatar (14.1 %), Oman (11.8%) and Bahrain (5.3%). In order to assure a balanced weighting of these countries, the maximum weighting per country in the index has been set at 35%.
The DAXglobal Latin America Index enables customers to take part in the growing economy of Latin America. The index tracks 40 liquid companies from Argentina, Brazil, Chile, Columbia, Mexico and Peru in a transparent manner. The index currently comprises American Depository Receipts(ADRs) on public limited companies in Latin America that are traded on various stock exchanges across the globe. Companies utilize ADRs in emerging markets to gain entry to the developed capital markets in Europe and the USA.
Each of the DAXplus European Directors Dealings indices tracks 30 companies from Germany, Switzerland and the UK at which employees subject to reporting requirements have bought a particularly high volume of shares in the company over the past twelve months. Back-calculations have revealed that an investment based on the Directors Dealing approach has considerably outperformed established benchmarks in rising markets. DAXplus European Directors Dealings indices also answered the criteria of US$1 million in daily exchange turnover.
L.D.