Deutsche Brse today launched a new index, DivDAX, which aims to reflect the performance of the 15 DAX companies with the highest dividend yields.
The DivDAX equity index is primarily aimed at investors pursuing conservative value investment strategies. It serves as a basis for financial products such as certificates, warrants, and funds for issuers.
“By selecting index constituents by dividend yields, the DivDAX mirrors the companies with particularly robust and solid performance, which is how it has managed to consistently outperform similar indexes in recent years,” says Holger Wohlenberg, Managing Director of Market Data & Analytics at Deutsche Brse.
The DivDAX adheres to the Deutsche Brse concept of a selection index. Its composition is evaluated once a year, in September. The weighting is set according to the market capitalization of companies’ freely tradable shares, the so-called free float. Weightings are adjusted on a quarterly basis, and may not exceed 10 percent of the DivDAX. The DivDAX is calculated by Market Data & Analytics at Deutsche Brse every 15 seconds and distributed via the CEF real-time data feed. The DivDAX history will go back to September 1999.
In all, Market Data & Analytics calculates and publishes more than 1,700 indexes, making Deutsche Brse one of the most prolific index providers in the world.