New commodity-related equity indices extend Deutsche Börse’s international index offering…...
Deutsche Börse has added more new members to its international DAXglobal® index family. The DAXglobal Coal, DAXglobal Gold Miners, DAXglobal Shipping and DAXglobal Steel indices allow investors to participate in the growth of the global commodity markets and international trade.
Deutsche Börse’s DAXglobal index family tracks not only international equity markets but also global subject areas and sectors, with each of the indices tailored to a specific investment area. An appropriate degree of tradability is also ensured so as to offer international investors optimum index tracking by means of investment products such as certificates or ETFs.
The DAXglobal Coal index tracks the largest and most liquid companies in the coal sector. The index provides easy access to the global coal industry. The DAXglobal Gold Miners index contains the most liquid companies in the sector that generate at least 50 percent of their revenues from gold mines. The DAXglobal Shipping index is comprised of global companies that operate in the freight and shipbuilding sectors. The DAXglobal Steel index tracks the largest and most liquid companies in the steel sector that generate at least 50 percent of their business from metal ore mines or steel production.
As is the case with all indices in the DAXglobal family, particular importance is attached to the tradability of these new indices and the companies contained therein. In all four of the new DAXglobal indices, the composite equities are therefore given a maximum weighting of 15 percent. The selection criteria for the DAXglobal Coal, DAXglobal Gold Miners, DAXglobal Shipping and DAXglobal Steel indices are market capitalization and the average daily exchange turnover for the last three months. The market capitalization of the index members must be at least USD 500 million, the average daily exchange turnover USD 2 million. The indices are calculated as price and performance indices in euros. The index composition is reviewed twice a year.
Source: ETFWorld – Deutsche Börse