Deutsche Borse has added four new members to its international DAXglobal index family. The new 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 Borse’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 index tracks the 10 largest companies in the coal sector. The index provides easy access to the global coal industry. The DAXglobal Gold Miners index contains the top 10 companies in the sector that generate at least 50% of their revenues from gold mines.
The DAXglobal Shipping index is comprised of 10 global companies that operate in the freight and shipbuilding sectors. The DAXglobal Steel index tracks the 10 largest companies in the steel sector that generate at least 50% of their business from metal ore mines or steel production.
In all four of the new DAXglobal indices, the composite equities are therefore given a maximum weighting of 15%. The selection criteria for the indices are market capitalisation and the average daily exchange turnover for the last three months.
The market capitalisation of the index members must be at least $500m, the average daily exchange turnover $2m. The indices are calculated as price and performance indices in euros. Moreover, the index composition is reviewed twice a year.
