Deutsche Börse Launches DAX Ex Financials 30 Index
Deutsche Börse has launched the DAX ex Financials 30 Index, which measures the 30 largest and most liquid companies in Germany excluding stocks classified as Banks, Financial Service and Insurance.
The DAX ex Financials 30 Index is geared toward institutional investors who want to access the performance of a fixed number of leading German companies without exposure to the financials industry. The new index reflects the 30 largest and most actively traded companies in the Prime Standard Segment of the FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange). Excluded are companies in the sector FIRE, which comprises Banks, Financial Services and Insurance, according to the Deutsche Börse classification scheme.
The DAX measures the performance of the 30 largest and best performing companies on the German equities market and represents around 80% of the listed market capitalization in Germany. The DAX ex Financials 30 Index currently comprises 25 DAX companies and 5 MDAX companies.
The DAX ex Financials 30 Index is reviewed on a quarterly basis. Daily history is available back to March 20, 2003. Component weights are capped at 10 percent.