Vienna Stock Exchange launches new index

Vienna Stock Exchange launches new index

16/06/09

The Vienna Stock Exchange launched the ATX Fundamental index. The index is weighted according to certain fundamental ratios and made up of companies in the Austrian Traded Index (ATX), the leading index of the Vienna Stock Exchange. In contrast to the ATX, the weighting of the companies in the ATX Fundamental is not based on market capitalization, but rather on a factor computed by the Vienna Stock Exchange taking into account three fundamental ratios: return on assets, net dividend yield and price-to-book ratios.

The ATX Fundamental is calculated and published in EUR in real time. It has been designed as a tradable index that can be used as an underlying for structured products and standardized derivatives (futures and options). The calculation parameters are reviewed on a quarterly basis and the index composition is checked, and if necessary adjusted, analogously to the ATX in March and September.

With the launch of the ATX Fundamental, the Vienna Stock Exchange has once again shown its internationally recognized competence in the area of indices and its skill in responding to market demands. With the ATX Fundamental, the range of index products now comprises a total of 43 indices, with 32 of them tracking national, regional or sector-related developments in the CEE/CIS region. Meanwhile, the majority of all structured products with a reference to Eastern Europe are based on the indices produced by the Vienna Stock Exchange.