DAX ex Financials 30 Index licensed to Deka Investment
The DAX ex Financials 30 Index has been licensed to Deka Investment to underlie an exchange-traded fund.
The Deka DAX ex Financials 30 UCITS ETF is tradable on Xetra as of 22 July.
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 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 supersector FIRE, which comprises the sectors 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 per cent of the listed market capitalisation in Germany. The DAX ex Financials 30 Index currently comprises 25 DAX companies and five MDAX companies.
The DAX ex Financials 30 Index is reviewed on a quarterly basis. Daily history is available back to 20 March 2003. Component weights are capped at 10 per cent.
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