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Deutsche Börse Launches – DAXglobal Latin America Tracks Companies From Latin American Countries

Deutsche Börse has added more new members to its DAXglobal® and DAXplus® index families. Investors can now participate in the growth of the Latin Americaneconomy with the DAXglobal Latin America Index. The DAXglobal GCC (Gulf Cooperation Council) Index tracks the performance of Gulf States. The new DAXplus Directors’ Dealings indices track the performance of companies at which employees subject to reporting requirements have bought a particularly highvolume of shares in the company over the past twelve months.

The DAXglobal Latin America Index tracks the 40 most liquid companies from Argentina, Brazil, Chile, Columbia, Mexico and Peru in a transparent manner. The Latin America Index currently comprises American Depository Receipts(ADRs) on public limited companies in Latin America that are traded on various stock exchanges across the globe. ADRs are a popular vehicle used by companies inemerging markets to gain entry to the developed capital markets in Europe and the USA. This concept has already been successfully applied to other indices in the DAXglobal family in order to ensure improved tradability.

The selection criterion for the DAXglobal Latin America Index and the DAXglobal GCC Index is an average daily exchange turnover for the last six months of US$1 million. The weighting that the individual countries are awarded in the indices is based on the respective gross domestic product, and each company’s weighting in the index is capped at eight percent.

The European Directors’ Dealings Indices are based on the data service of the same name, European Directors’ Dealings (EDD), which has been offered by Market Data & Analytics since September 2008. Transactions in a stock corporation’s shares conducted by its executive and supervisory boards as well as their family members will be collated, adjusted, verified and then made available in a standardized format for the very first timeand on a transnational basis. Directors’ Dealings information is used primarily as a trading signal. It is taken into account when analyzing investment behavior, and also aids the development and testing of investment strategies.

The index composition of the two DAXglobal indices is reviewed once a year in September, while the DAXplus Directors’ Dealings indices are reviewed on a quarterly basis. All indices are reweighted on a quarterly basis. All new indices are calculated as price and performance indices in euros, US dollars and pounds sterling.

Source: Mondovision, 16.12.2008

Filed under: BM&FBOVESPA, BMV - Mexico, Brazil, Chile, Colombia, Data Vendor, Exchanges, Latin America, Mexico, News, , , , , , , , , , , , , , ,

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