Selection indices: STOXX launches new DAX versions
The index provider STOXX, responsible for the indices of the DAX family among others, will offer two further DAX versions with alternative capping rules.
14 February 2025. FRANKFURT (STOXX). The DAX blue-chip index, however, remains subject to the capping rules and will continue to be decisive for correspondingly aligned financial products. All of ISS STOXX’s index offerings are fully compliant with the European Benchmark Regulation (BMR) and these two new DAX versions are no exception.
Veronika Kylburg Head of Global Benchmarks, DAX, at STOXX said: “STOXX is committed to providing innovative solutions for global institutional investors, and we are pleased to announce these new versions of the DAX, tailored for those not bound by the EU UCITS Directive related to capping, seeking to track the largest German companies. The DAX product offering now provides investors with the optionality to observe specific weight caps or capture the largest stocks’ full influence.” Kylburg added: “Our back-tested calculations show no significant differences in the risk and return characteristics between the new uncapped versions and the DAX blue-chip indices, including YTD return, volatility, and Sharpe ratio. However, it should be noted that the new versions may exhibit higher volatility due to their increased reliance on individual stocks.”
14 February 2025, © Deutsche Börse AG
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