Deutsche Börse has launched the DAX ex Financials Index, which measures all stocks in the German blue-chip DAX index except for banks and financial services companies.
The DAX ex Financials Index is geared toward institutional investors who want to access the performance of leading German companies without exposure to the financials industry. This index responds to client demand for a flexible yet transparent, rules-based solution for their benchmarking and passive investment needs.
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 Index currently comprises 24 of the 30 DAX components, as it excludes stocks that are members of the Banks, Financial Services, Insurance and Real Estate sectors according to the Deutsche Börse classification scheme.