Deutsche Börse celebrates 15 years of SDAX
Deutsche Börse’s SDAX Index, a German small-cap index, is celebrating its 15th anniversary on 21 June 2014.
Susanne Zeidler from SDAX founding member Deutsche Beteiligungsgesellschaft will participate in a special bell-ringing ceremony on the floor of the Frankfurt Stock Exchange on 23 June with executive board member Hauke Stars.
“The DAX Indices are an important piece of the MD+S success story. Over the last 15 years, the index business has grown significantly in terms of introducing innovative index concepts, as well as acceptance by the global financial community. Today, the SDAX along with the other DAX flagship indices are recognized as the go-to barometers for the German economy,” says Stars.
The SDAX Index measures 50 stocks that have been admitted to the Prime Standard segment of the Frankfurt Stock Exchange that rank directly below the MDAX shares in terms of market capitalisation and trading volume.
“SDAX has served as a reliable gauge of Germany’s small-cap segment since 1999. From the beginning we have strived to create indices that are objective, transparent and attractive to market participants seeking interesting investment themes. Our rules-based approach has contributed to the success of our indices,” says Hartmut Graf, chief executive officer, STOXX Limited, the marketing agent for the indices of Deutsche Börse AG and SIX, including the DAX and SMI indices.
There were initially 100 companies in the SDAX when it launched on 21 June 1999. The number of components was reduced to 50 stocks in 2002. Of the original companies, only Deutsche Beteiligungs has remained in the index for all 15 years.
Effective 23 June 2014, Hornbach Baumarkt and Borussia Dortmund will replace König & Bauer and Air Berlin in the index.
The SDAX’s all-time high of 7,515.38 occurred on 2 June 2014. Its highest closest level occurred three trading days later on 5 June 2014 with a value of 7,481.17.
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