Summary
The innovative strategy for maximized return: The DAXplus® Maximum Dividend Index, based on an innovative dividend strategy, is designed primarily for investors who want to focus less on price fluctuations and more on the development of the economic results of Germany’s key companies. It maximizes dividend return, i.e. the dividend as a percentage of the investment, for the most important German equities. The index consists of 25 companies represented in HDAX® which will be paying a dividend in the next six months and which have the highest expected dividend returns. This return is determined from the announced or estimated dividend amount and the closing price of the share at the time of selection. The companies in the index must be among the top 80% largest companies in terms of free float market capitalization and the top 80% most liquid companies in terms of 3-month average-daily-trading-volume. This ensures the investability of the index. Additionally, the companies in the index must rank in the top 80% in terms of price momentum defined as the cumulative return over the last 12 months excluding the last 1 month. If the number of companies meeting the criteria is below 25, the difference in the index portfolio will be made up with the companies reporting the best dividend returns in the prior period. The weighting in the index is based on the expected dividend returns: the higher the dividend return of a company, the higher its weighting in the index portfolio. The maximum weight of a company is subject to a double capping mechanism.
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