The Vienna Stock Exchange has launched the Eastern Europe Traded Index (EETX), a six-strong family of indexes based on the 40 largest blue chips of the Russian, Central, Eastern and Southeastern European markets.
The largest stocks include Sberbank, Lukoil, Gazprom, Tatneft and Norilsk.
The EETX is calculated and published as a price index, dividend index (TR) and net dividend index (NTR) in real time in EUR and USD. With this expanded offer, the Vienna Stock Exchange is responding to the demand of international market participants.
Vienna Stock Exchange’s index offering now comprises of 142 indices; 103 of these reflect national, regional and industry-specific developments in the CEE/CIS region.
Last week the Vienna Stock Exchange became the first national exchange to be admitted as a registered benchmark administrator, which means that Vienna Stock Exchange indexes used as underlying instruments for derivatives, ETFs and structured products, are already compliant with next year’s Benchmark Regulation.
When calculating the weighting of the EETX, individual companies are weighted with a maximum of 10 per cent (UCITS II rule). All positions above 5 per cent may in total account for a maximum of 40 per cent of the index capitalisation. The dividend index takes dividend payments into account; the net dividend index reinvests the net dividend.
