Description

The Amundi DivDAX UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index DivDAX Total Return Index.The DivDAX Performance Index calculated by Deutsche Börse AG is composed of the 15 companies from the leading German index, the DAX, with the highest dividend yields. The dividend yield is calculated by dividing the dividend paid by the closing price of the share on the eve of the payout. The index is weighted by free-float market capitalisation, and a weighting cap of 10% applies for each stock. The weightings are adjusted on a quarterly basis and the index composition is reviewed annually in September. The index was launched on 20 September 1999 with a base level of 100 points.