Deutsche Börse adds to strategic index family

Deutsche Börse has added the DAXplus Maximum Dividend Index to its DAXplus strategy index family, on which ETFlab has launched its DAXplus Maximum Dividend ETF. The ETF is traded on the XTF segment of the Deutsche Börse and dividends are distributed. The Maximum Dividend Index tracks the 20 companies represented in the HDAX which will pay a dividend in the next six months and have the highest expected dividend returns. The return from the dividend strategy is based upon the announced or estimated dividend amount and the closing price of the equity at the time of selection...