FAZ index

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FAZ index
ISIN DE0008469024
WKN 846902
RIC .FAZI
Bloomberg code FAZIA index

The FAZ-Index is a stock index on the German stock market that has been calculated every trading day since 1961 by the Frankfurter Allgemeine Zeitung (FAZ). This makes it the oldest German stock index.

History / meaning

The FAZ index has been determined since September 4, 1961. Until the introduction of the DAX in 1988, the FAZ index was the most important index on the German stock market, which was also the basis for index products. The DAX assumed this role with its introduction.

detection

The relatively market-wide FAZ-Index shows the price development of the 100 most important companies that have their headquarters in Germany and whose shares are listed on the Frankfurt Stock Exchange . The index members are weighted according to market capitalization. On April 24, 2020, SAP SE (11.28%), Siemens AG (5.74%) and Allianz SE (5.69%) had the greatest weight in the index . The Linde Group, which has a high weighting of around 11% in the DAX, is not represented in the FAZ index because it is based in Dublin.

The FAZ index is a Paasche index , i.e. H. the weights of the individual shares change over time. It is a price index , i. H. the distributions are not included in the index development.

The index basis is the market value at the close of trading on December 31, 1958, standardized to a point total of 100.

Industry indices

12 industry indices have been determined since 1982:

  1. Banks
  2. Insurance
  3. IT and electronics
  4. Construction and real estate
  5. Utilities and Telecommunications
  6. Chemicals and pharmaceuticals
  7. Auto and supplier industry
  8. mechanical engineering
  9. Raw materials
  10. Trade and transport
  11. Consumer goods and media
  12. Renewable energy

Further indices

In addition to the FAZ index, there are the following other indices from the FAZ:

  • the FAZ index as a performance index (instead of a price index ) on the German stock market
  • the FAZ Euro Index on European stocks
  • the FAZ Euro sector indices on European stocks
  • the FAZ bond index

literature

  • Erich Erlenbach, Frank Gotta: This is how the stock exchange works. A foray through what is happening on the financial markets. Societäts-Verlag, Frankfurt am Main 1977, ISBN 3-7973-0304-1 .

Web links