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{{Infobox Index
I'm Florencia and I live with my husband and our 3 children in Nieuwkuijk, in the NB south area. My hobbies are Jewelry making, Metal detecting and Judo.<br><br>Here is my webpage [http://dawonls.dothome.co.kr/db/?document_srl=275129 Hosgator Reviews]
|name        = AEX index
|logo        =
|image        = [[File:AEX index.png|200px]]
|caption      = AEX index performance between 1982 and 2012
|foundation  = 1983
|operator    = [[Euronext]]
|exchanges    = [[Amsterdam Stock Exchange|Euronext Amsterdam]]
|constituents = up to 25
|cap_level    = Large cap
|mcap        = €370.8 billion <small>(end 2010)</small><ref>This is the actual total free-float market cap of the AEX constituents. Because the index uses a [[basket (finance)|basket]] model which does not include the total number of shares, the market cap of the index ''per se'' is significantly less than this. {{cite web
|url=http://www.euronext.com/fic/000/048/501/485012.pdf |title=AEX Executive Presentation - January 2011|accessdate=22 June 2011 |publisher=[[NYSE Euronext]]| archiveurl= http://web.archive.org/web/20110616031554/http://www.euronext.com/fic/000/048/501/485012.pdf| archivedate= 16 June 2011 <!--DASHBot-->| deadurl= no}}</ref>
|weighting = [[Market value-weighted index|Market value-weighted]]
|related = [[AMX index]], [[AScX index]]
|homepage = [http://www.nyse.com/aex www.nyse.com/aex]
}}
 
The '''AEX index''', derived from '''Amsterdam Exchange index''', is a [[stock market index]] composed of Dutch companies that trade on [[Amsterdam Stock Exchange|NYSE Euronext Amsterdam]],<ref name="NYSEEuronext" /> formerly known as the ''Amsterdam Stock Exchange''. Started in 1983, the index is composed of a maximum of 25 of the most actively traded [[Security (finance)|securities]] on the exchange. It is one of the main national indices of the stock exchange group [[Euronext|NYSE Euronext]]<ref name="NYSEEuronext">[https://europeanequities.nyx.com/markets/nyse-euronext/amsterdam https://europeanequities.nyx.com/markets/nyse-euronext/amsterdam], NYSE Euronext, bekeken 11 december 2013</ref> alongside Brussels' [[BEL20]], Paris's [[CAC 40]] and [[Lisbon]]'s [[PSI-20]].
 
==History==
The AEX started from a base level of 100 index points on 3 January 1983 (a corresponding value of 45.378 is used for historic comparisons due to the adoption of the [[Euro]]).<ref>{{cite web
|url=https://www.globalfinancialdata.com/index_tabs.php3?action=detailedinfo&id=3172&tab=metadata
|title=Amsterdam AEX Stock Index
|publisher=Global Financial Data
|accessdate=2007-12-02}}</ref> The index's peak to date is 703.18, reached on 5 September 2000 at the height of the [[dot-com bubble]].<ref>{{cite news
|url=http://www.nisnews.nl/public/030107_2.htm
|title=AEX Index Breaks Through Magic 500 Threshold
|publisher=NIS News
|date=3 January 2007
|accessdate=2007-12-02| archiveurl= http://web.archive.org/web/20071228171356/http://www.nisnews.nl/public/030107_2.htm| archivedate= 28 December 2007 <!--DASHBot-->| deadurl= no}}</ref> The index value more than halved over the following three years before recovering in line with most global financial markets.
 
The AEX index enjoyed its second largest one-day loss on September 29, 2008, when the index closed down almost 9%. The decade between 1998 and 2008 has been bad for the AEX index, as it has been the worst performing stock index except for the [[OMX Iceland 15]].<ref>[http://www.amsterdamtrader.com/2009/01/in-the-long-run-were-all-dead-2.html In the long run, we're all dead], amsterdamtrader.com, January 7, 2009</ref> The preceding years were a lot better compared to the rest of the world.
 
==Rules==
 
===Selection===
As of 2011, the AEX index composition is reviewed four times a year - a full "annual" review in March and interim "quarterly" reviews in June, September and December. Any changes made as a result of the reviews take effect on the third Friday of the month.<ref name=newrules>{{cite web|title=Rules for the AEX, AMX and AScX|url=http://www.euronext.com/fic/000/061/130/611309.pdf|publisher=[[NYSE Euronext]]|accessdate=22 June 2011| archiveurl= http://web.archive.org/web/20110616031819/http://www.euronext.com/fic/000/061/130/611309.pdf| archivedate= 16 June 2011 <!--DASHBot-->| deadurl= no}}</ref> Previously reviews were held in March and September only.<ref name="changes">{{cite web |url=http://www.euronext.com/fic/000/032/613/326132.pdf |format=PDF|title=Announcement Rules Change AEX-index, AMX-index and AScX-index - Introduction of Interim Review and Revised Eligibility Rule |publisher=[[Euronext]] |date=effective June 2008 |accessdate=2008-05-14}}</ref> Prior to 2008, index changes were made only annually in March.
 
At the main March review date, the 23 companies listed on Euronext Amsterdam's regulated market with the highest [[stock|share]] turnover (in [[Euro]]s) over the previous year are admitted to the index.<ref name="newrules" /> Of the companies ranked between 24th and 27th, a further two are selected with preference given to existing constituents of the index. Companies which have fewer than 25% of shares considered [[Float (finance)|free float]] on Euronext Amsterdam are, however, ineligible for inclusion.<ref name="newrules" /> Unlike some other European benchmark equity indices (such as the [[OMX Stockholm 30|OMXS30]]), if a company has more than one class of shares traded on the exchange, only the most actively traded of these will be accepted into the AEX.<ref name="newrules" /> If a company or companies are removed from the index due to [[Delisting (stock)|delisting]], [[mergers and acquisitions|acquisition]] or another reason, no replacements are made until the next review date.<ref name="newrules" />
 
At the three interim reviews in June, September and December, no changes are made to the AEX unless either the index has seen one or more constituents removed, or a non-constituent possesses a share turnover ranked 15th or higher overall over the previous 12 months.<ref name="changes" /> If vacancies are to be filled, the highest-ranking non-AEX companies are selected to join the index.<ref name="changes" />
 
===Weighting===
The AEX is a [[market value-weighted index]]. At each main annual review, the index weightings of companies in the index are capped at 15%,<ref name="profile">{{cite web |url=http://www.euronext.com/editorial/wide/editorial-2667-EN-NL0000000107.html?selectedMep=2 |title=AEX-Index profile |publisher=Euronext |accessdate=2007-12-02}}</ref> but range freely with [[share price]] subsequently. The index weights are calculated with respect to the closing prices of the relevant companies on March 1. At the interim reviews, weightings after adjustment are left as close as possible to those of the previous day and are not re-capped.<ref name="newrules" />
 
=== Calculation ===
The index comprises a [[Basket (finance)|basket]] of shares, the numbers of which are based on the constituent weights and index value at the time of readjustment. The value of the index at any given time, I<sub>t</sub>, is calculated using the following formula:<ref name="newrules" />
 
<math> I_t = \frac{\sum_{i=1}^N Q_{i,t}\,F_{i,t}\,f_{i,t}\,C_{i,t}\,}{d_{t}\,} </math>
 
with ''t'' the day of calculation; ''N'' the number of constituent shares in the index (usually 25); ''Q<sub>i,t</sub>'' the number of shares of company ''i'' on day ''t''; ''F<sub>i,t</sub>'' the free float factor of share ''i''; ''f<sub>i,t</sub>'' the capping factor of share ''i'' (exactly 1 for all companies not subject to the 15% cap); ''C<sub>i,t</sub>'' the price of share ''i'' on day ''t''; and ''d<sub>t</sub>'' the index divisor (a factor calculated from the base capitalisation of the index, which is updated to reflect corporate actions and other index changes.
 
==Composition==
The index is composed of the following listings as of the quarterly interim review effective 20 June 2011, when [[Wereldhave]] was removed from the index to bring the number of constituents down to 25 ([[TNT N.V.]] having split into [[PostNL]] and [[TNT Express]] during the previous quarter).<ref>{{cite web|url=http://www.euronext.com/fic/000/064/676/646769.pdf|title=Index Announcement|date=31 May 2011 |publisher=NYSE Euronext |accessdate=22 June 2011}}</ref> The September and December 2011 reviews saw no changes to the index. Since 24 September 2012, [[Douwe Egberts|DE Master Blenders]] is part of the listing, taking the place of [[TomTom]], which is downgraded to the [[AMX index]]<ref>{{cite web|url=http://www.rtl.nl/components/financien/rtlz/nieuws/2012/35/nyse-euronext_d_e_master-blenders-in-aex-ten-koste-van-tomtom-dowjones1185328.xml|title=
NYSE Euronext: D.E. Master Blenders in AEX ten koste van TomTom|date=30 AUG 2012|accessdate=29 October 2012}}</ref>
On 6 June 2013 [[Aperam]] moved to the [[AMX index]] and [[Gemalto]] entered the AEX.<ref name="AperamGemalto2013">[http://www.trivano.com/aandeel/gemalto-opgenomen-in-aex-index-aperam.388-434726.nieuwsbericht Gemalto opgenomen in AEX-index, Aperam eruit], Trivano, 6 june 2013</ref>
On 23 September 2013 [[Ziggo]] replaced [[Douwe Egberts|D.E. Master Blenders]] in the AEX.<ref name="ZiggoDE2013">[http://nos.nl/artikel/548153-ziggo-in-aex-douwe-egberts-eruit.html  Ziggo in AEX, Douwe Egberts eruit], NOS, 5 september 2013</ref>
[[Image:klm.b737-300.ph-bdp.arp.jpg|thumb|right|KLM [[Boeing 737-300]]. The nose carries the words ''Air France KLM''.]]
[[File:Postbox-tnt-2006.jpg|thumb|right|A [[Koninklijke TNT Post|TNT]] postbox, now part of PostNL.]]
 
{| class="wikitable sortable" style="text-align: center;" cellpadding=2 cellspacing=2
|-
! Company !! [[Industry Classification Benchmark|ICB]] Sector !! Ticker symbol !! Index weighting (%) {{ref|1}}
|-
| [[Aegon]] || life insurance || {{Euronext3|AGN}} || 2.85
|-
| [[Ahold]] || food retailers and wholesalers || {{Euronext3|AH}} || 4.06
|-
| [[Air France-KLM]] || airlines || {{Euronext3|AF}} || 0.99
|-
| [[AkzoNobel|Akzo Nobel]] || specialty chemicals || {{Euronext3|AKZA}} || 4.01
|-
| [[ArcelorMittal]] || iron and steel || {{Euronext3|MT}} || 7.09
|-
| [[ASML Holding|ASML]] || semiconductors || {{Euronext3|ASML}} || 3.91
|-
| [[Royal Boskalis Westminster|Boskalis]] || heavy construction || {{Euronext3|BOKA}} || 0.77
|-
| [[Corio (company)|Corio]] || retail REITs || {{Euronext3|CORA}} || 1.53
|-
| [[DSM (company)|DSM]] || specialty chemicals || {{Euronext3|DSM}} || 2.83
|-
| [[Fugro]] || oil equipment and services || {{Euronext3|FUR}} || 1.25
|-
| [[Gemalto]]<ref name="AperamGemalto2013" /> || software || GTO<ref>[https://europeanequities.nyx.com/en/products/equities/NL0000400653-XAMS  Gemalto], Euronext, visited 9 december 2013</ref> || 2.06<ref>[http://www.behr.nl/GA/aex.html Samenstelling en berekening van de AEX-index], Behr, visited 9 december 2013</ref>
|-
| [[Heineken International|Heineken]] || brewers || {{Euronext3|HEIA}} || 3.88
|-
| [[ING Group]] || life insurance || {{Euronext3|INGA}} || 11.64
|-
| [[KPN]] || fixed line telecommunications || {{Euronext3|KPN}} || 5.66
|-
| [[Philips]] || Consumer Electronics || {{Euronext3|PHIA}} || 6.51
|-
| [[PostNL]] || delivery services || {{Euronext3|PNL}} || 0.84
|-
| [[Randstad Holding]] || business training and employment agencies || {{Euronext3|RAND}} || 1.31
|-
| [[Reed Elsevier]] || publishing || {{Euronext3|REN}} || 2.38
|-
| [[Royal Dutch Shell]] || integrated oil and gas || {{Euronext3|RDSA}} || 15.59
|-
| [[SBM Offshore]] || oil equipment and services || {{Euronext3|SBMO}} || 1.10
|-
| [[TNT Express]] || delivery services || {{Euronext3|TNTE}} || 1.01
|-
| [[Unibail-Rodamco]] || retail REITs || {{Euronext3|UL}} || 5.24
|-
| [[Unilever]] || food products || {{Euronext3|UNA}} || 13.36
|-
| [[Wolters Kluwer]] || publishing || {{Euronext3|WKL}} || 1.62
|-
| [[Ziggo]]<ref name="ZiggoDE2013" />  || telecommunications || ZIGGO || 1.27
|}
 
{{refbegin}}
*{{note|1|1}} - Weightings accurate on 22 June 2011.
{{refend}}
 
==See also==
* [[AMX index]], the market index of the next 25 largest funds on Euronext Amsterdam.
* [[AScX index]], market index of 25 small caps on Euronext Amsterdam
 
==References==
{{reflist}}
 
==External links==
* {{official website|http://www.nyse.com/aex}}
 
{{AEX companies}}
{{Netherlands topics}}
 
{{DEFAULTSORT:Aex Index}}
[[Category:Dutch stock market indices]]

Latest revision as of 08:25, 6 October 2014

I'm Florencia and I live with my husband and our 3 children in Nieuwkuijk, in the NB south area. My hobbies are Jewelry making, Metal detecting and Judo.

Here is my webpage Hosgator Reviews