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DIVIDEND INDICES

STOXX ASEAN Select Dividend 30

Index Description

The STOXX ASEAN Select Dividend 30 Index selects high dividend paying companies from the following ASEAN countries: Malaysia, Philippines, Thailand, Vietnam, Singapore and Indonesia. The index consists of 30 components.

Key facts

  • For better diversification, the number of components from each country is limited, preventing any one country from dominating the index.
  • The GDP of the six ASEAN countries selected for this index is expected to grow at a much higher rate than developed nations over the next few years. These six nations also offer a good mix of the know-how of a developed country (Singapore) with the competitive costs and abundant resources and labor of less-developed nations.
  • The index shows a net dividend yield higher than STOXX Asia Total Market Index, highlighting that a dividend strategy for ASEAN makes sense in an environment where developed and BRIC economies are showing poor performance.
  • By incorporating a liquidity screening, the index is suited as an underlying for financial products. The index contains a 20-40 buffer rule.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX ASEAN Select Dividend 30 N/A 1.0 0.0 0.0 0.1 0.0 5.7 2.7 102.8
STOXX Asia Total Market 17,296.7 11,610.4 2.0 0.3 540.1 0.0 4.7 0.0 4.4

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX ASEAN Select Dividend 30 2.7 4.2 1.8 19.9 14.5 N/A N/A 1.9 6.3 2.8
STOXX Asia Total Market 2.5 7.7 18.3 14.0 41.4 N/A N/A 18.7 4.5 7.3
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX ASEAN Select Dividend 30 N/A N/A 11.0 13.0 16.3 N/A N/A -0.1 0.3 0.1
STOXX Asia Total Market N/A N/A 10.8 12.7 14.1 N/A N/A 1.3 0.2 0.5
Index to benchmark Correlation Tracking error (%)
STOXX ASEAN Select Dividend 30 0.5 0.5 0.5 0.6 0.7 10.5 10.5 10.5 12.2 12.6
Index to benchmark Beta Annualized information ratio
STOXX ASEAN Select Dividend 30 0.4 0.4 0.6 0.6 0.8 0.1 -1.4 -1.5 0.1 -0.4

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Gross Return), all data as of March 29, 2024

DIVIDEND INDICES

STOXX ASEAN Select Dividend 30

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX ASEAN Select Dividend 30 7.1 8.9 7.1 7.1 1.0 7.3 0.8 7.3
STOXX Asia Total Market 17.5 15.2 15.4 15.4 1.5 2.7 0.9 30.7

Performance and annual returns

Methodology

The STOXX ASEAN Select Dividend 30 Index is derived from the STOXX Asia Total Market Index (TMI). In a first step, all companies from the following countries are selected: Malaysia, Philippines, Vietnam, Thailand, Singapore and Indonesia.


To be included in the index, a company must have a minimum three-month average daily trading volume (3M ADTV) of USD2 mn. Excluded are stocks that have a payout ratio higher than 80% and stocks of real estate investment trusts (REITs). Vietnamese stocks whose foreign investment capacities are below 4% are excluded as well.


Finally, all remaining stocks are ranked by their 12-month historical dividend yield. The top 30 stocks are selected by applying a 20-40 buffer rule.


A cap of maximum 7 companies per countries (5 for Thailand) is allowed to prevent any one country from having too much weight in the index. (Note: There is no minimum requirement). The index is equally weighted.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0271009547 SXAE3DP SXAE3DP INDEX .SXAE3DP
Net Return EUR CH0271010149 SXAE3DR .SXAE3DR
Gross Return EUR CH0271010164 SXAE3DGR .SXAE3DGR
Price USD CH0271010206 SXAE3DL SXAE3DL INDEX .SXAE3DL
Gross Return USD CH0271025550 SXAE3DGV .SXAE3DGV
Net Return USD CH0271025220 SXAE3DV .SXAE3DV

Quick Facts

Weighting Equally weighted before capping
Cap Factor Thailand at 15%
No. of components Fixed, 30
Review frequency Quarterly, in Mar., Jun., Sep., Dec.
Calculation/distribution Price, net and gross return in EUR and USD
Calculation hours Realtime: 00:01 - 18:00 CET End-of-Day: 18:00 CET
Base value/base date 100 as of Mar. 31, 2004
History Available from Mar. 22, 2004
Inception date Mar. 12, 2015
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://qontigo.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

DIVIDEND INDICES

STOXX ASEAN Select Dividend 30

Top 10 Components4

Company Supersector Country Weight
HOANG HUY INV.FNSR. Real Estate Vietnam 5.743%
HO CHI MINH CTDEV. JST. CMLBK. Banks Vietnam 5.185%
PETROVIETNAM GAS Energy Vietnam 4.943%
Metropolitan Bank & Trust Banks Philippines 3.427%
JASMINE INTERNATIONAL Telecommunications Thailand 3.389%
DBS Group Holdings Ltd. Banks Singapore 3.335%
AMMB Holdings Bhd Banks Malaysia 3.318%
United Overseas Bank Ltd. Banks Singapore 3.238%
Oversea-Chinese Banking Corp. Banks Singapore 3.224%
MISC Bhd Industrial Goods and Services Malaysia 3.206%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of March 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.