Launch of the NL20 Index announced
The NL20 Index is a new Dutch total return index that reflects the real performance of the 20 largest listed companies in the Netherlands, representing true Dutch entrepreneurship.
The key principles of the NL20 Index are transparency, predictability, efficiency, continuity and quality. With NASDAQ OMX disseminating the index values every second via their Global Index Data Service (GIDS) the NL20 Index has a global reach and will serve as a basis for tradable products, such as derivatives and exchange-traded funds.
The NL20 Index consists of the 20 largest Dutch listed companies by free float market capitalization, which had their original IPO in the Netherlands. Rebalancing only once a year following strict rules set out in the index rulebook and reinvesting cash distributions the NL20 Index will serve as a predictable and efficient benchmark for retail and institutional investors.
Willem Meijer, CEO of TOM (The Order Machine):
Following the rules set out in the rulebook, the NL20 Index according to the rebalancing of 23 September 2013 consists of the following securities: Aegon, AkzoNobel, ASML Holding, Corio, Delta Lloyd, Fugro, Heineken, ING Group, Royal Ahold, Royal Boskalis Westminster, Royal DSM, Royal KPN, Royal Philips, Royal Vopak, Randstad Holding, Reed Elsevier, Royal Dutch Shell, Unilever, Wolters Kluwer and Ziggo.
The NL20 Index is an initiative by TOM (The Order Machine) and is constructed and calculated in conjunction with NASDAQ OMX, one of the main providers of global indices. The real time market data is available via the NL20 Index website (www.NL20index.nl), the TOM MTF matching engine (soon) and via several websites using VWD as market data supplier.