The Order Machine (TOM) has launched The NL20 Index, a Dutch total return index that reflects the real performance of the 20 largest listed companies in the Netherlands.
The key principles of the NL20 Index are transparency, predictability, efficiency, continuity and quality.
With NASDAQ OMX disseminating the index values every second via its 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 capitalisation, 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, says: “With dividends reinvested in the index, we believe the NL20 Index provides investors with the opportunity to capitalise on the true performance of Dutch blue-chip companies.”
Following the rules set out in the rulebook, the NL20 Index 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.
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