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BENCHMARK INDICES

STOXX Africa 90

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Index Description

STOXX global benchmark indices provide a broad yet liquid representation of different regions and countries. The indices are derived from their respective Total Market Index (TMI). They are weighted according to free-float market cap and cover about 95% of the free-float market cap of the relevant region or country.

Key facts

  • Broad and liquid benchmarks for market regions and countries worldwide
  • Broad number of components
  • Serve as benchmarks for their respective regions/actively managed funds
  • Serve as an underlying for a variety of financial products, are used for academic research and receive wide media coverage

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 Africa 90 389.5 253.1 2.8 1.3 30.0 0.4 11.8 0.1 6.0
STOXX Africa Total Market 451.6 271.2 1.1 0.2 30.0 0.0 11.0 0.0 4.9

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 Africa 90 -0.2 19.0 24.2 23.0 32.5 N/A N/A 24.6 7.2 5.8
STOXX Africa Total Market N/A 18.6 23.5 24.2 34.5 N/A N/A 23.9 7.6 6.2
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Africa 90 N/A N/A 19.8 21.0 24.5 N/A N/A 0.9 0.3 0.2
STOXX Africa Total Market N/A N/A 18.9 20.0 23.6 N/A N/A 0.9 0.3 0.2
Index to benchmark Correlation Tracking error (%)
STOXX Africa 90 1.0 1.0 1.0 1.0 1.0 1.1 1.9 1.9 1.6 1.4
Index to benchmark Beta Annualized information ratio
STOXX Africa 90 1.1 1.0 1.0 1.0 1.0 -1.9 0.3 0.4 -0.1 -0.1

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

2Based on EURIBOR1M

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

BENCHMARK INDICES

STOXX Africa 90

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 Africa 90 22.1 10.7 13.7 13.7 1.8 4.6 1.2 2.1
STOXX Africa Total Market 20.2 10.4 13.1 13.1 1.8 4.6 1.2 2.2

Performance and annual returns

Methodology

The universe is the relevant Total Market Index (TMI). All stocks in the index universe are ranked by free-float market cap to produce the index selection list. Target coverage: 95% of the free-float market cap of the index universe. The detailed methodology including the calculation formula can be found in our rulebook : www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0149421460 SXAF9BP SXAF9BP INDEX .SXAF9BP
Gross Return EUR CH0149421429 SXAF9BGR SXAF9BGR INDEX .SXAF9BGR
Net Return EUR CH0149421445 SXAF9BR SXAF9BR INDEX .SXAF9BR
Price USD CH0149421478 SXAF9BL SXAF9BL INDEX .SXAF9BL
Net Return USD CH0149421452 SXAF9BV SXAF9BV INDEX .SXAF9BV
Gross Return USD CH0149421437 SXAF9BGV SXAF9BGV INDEX .SXAF9BGV

Quick Facts

Weighting Free-float market cap
Cap Factor 20%
No. of components Fixed component (exact number indicated in index name)
Review frequency Quarterly, in Mar., Jun., Sep., Dec.
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
Naspers Ltd Technology South Africa 11.837%
FirstRand Ltd Banks South Africa 7.038%
CAPITEC BANK Banks South Africa 6.207%
Standard Bank Group Ltd/South Banks South Africa 5.379%
ANGLOGOLD ASHANTI Basic Resources South Africa 3.993%
Gold Fields Ltd Basic Resources South Africa 3.794%
ABSA GROUP LTD Banks South Africa 2.808%
Sanlam Ltd Insurance South Africa 2.605%
Nedbank Group Ltd Banks South Africa 2.470%
Shoprite Holdings Ltd Personal Care, Drug and Grocery Stores South Africa 2.458%

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

4Based on the composition as of November 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.

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.