Which companies are included in the AEX composition?
The Amsterdam Exchange Index, or AEX 25 for short, is a stock index consisting of 25 companies of Dutch origin. The composition of the AEX is determined on the basis of market capitalization. All AEX companies can be traded in the form of shares on Euronext Amsterdam. If you want to focus on AEX investing , keep reading. We will discuss the most important characteristics of the composition of the AEX, the price, trading the index and the basis for technical analysis of the AEX.
Composition AEX – AEX companies list
As of December 31, 2022, the composition of the AEX is as follows; the index includes the following 25 AEX companies (source: Euronext):
| # | Company | Land | Sector | Weighing |
|---|
| 1 | Unilever NV | The Netherlands | Consumer goods | 16,05% |
| 2 | ASML Holding NV | The Netherlands | Technology | 15,04% |
| 3 | Shell PLC | The Netherlands | Energy | 14,48% |
| 4 | Prosus NV | The Netherlands | Internet technology | 7,94% |
| 5 | RELX PLC | The Netherlands | Industrial companies | 6,76% |
| 6 | ING Group NV | The Netherlands | Financial services | 5,87% |
| 7 | Adyen NV | The Netherlands | IT | 4,74% |
| 8 | Royal Ahold Delhaize NV | The Netherlands | Consumer goods | 3,70% |
| 9 | Wolters Kluwer NV | The Netherlands | Industrial companies | 3,39% |
| 10 | Heineken NV | The Netherlands | Consumer goods | 2,67% |
| 11 | Royal DSM NV | The Netherlands | Chemistry and biotechnology | 2,64% |
| 12 | Universal Music Group NV | The Netherlands | Communication | 2,15% |
| 13 | Royal Philips NV | The Netherlands | Healthcare technology | 1,63% |
| 14 | ArcelorMittal SA | The Netherlands | base materials | 1,57% |
| 15 | Akzo Nobel NV | The Netherlands | Materials | 1,50% |
| 16 | ASM International NV | The Netherlands | IT | 1,46% |
| 17 | NN Group | The Netherlands | Financial services | 1,36% |
| 18 | Royal KPN NV | The Netherlands | Communication services | 1,26% |
| 19 | Aegon NV | The Netherlands | Financial services | 1,12% |
| 20 | IMCD NV | The Netherlands | base materials | 1,00% |
| 21 | EXOR NV | The Netherlands | Financial services | 0,98% |
| 22 | Randstad Holding | The Netherlands | Industrial companies | 0,83% |
| 23 | Unibail-Rodamco-WE | The Netherlands | Real Estate | 0,76% |
| 24 | BE Semiconductor Industries | The Netherlands | Semiconductor industry | 0,59% |
| 25 | Signify NV | The Netherlands | Lighting technology | 0,53% |
How are AEX companies selected?
The AEX Index is made up of the shares of the 25 Dutch companies that are traded the most on Euronext Amsterdam. The development of the index is therefore dependent on the performance of these AEX companies. In order to be included in the AEX companies list, companies must meet strict conditions.
The AEX is a market capitalization weighted stock index. This means that AEX companies and potential candidates are ranked according to the value of their trading turnover. During the annual assessment, the 23 AEX companies with the highest share turnover in the previous year are automatically added to the AEX companies list. The candidates for the other 2 listings are selected from the AEX companies that occupy positions 24-27. Preference is given to companies that are already part of the AEX 25 Index.
The composition of the AEX is reviewed four times a year, in interim assessments. These interim quarterly reports are made in June, September and December. The status of all AEX companies is determined in March, by way of an integral, annual review.
The AEX 25 and the Amsterdam Stock Exchange (Euronext)
Before you consider investing in AEX or investing in AEX companies, you should be clear about the composition of the index. As previously described, the AEX index includes the 25 most important Dutch (AEX) companies that are listed on the Amsterdam stock index. This composition is determined on the basis of trading turnover, whereby the total performance of all AEX shares is also used as a benchmark for regional economic growth.
The AEX stock exchange is a continuation of the Amsterdam Stock Exchange. This was founded in 1602 for the benefit of the VOC and merged with the Brussels Stock Exchange and the Paris Stock Exchange in 2000. Together they form Euronext. The main index represents 25 AEX companies. Other AEX companies are included in the other, lesser known AEX indices. The AMX (AEX companies 26-50) and the AScX Index (AEX companies 51-75).
The 25 AEX companies are all listed on the Amsterdam stock index. This composition is based on the capital value of these 25 largest Dutch companies, including ASML, Shell and Unilever. The price shows the development of these largest and most traded shares on the Amsterdam stock index.
Why should I choose AEX shares?
There are numerous reasons why an investor might choose to invest in AEX companies/AEX shares. A significant portion of these are personal and highly subjective. For example, have you worked at one of the AEX companies or do you simply know a great deal about the development of the index or the AEX companies? This can prove to be advantageous. However, there are a number of very compelling, objective reasons why investing in AEX companies is definitely worth considering.
Most Dutch traders are reasonably familiar with the index, AEX companies and the development of the AEX share prices. Furthermore, they have the advantage that they are particularly well informed about the national and regional economic and political situation. This makes it easy for the trader to interpret and give color to his technical analysis AEX. Investing in the index is therefore very popular among traders and investors throughout Europe. The popularity makes that technical analysis and information about the AEX companies are widely available; just like news publications and economic data.
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