Category Archives: AEX

AEX index since inception with and without dividends re-invested

The AEX index is an index grossly composed of the 25 largest listed companies by market capitalisation on the Amsterdam Stock Exchange (Euronext). As of today the company with the highest weighting in the index is ASML. As can be seen in the table below is that the top 5 companies in the index have a total weighting of almost 50% while the top 10 has a total weighting of almost 70% in the index.

Top 10 AEX Index components by weight
Top 10 AEX Index components by weight as of September 3, 2019 (source iShares AEX ETF)

In the past I’ve shared a chart which showed the AEX index since inception with dividends re-invested and without. It’s time to share an updated version of that chart. This chart is a great example of how the compounding of dividends positively impacts long term investment returns. Via Twitter.

AEX index since inception with and without dividends re-invested March 1983 - September 2019 (Dutch: AEX herbeleggings index)
AEX index since inception with and without dividends re-invested March 1983 – September 2019

AEX Index Since Inception With And Without Dividends

Below is a chart courtesy of @beursanalist showing the AEX index since its inception in 1983 with and without dividends.

The AEX started on January 3 1983 with a starting price of € 45. As I write this blogpost the AEX index is at 350,74.

Aex Index including dividends

This chart shows how important compounding (the re-investment of your dividends) really is over a long term.

The return without compounding is roughly 677% over 30 years while the return with compounding is roughly 1900%.

Now I only need to get my hands on an AEX-inflation-adjusted chart.