AEX
AEX · EUR
Birthplace of the modern stock exchange.
Amsterdam hosts the oldest stock exchange in the world (founded for the VOC in 1602). Today the AEX is a small but extraordinarily concentrated index — a handful of world champions in semiconductors, luxury, and logistics deliver outsized global exposure.
Sector breakdown
What drives the index
Semiconductors
35%ASML's lithography monopoly anchors the index.
Consumer
20%Heineken, Unilever, Ahold Delhaize.
Financials
15%ING, ABN AMRO, NN Group.
Energy
12%Shell — one of Europe's largest oil majors.
Industrials
18%Wolters Kluwer, Randstad, Prosus.
Top companies
The franchises that matter
ASML
Only company on Earth that makes EUV lithography.
Shell
Integrated oil & gas supermajor.
Prosus
Holds the stake in Tencent.
Heineken
World's #2 brewer.
Adyen
Global merchant payments platform.
Latest News
Amsterdam invented stocks, bonds, short-selling, and the bubble — all before 1700.
ASML's EUV machines cost ~$200M each and weigh as much as two Airbus A320s.
The first stock ever traded was Dutch East India Company (VOC) in 1602.
- World-class champions
- Stable EU rule of law
- Logistics hub of Europe
- Extreme single-stock concentration (ASML)
- Cyclical semi exposure
- Export-dependent
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