DAX Index to Be Expanded to 40 Members With New Rules on Membership
November 24 2020 - 2:57AM
Dow Jones News
By Cecilia Butini
Deutsche Boerse AG said Tuesday that the German benchmark index
DAX will be expanded by 10 members to a total of 40 starting in
September 2021, and that new rules put in place by index provider
STOXX Ltd. are set to regulate membership in the index.
The German stock-exchange operator also said that the MDAX index
will be reduced from 60 to 50 members.
According to Deutsche Boerse, starting next month all future DAX
candidates will need to have had positive earnings before interest,
taxes, depreciation and amortization in their two most recent
annual financial statements.
The current requirement that such companies be listed in the
Prime Standard of the Frankfurt Stock Exchange will end in March
2021, as companies in the DAX Selection Indices will be mandated to
publish audited annual financial reports and quarterly statements,
Deutsche Boerse said. Instead, a listing on the Regulated Market
will be sufficient, the operator said.
"The comprehensive changes in the index rules were decided to
increase the quality of the DAX indices and to align them with
international standards," Deutsche Boerse said.
A proposal to exclude companies from the DAX that are "involved
in controversial weapons" was rejected, according to the
stock-exchange operator.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 24, 2020 02:42 ET (07:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Deutsche Boerse Ag Namen... (PK) (USOTC:DBOEF)
Historical Stock Chart
From Oct 2024 to Nov 2024
Deutsche Boerse Ag Namen... (PK) (USOTC:DBOEF)
Historical Stock Chart
From Nov 2023 to Nov 2024
