Due to the inclusion of Porsche AG in the leading Dax index, sporting goods manufacturer Puma has been relegated to MDax and replaces battery manufacturer Varta, which has been downgraded to the SDax small-size index. Deutsche Börse announced late Monday evening.
As a result, online fashion retailer About You stays out of SDax. In addition, Deutsche Wohnen, which is still on the MDax list, will be replaced by the bioethanol producer Verbio, which is on the SDax list. The changes will take effect on Monday, December 19th. They are important for funds that track indices. You then need to redeploy accordingly.
Chip maker Elmos Semiconductor and US telecom supplier Adtran’s subsidiary Adva (Optical) and SDax also have two climbers. In turn, real estate developer Instone and specialty drug provider and wholesaler Medios will be excluded from the minor index. Experts other than Adva and Medios had largely predicted the changes in the indices.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
