Deutsche Börse Extraordinarily Adjusts DAX Weightings
Release date: Oct 28, 2008
Volkswagen AG to be capped at 10 percent
Against the backdrop of recent share price performance of Volkswagen AG common shares Deutsche Börse AG decided on Tuesday, 28 October, to extraordinarily adjust the weightings of the DAX constituents. Thus, the 10 percent capping rule applied on a regular basis on the chaining dates will be extraordinarily brought forward for Volkswagen shares as per start of trading next Monday, 3 November. The weighting of Volkswagen shares will hence be reduced to 10 Percent, if the weighting is above this threshold at the end of trading on Friday. Per Tuesday close of trading Volkswagen was weighted with 27 percent.
By capping Volkswagen AG the weightings of all other DAX constituents will be changed as well. Basis for the rebalancing will be the Xetra closing price on next Friday, 31 October. The next regular date for adjusting the index is 22 December.
This adjustment is an extraordinary measure within the framework of the Guide to Equity Indices.
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