Unscheduled changes in SDAX and TecDAX

(Zug, 27 April) - On Monday, Qontigo’s global index provider STOXX Ltd. announced unscheduled changes to the SDAX index and TecDAX index. 

Due to the takeover of RIB Software SE (DE000A0Z2XN6) by Schneider Electric SE (FR0000121972) the free float of RIB Software SE falls below 10 percent. According to the Guide to the DAX Equity Indices, section 5.1.5. Adjustments in the Case of Mergers and Acquisitions, RIB Software SE shares will be deleted from SDAX and TecDAX. They will be replaced by Stratec SE (DE000STRA555) in the SDAX index and by Draegerwerk AG & Co KGaA (DE0005550636) in the TecDAX index.

These changes will become effective on 30 April 2020.

The next scheduled index review is 4 June 2020. 

SDAX^® and TecDAX^® are registered trademarks of Qontigo GmbH.
 

About Qontigo

Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the company’s world-class indices and best-of-breed analytics, with its technological expertise and customer-driven innovation enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of STOXX, DAX and Axioma, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.

About STOXX

STOXX Ltd. is Qontigo’s global index provider, currently calculating a global, comprehensive index family of over 10,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets. 
STOXX is the administrator of the STOXX^® and DAX^® indices under the European Benchmark Regulation and exercises control over all benchmark administration processes within Qontigo.
STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds.

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