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New in DAX: Siemens Energy AG

Release date:
03 Mar 2021
| Deutsche Börse

New in DAX: Siemens Energy AG

Porsche Automobil Holding, Beiersdorf AG, Encavis AG and Nordex SE included in MDAX 
Several changes in SDAX and TecDAX

(Zug, 3 March 2021) - On Wednesday, Qontigo’s global index provider STOXX Ltd. announced changes to the DAX index family, which will become effective on 22 March 2021.

One change in DAX:
- Siemens Energy AG will be included and will replace Beiersdorf AG, which will be admitted to MDAX (regular entry rule).

Four changes in MDAX: 
- Beiersdorf AG (downgrade from DAX) replaces Siemens Energy AG (upgrade to DAX). 
- Porsche Automobil Holding (after admission of all issuers listed on the Regulated Market) replaces Aareal Bank AG (fast exit rule).
- Encavis AG replaces Metro AG (fast entry rule).
- Nordex SE replaces Osram Licht AG (fast entry rule).

Five changes in SDAX: 
- Osram Licht AG (downgrade from MDAX) replaces Nordex SE (upgrade to MDAX). 
- Metro AG (downgrade from MDAX) replaces Encavis AG (upgrade to MDAX). 
- Aareal Bank AG replaces Hornbach Baumarkt AG (fast entry rule). 
- Suess Microtec SE replaces Cropenergies AG (regular exit rule). 
- Leoni AG replaces SNP Schneider-Neureither & Partner SE (regular entry rule).

One change in TecDAX:
- SMA Solar Technology AG replaces New Work SE (fast entry rule).

These changes are partly based on the new rules that were introduced as part of the current DAX reform, which have become effective on 25 February:

- Index eligibility extended to all issuers in the Regulated Market of the Frankfurt Stock Exchange 
- Introduction of financial reporting requirements for annual and quarterly reports (comparable to current Prime Standard requirements)
- Introduction of requirement of audit committee
- Addition of regular DAX review in March 

The DAX reform will be concluded in September.

The next scheduled index review is 3 June 2021. 

DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Qontigo Index 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 about 13,000 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. 

Legal disclaimer:
STOXX Ltd., Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.