Deutsche Börse : Unscheduled free float adjustment in MDAX
11/20/2020 | 04:05pm EST
Release date: 20 Nov 2020| Deutsche Börse
Unscheduled free float adjustment in MDAX
(Zug, 20 November 2020) - On Friday, Qontigo's global index provider STOXX Ltd. an-nounced an unscheduled change to the MDAX index.
Due to the takeover of Metro AG (DE000BFB0019) by EP Global Commerce the free float of Metro AG changed by more than 10 percentage points.
According to the Guide to the DAX Equity Indices, section 5.1.4., the company's free float will be adjusted in the index from the current 46.94 percent to 36.34 percent.
These changes will become effective on 25 November 2020.
The next scheduled index review is 3 December 2020.
MDAX® is a registered trademark of Qontigo Index GmbH.
Andreas v. Brevern
+49 69 2 11 14284
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. www.qontigo.com
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. www.stoxx.com
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Deutsche Börse AG published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 21:04:00 UTC