Benchmarks

The largest constituent of Germany’s equity benchmark has announced it plans to delist its shares from the Frankfurt Stock Exchange. A replacement in DAX and STOXX indices will be announced on Feb. 17.

Qontigo’s global index provider STOXX Ltd. announces that Linde plc will be deleted from the DAX index effective 27 February 2023. The reason for this is the company’s announcement related to the delisting of its ordinary shares from the Frankfurt Stock Exchange.

Qontigo has introduced the STOXX® World indices, a modular suite that allows investors to flexibly build portfolios covering a broad and liquid universe of markets.

The STOXX Global 1800 index fell 3.9% in dollars last month, for a loss of 17.9% in 2022. Momentum stocks led the retreat in the year while automobiles were the worst-performing sector. Dividend stocks performed relatively well despite a background of rising interest rates.

Stocks declined in December, wrapping the STOXX® Global 1800 index’s worst year since 2008, as investor concerns lingered about the impact of inflation and higher interest rates on economic and earnings growth.

In connection with a takeover, the free float of Uniper SE has dropped below ten percent and the company will be deleted from the SDAX. According to the „Guide to the DAX Equity Indices“, section 5.1.2, the company no longer meets the basic criteria required to remain in the index (minimum free float of ten percent).

Qontigo’s global index provider STOXX Ltd. has announced changes to the DAX index family, which will become effective on 19 December 2022.

The STOXX® Global 1800 index rose for a second straight month in November as investors raised expectations that higher interest rates are helping temper inflation.

The STOXX Global 1800 index added 7.1% in dollars last month, matching its performance in October. The benchmark has still lost 14.5% in 2022, poised for its worst year since 2008.

December 1, 2022 – Qontigo has announced the new composition of the STOXX Europe 600 Index

Qontigo has been busy in the past two years enhancing the DAX rulebook, to bolster the quality of constituent companies, bring selection criteria in line with international standards and improve representativeness of the underlying markets. Serkan Batir, Qontigo’s Managing Director for Indices, says the overhaul helps ensure the benchmark is fit for purpose in an evolving financial landscape.

The last two years have been among the most eventful in the blue-chip DAX® index’s three-decade life. Qontigo, which manages the German benchmark and its entire family of indices, has since 2020 pursued DAX’s biggest overhaul since its inception. The aim has been to bolster the quality of constituent companies, bring selection criteria in line with international standards and improve representativeness.