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Germany’s DAX to Get Bigger, Stricter After Wirecard Fiasco

  • Large-cap benchmark to grow from 30 to 40 members next year
  • Owner to tighten reporting requirements, require profitability
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Germany’s DAX index plans its most sweeping overhaul since its inception, adding 10 new companies and new quality controls after the implosion of Wirecard AG rocked investor confidence in the gauge.

The changes will trigger billions of euros of passive flows for the new members. Those are likely to come from the largest stocks in Germany’s MDAX gauge, which include Airbus SE, Siemens Healthineers AG, Sartorius AG and Zalando SE. Index operator Qontigo will boost the number of DAX members to 40 from 30 in the third quarter of next year, while reducing MDAX membership to 50 from 60 companies, it said in a statement.