Unscheduled adjustment in DAX

– Adjustments due to spin-off of Vitesco Technologies Group AG from Continental AG
– DAX calculation on 16 September with 31 companies

Qontigo’s global index provider STOXX Ltd. has announced an unscheduled change to the DAX index. Following the spin-off of Vitesco Technologies Group AG from Continental AG, an adjustment of the DAX index is required: On 16 September 2021, Vitesco Technologies Group AG will be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

Vitesco Technologies Group AG will enter the index with a price of zero. The total number of shares and free float used for the company in the index are given by the parent share (Continental AG) in the index and the ratio for the spin-off. At the closing of Xetra-trading on 16 September, Vitesco Technologies Group AG is taken out of the DAX index again, and the Continental AG weighting will be adjusted accordingly.

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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. 

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