Posted on Sep 4, 2021, 5:41 PMUpdated on Sep 4, 2021, 8:00 PM
With ten new members, the index of the main stocks of the Frankfurt Stock Exchange will have a little back-to-school look on September 20. The list of newcomers who will increase the Dax from 30 to 40 members was announced on Friday evening. Alongside heavy goods vehicles like Airbus, already listed in Paris, the “new economy” is making a strong entry there with the online clothing sales site, Zalando, and the cooking box service, HelloFresh.
By reforming for the first time in thirty years, the flagship index of Frankfurt “will become more representative of what is happening on the German market, including 80% of market capitalizations”, notes Michael Grote, of the Frankfurt School of Finance & Management. The “Dax 40” should become more attractive for investors by aligning it with European standards: the Paris and Milan stock exchanges already have 40 members, that of Madrid, 35, he recalls.