On Wednesday, Deutsche Börse has decided on changes in its equity indices DAX®, MDAX®, SDAX® and TecDAX® that will take effect on 23 March 2009. The shares of Fresenius Pref and Hannover Rückversicherung will be included in DAX and will replace Infineon and Deutsche Postbank. The exclusion of Infineon and Deutsche Postbank was based on the fast-exit rule, the shares do no longer fulfill the market capitalization requirements of the DAX index.
The share of Deutsche Postbank will replace the share of Fresenius pref in MDAX. At the same time Rational will be included in MDAX replacing the share of Hannover Rückversicherung. ElringKlinger will be included in MDAX, Aareal Bank leaves the index.
The share of Aareal Bank will replace the share of Rational in SDAX. CeWe Color will be included in SDAX, whereas ElringKlinger will leave the index.
Infineon will be included in TecDAX. Manz Automation will leave the index.
The next equity index review is scheduled for 4 June 2009.