NEW YORK (dpa-AFX) - US bank JPMorgan expects two changes in Germany's leading DAX index during the regular review in September. Based on current data, property platform operator Scout24 and plant manufacturer Gea are likely to join the DAX from Monday, September 22. This would mean that the two Porsche companies--the carmaker Porsche AG and VW holding company Porsche SE--would likely be relegated to the MDAX, analyst Pankaj Gupta wrote in a report released Monday.
The changes predicted by Gupta are largely a result of the divergent share price developments. Shares in Porsche AG have been the biggest loser in the DAX this year, falling by almost 27 percent. Porsche SE has lost just over 5 percent in the same period. In contrast, Scout24 shares have surged by over 42 percent in 2025, while Gea has gained nearly 22 percent.
Deutsche Börse will review the indices of the DAX family (DAX, MDAX, SDAX, and TecDAX) on September 3 and announce any changes after the close of US trading.
Index changes are particularly important for funds that physically replicate indices (such as physically replicating ETFs). These funds must adjust their holdings accordingly, which can impact share prices./ck/jha/
