Deutsche Boerse designing new DAX index without caps
Published by Global Banking & Finance Review®
Posted on February 10, 2025
1 min readLast updated: January 26, 2026

Published by Global Banking & Finance Review®
Posted on February 10, 2025
1 min readLast updated: January 26, 2026

Deutsche Boerse is designing a new index without caps, allowing companies like SAP to exceed current DAX limits. Launch expected in Q1.
BERLIN (Reuters) - Deutsche Boerse is designing a new index to run alongside the current benchmark index DAX that would not build in caps that limit the weighting of individual component stocks, the exchange operator's ISS Stoxx division said on Monday.
The new index, due to be published in the first quarter of this year, will not limit a single company from becoming more than 15% of the index, as is the case with the current DAX.
The issue of limits has arisen due to the increase in the shares and market capitlization of business software company SAP, whose size dwarfs other constituents of the DAX but is now limited in the index's weighting.
Business magazine Capital first reported the new index.
(Reporting by Andrey Sychev and Tom Sims, Editing by Friederike Heine)
The article discusses Deutsche Boerse's plan to create a new DAX index without caps on company weightings.
To address issues with current caps limiting company weightings, particularly affecting SAP.
The new index is expected to be published in the first quarter of this year.
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