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Porsche AG
P911,
the German sports-car maker, has replaced clothing brand Puma SE on Germany’s DAX index effective Dec. 19, Deutsche Boerse AG said late Monday.
The DAX contains the country’s top 40 major blue-chip companies.
Puma
PUM,
has been moved to Germany’s MDAX index which tracks the 50 largest companies which follow the DAX.
The composition is reviewed every three months and selection is based on free float market capitalization, Deutsche Boerse said.
The next review of the DAX is scheduled to take place on March 3, Deutsche Boerse said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
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