Stoxx announces changes after index review

IndicesIndex provider Stoxx has announced the composition of its benchmarks after a regular rebalancing exercise.

When European markets open on September 21, Auto Trader Group, Recordati, Technicolour, Dassualt and Bovis Homes will be added to the Stoxx Europe 600 Index, while companies including Modern Times and Neopost will be removed.

The Stoxx North America 600 and Stoxx Asia/Pacific 600 indices are also included in the review.

The changes are announced after the conclusion of a quarterly component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on September 11 after the close of markets. In the case of upcoming mergers and acquisitions occurring until the final implementation date, the composition of the indices may change.

In an earlier readjustment, Morocco is no longer classed as an emerging market.

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