NEW YORK (dpa-AFX) - The US bank JPMorgan expects continuity in the leading index Dax at the index review of the German stock exchange this Wednesday evening. In the MDax DE0008467416>, the index for medium-sized stocks, analyst Pankaj Gupta expects the industrial recycler Befesa to give way to the drug researcher Evotec, according to calculations from November 21. Befesa would have to be relegated to the SDax, the index of smaller stocks.

In the TecDax, Gupta expects that SMA Solar will have to make way for the internet service provider Ionos.

Deutsche Borse will review the indices of the Dax family (Dax, MDax, SDax and TecDax) on the evening of December 4 and will announce any changes after the close of trading in the US. The changes will come into effect on Monday, December 23.

Index changes are particularly important for funds that replicate indices in real terms (physically replicating ETFs). They must then be rebalanced accordingly, which can have a short-term impact on share prices./ck/jha/