Inside Dax: the Germany's Finest
What is the DAX?
The DAX is an index or a group of the 30 most powerful stocks listed on the Frankfurt Stock Exchange in Germany. The DAX is also referred to as the Deutscher Aktien Index and was incorporated on the 30th of December 1987. However, the foundation date of the DAX is the 1st of July 1988.
In terms of the number of companies that form a part of this elite group, it is only comparable to the Dow Jones which is an index of the New York Stock Exchange, which is also made up of the 30 most valuable companies in terms of the market realisation.
An interesting fact about the DAX is that it started at a base level of 1000 points and it is trading today around 9700 points. This signifies an increase of almost 900%. Another interesting fact is that the DAX30, along with its sister indices, forms the 10th largest stock exchange in the world (The Frankfurt stock exchange).
The market capital of the Frankfurt Stock Exchange today stands at approximately $1.5 trillion and the DAX30 value is 598 billion Euros ($809 billion). This means that the DAX30 contributes to approximately 60% of the market capital of the Frankfurt Stock Exchange.
Most of these companies have a global footprint and provide their products and services in major countries of the world and in different fields - automobiles, pharmaceuticals, banking and insurance, clothing, electronics, software, etc.
The Power List
Most of these companies have a global footprint and provide their products and services in major countries of the world and in different fields - automobiles, pharmaceuticals, banking and insurance, clothing, electronics, software, etc.
The Current List:
• Allianz
• BASF
• Bayer
• Beiersdorf
• BMW
• Commerz Bank
• Continental
• Daimler
• Deutsche Bank
• Deutsche Borse
• Deutsche Post
• Deutsche Telecom
• EON
• Fresenius
• Fresenius Medical Care
• Heidelberg Cement
• Henkel
• Infineon Tech
• K+S
• Lufthansa
• Lanxess
• Linde
• Merck
• Munich Re
• RWE
• SAP
• Siemens
• ThyssenKrupp
• Volkswagen Group
Top 10 in terms of Market Capital of the DAX30:
Top 10 in terms of Dividends:
Future of the DAX
Germany has always been considered as a power house or the factory of Europe. Companies of the DAX index have established markets all over the globe. From the year 2008 till date, the German markets have followed a positive trajectory. As the world markets improve, we can only say that the German companies will most probably prosper and grow.