Global X DAX Germany ETF (DAX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
DAX Chart
A mammoth economic stimulus passed last year in Germany was meant to jolt the country—and Europe—out of its economic slumber. The problem: Germans just aren't good at spending money.
While much of the rest of the developed world is swimming in too much debt, Germany is having trouble using just a tiny bit more.
DAX, CAC and FTSE Forecasts – European Area Indices Hesitate but Show Signs of Dip Buying
The Euro area indices continue to move on rates, but it is move nothing that there was a real turnaround in two of the three in this article later in the day.
These 3 Country ETFs Are Big Beneficiaries of the Iran Ceasefire
The tenuous ceasefire in Iran has the S&P 500 roaring back to life, reversing a month-long decline that put consumers and investors on edge. But the jump in U.S. stocks might have hidden the true beneficiaries: international stocks dependent on energy imports to sustain their economies.
Global X DAX Germany ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Dina Fliss Global View Capital Management LLC | 25,558 | $1.14M | $1.16M | $13,483.49 | 1.18% |
| JHW Jefferson H. West Legacy Investment Solutions LLC | 70 | $3,146 | $3,172.4 | $26.4 | 0.84% |
| LWM Legacy Wealth Managment LLC/ID Legacy Wealth Managment LLC/ID | 70 | $3,146 | $3,172.4 | $26.4 | 0.84% |
Global X DAX Germany ETF (DAX) FAQ
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Global X DAX Germany ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is primarily focused on investing in the securities of the top-performing and most actively traded companies in the German equities market, colloquially referred to as blue-chip companies. To achieve this, it allocates at least 80% of its total assets towards securities that are a part of the underlying index which tracks these leading corporations. Additionally, the fund incorporates investments in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on the securities in the underlying index, providing a broader spectrum of investment opportunities. It is important to note that the fund operates with a non-diversified investment strategy, focusing its assets more heavily on fewer securities which it identifies as having the strongest potential.
Products and Services
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Securities of the Underlying Index
The core of the fund's investment strategy focuses on the securities that make up the underlying index which tracks Germany's largest and most actively traded companies, or blue chips. This method aims to ensure that the fund's investments are positioned within the top echelon of the German equity market, representing established, high-performing companies.
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American Depositary Receipts (ADRs)
As part of its diversified approach, the fund invests in ADRs which are negotiable securities representing the ownership of shares in a non-US company, in this case, German companies listed in the underlying index. ADRs allow the fund to gain exposure to foreign equities with the convenience of trading in US dollars, providing an efficient way to invest internationally.
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Global Depositary Receipts (GDRs)
Similar to ADRs, GDRs are a type of bank certificate that represents shares in a foreign company, offering an alternative method for the fund to invest in the German equity market. GDRs can be traded globally, allowing the fund enhanced flexibility and access to foreign investments beyond the US market. This is particularly beneficial for diversifying the investment portfolio and tapping into international growth opportunities.
