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Global X DAX Germany ETF (DAX) is an exchange-traded fund that seeks to track the performance of an index composed of the largest companies listed on the Frankfurt Stock Exchange in Germany. The ETF is managed by Global X and trades under the ticker DAX on NYSE Arca.
Classified as an equity ETF with exclusive exposure to the German equity market, DAX aims to reflect, before fees and expenses, the performance of the securities included in its benchmark index.
The DAX 40 consists of the 40 largest companies listed on the Frankfurt Stock Exchange, representing large-cap segments of the German economy.
Constituents are weighted based on free-float-adjusted market capitalization, assigning greater weight to larger and more liquid companies. The index undergoes periodic reviews and rebalancing, which are reflected in the ETF’s holdings.
Composition and exposure profile
DAX provides exposure to the German equity market through large-cap companies across various sectors, including:
- Industrial companies.
- Financial institutions.
- Technology and services firms.
- Consumer and durable goods companies.
The portfolio composition reflects the sector structure of Germany’s leading publicly traded companies.
Structure and costs
DAX shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. The ETF trades exclusively under the ticker DAX.
History and evolution of the ETF
Global X DAX Germany ETF was launched to provide access to Germany’s primary equity index through a single exchange-traded instrument. Since inception, it has served as a vehicle for exposure to the German market, tracking the development of the country’s largest listed companies.
In recent years, the ETF has reflected movements associated with European Central Bank monetary policy, shifts in Germany’s industrial dynamics, and broader macroeconomic developments affecting European equity markets.
Additional Information
Global X DAX Germany ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $251.26 Millions.
Over the past 12 months, Global X DAX Germany ETF recorded a return of 3.06%, with its price trading between $40.48 and $47.52 during the same period.
The ETF is traded under the ticker DAX.
