Global X DAX Germany ETF (DAX)
| Assets | $65.69M |
| Expense Ratio | 0.20% |
| PE Ratio | 15.19 |
| Shares Out | 2.02M |
| Dividend (ttm) | $0.77 |
| Dividend Yield | 2.36% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Ratio | 35.85% |
| 1-Year Return | +12.19% |
| Volume | 5,857 |
| Open | 32.53 |
| Previous Close | 32.61 |
| Day's Range | 32.53 - 32.82 |
| 52-Week Low | 29.29 |
| 52-Week High | 35.35 |
| Beta | 1.13 |
| Holdings | 43 |
| Inception Date | Oct 22, 2014 |
About DAX
Fund Home PageThe Global X DAX Germany ETF (DAX) is an exchange-traded fund that is based on the DAX index, a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange. DAX was launched on Oct 22, 2014 and is issued by Global X.
Top 10 Holdings
62.67% of assets| Name | Symbol | Weight |
|---|---|---|
| SAP SE | SAP | 16.04% |
| Siemens Aktiengesellschaft | SIE | 9.60% |
| Allianz SE | ALV | 8.08% |
| Deutsche Telekom AG | DTE | 7.46% |
| Airbus SE | AIR | 5.87% |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | MUV2 | 4.59% |
| Deutsche Börse AG | DB1 | 2.90% |
| Infineon Technologies AG | IFX | 2.75% |
| BASF SE | BAS | 2.73% |
| Mercedes-Benz Group AG | MBG | 2.64% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2024 | $0.657 | Jul 5, 2024 |
| Dec 28, 2023 | $0.113 | Jan 8, 2024 |
| Jun 29, 2023 | $0.651 | Jul 10, 2023 |
| Dec 29, 2022 | $0.111 | Jan 9, 2023 |
| Jun 29, 2022 | $0.606 | Jul 8, 2022 |
| Dec 30, 2021 | $0.333 | Jan 7, 2022 |
News
Cooling Of German Labor Market Continues In September
The gradual cooling of the German labour market continues, providing further arguments for the European Central Bank doves to put an October rate cut back on the table. Recruitment plans in both indus...
German Industrial Disappointment Continues
German industry disappointed in May, indicating that the entire economy could have fallen back into negative territory in the second quarter. Industrial production dropped by 2.5% month-on-month in Ma...
Inflation Slows Further As Economic Growth Wanes: Our Key Takeaways From The Eurozone Flash PMI
The deteriorating eurozone growth trend was led by France, which saw output fall for a second consecutive month and at the fastest rate for five months. Fueling the manufacturing downturn was a steepe...
Stronger Growth And Lower Inflation: Our Key Takeaways From The Eurozone Flash PMI
Business activity in the euro area rose for a third successive month in May, the rate of growth accelerating to a one-year-high. Price pressures cooled, with services sector inflation - the recent sti...
Eurozone Flash PMI Shows Economy Close To Stabilising In March, Price Pressures Ease
Business activity in the euro area came close to stabilising in March, as provisional PMI® survey data registered only a marginal decline in output of goods and services.
DAX: Tepid Growth Forecasts Not Hindering Momentum
The German economy is facing a dreary economic backdrop, with an economic contraction in 2023 and downward revisions in growth expectations for 2024 and 2025. Despite the economic environment, DAX has...
Germany's Stocks Are Looking Cheap
Not everything is so bad. The largest public Germany companies are more dependent on the global economy.
German Industrial Production Plunges Again
Industrial production plunged again, ending the year 2023 at some 10% below pre-pandemic levels, but we are seeing the very first signs of light at the end of a long tunnel. The sharp drop in both exp...
The German DAX Has Hit An All-Time High In December And This Is Why
The German DAX Has Hit An All-Time High In December And This Is Why
There Could Be A Simple Explanation For The Dax Moonshot Move
The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases. The surface reason for this division is that the vas...
Germany's Economic Health Check Shows Further Signs Of Weakness
The debate over whether Germany is emerging as the 'sick man of Europe' again has picked up steam once again over the summer. In our view, the answer is a resounding yes.
U.S. Weekly FundFlows Insight Report: Municipal Bond Fund ETFs Record Largest Weekly Inflow Of The Year
Investors were net purchasers of fund assets for the third straight week, adding a net $18.7 billion. Equity funds, money market funds, and taxable bond funds saw inflows, while alternatives funds, ta...
German Industrial Production Goes From Bad To Worse
German industrial production continues to decline, with a 0.8% drop in July and a 2.1% drop for the year. Energy-intensive sectors saw a decrease of 0.6% in July and are down over 11% for the year.
German Stagnation In The Second Quarter Confirmed
The second estimate of second-quarter GDP growth confirms the stagnation of Europe's largest economy and will do very little to end the 'sick man of Europe' debate. According to the just-released data...
The German Economy Is In A 'Slowcession' And Needs A New Reform Agenda
Another drop in Germany's most prominent leading indicator, the Ifo index, confirms that the economy is back on a downward trend before any upward trend had actually started. The optimism at the start...
Eurozone Flash PMI Signals Cooling Inflation Amid Rising Recession Risks
The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, based on approximately 85% of usual survey responses, dropped from 49.9 in June to 48.9 in July, its lowest since last November....
DAX: Still An Inexpensively Priced Play On The Resilience Of German Large Caps
German equities have de-rated lower over the last month amid concerns about more rate hikes this year. But the resilience of the underlying economic data points to a more benign outcome for Global X D...
Eurozone Flash PMI Shows Inflation Pressures Cooling In June As Economic Upturn Fades
Eurozone business output growth came close to stalling in June, according to the latest HCOB flash PMI survey data produced by S&P Global, pointing to renewed weakness in the economy after the brief g...
The German DAX Has Just Hit An All-Time High And This Is Why
The German DAX has hit an all-time high despite an energy crisis, inflation, and the Ukraine war. An examination of the national accounts shows why this amazing result has taken place despite all the ...
German stocks near fresh record on growth and energy cost optimism
Germany's blue-chip index is a eyeing a fresh record as investors warm to its tech-lite mix of relatively lowly-valued but high quality industrials, carmakers, insurance and healthcare companies.
Europe's Unionized Wage Pressures
For the first time in over a decade, labor unions have leverage - and fully intend to take advantage of it. Despite historically outsized wage settlements, real wages remain negative and are unlikely ...
DAX: A 'Goldilocks' Scenario Is Back On The Table For Germany
DAX: A 'Goldilocks' Scenario Is Back On The Table For Germany.
Can German Consumer Savings Raise Domestic Growth?
Cash is king in Germany. With inflation running high, we look at the German consumer's ability to increase spending, save less and support domestic growth.
Where Will The Next Vertical Line In Germany's DAX Point?
The German DAX broke its 200-day moving average in November of last year. It rose more than 3,000 points off its October low (up more than 26%) and is now technically in bull market territory.