Er is considered the first league of stock market values, the German stock index Dax. It lists the supposedly strongest German companies. Many companies consider a listing in the Dax to be worthwhile because it means they are guaranteed a high level of visibility. Foreign investors in particular who do not want to or cannot deal too much with the German stock market have a prominent address in the Dax. Those who are included in the Dax also inevitably get into the corresponding index funds – this also increases the attractiveness.
But the Dax also has critics. The biggest criticism concerns its small size, after all it has only 30 values. A reform has brought about an increase in the Dax from 30 to 40, which will take place in autumn, but of course the jump is not very big. “The actual benchmark for the widest possible spread of values is the MSCI World or the S&P 500,” says Peter Kraus, who as Head of Small Cap Equities at Berenberg Bank is responsible for small, medium and very small values - the so-called micro, Small and mid caps.
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