ALIZY - Why The German DAX30 Is Lagging

1. The composition of the German DAX30 - not representative for the German economy

The German DAX30 is the biggest index for German stocks and one of the most important performance indexes of Europe.

DAX30 composition (as of 06/22/20)

(Source: Wikipedia)

The German DAX30 just represents a small fraction of the German economy as many companies from the so-called "Mittelstand" are not listed on the Frankfurt stock exchange and are not represented in the DAX. Many hidden champions from Germany are family-owned and not listed or they are part of the smaller indexes. A