Global X DAX Germany ETF

DAX

Market cap $307M

After more than a decade of lackluster performance, established international and emerging markets are growing in popularity. What's driving this, and what could derail this investor enthusiasm?

I maintain a buy rating on the DAX ETF, citing its attractive valuation and solid long-term uptrend, despite recent momentum loss. DAX offers efficient, diversified exposure to Germany's largest companies, with a low expense ratio and a notable P/E discount to the S&P 500. The ETF is concentrated in top holdings and cyclical sectors, so performance hinges on these stocks, especially during earnings season.

Optimism over a US-EU trade deal and strong bank earnings lift the DAX, but ECB caution and trade risks keep the forecast mixed.

German Chancellor Friedrich Merz predicts GDP growth next year after three stagnant years. His approval rating is up, and so are the markets.

Goldman Sachs Bank Europe CEO Wolfgang Fink discusses the German economy and investor sentiment on the sidelines of the Goldman Sachs European Financials Conference in Berlin.

German stocks have been on a tear in 2025, vastly outperforming both their European peers and U.S. counterparts. The DAX index, Germany's flagship benchmark, is up over 20% year-to-date, outshining the broader Stoxx 600, which has posted a more modest 8% gain.

Tim Seymour, Seymour Asset Management CIO, joins 'The Exchange' to discuss international plays for investors.

Donald Trump says the US and the EU have agreed to postpone the imposition of tariffs until July, as they attempt to negotiate a trade deal.

Investors typically diversify global portfolios with broad international ETFs. But recent market volatility has caused investors to look more closely at various international opportunities.

Four of the nine indexes on our world watch list have posted gains through April 21, 2025. Hong Kong's Hang Seng is in the top spot with a year to date gain of 9.03%.