The German stock market is on an absolute tear in 2015. Germany's stock index known as the DAX, which is equivalent to the Dow Jones Industrial Average or S&P 500 Index, broke above 12,000 this week for the first time ever.
The index is made up of 30 blue-chip stocks, only three of which are down on the year. After poking its head above 10,000 in mid-January, it hasn't looked back and continues to set records on nearly a daily basis. The index is up 22 percent in 2015 and up 32 percent year over year.
Specific Growth Elements
The largest growth has come from the German auto industry, with three of the top four performing companies in the DAX being automakers so far this year.
Companies such as Volkswagen AG (ADR) (OTC: VLKAY), Bayerische Motoren Werk AG (BMW) (Bayerische Motoren W (OTC: BAMXY) and Bayerische Moterenwe (OTC: BAMXF) and Daimler AG (manufacturer of Mercedes-Benz) (OTC: DDAIF)(OTC: DDAIY) vastly outperforming their American counterparts General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: ...
/www.benzinga.com/etfs/sector-etfs/15/03/5333604/germany-etfs-follow-the-breakout alt=Germany ETFs Follow The Breakout>Full story available on Benzinga.com
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