Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Germany ETFs Follow The Breakout

Benzinga.com
0 Comments| March 17, 2015

{{labelSign}}  Favorites
{{errorMessage}}

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

Click to enlargeMore...


{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company