Germany’s DAX® is set for its third consecutive year of double-digit growth in 2025, outperforming pan-European indices. ETFs tracking the blue-chip benchmark and the MDAX® of German mid-caps, meanwhile, lured nearly EUR 6 billion through July.
To analyze the reasons for this resurgent interest in German equities, Veronika Kylburg, Head of Global Benchmarks DAX at STOXX, recently sat down for an interview with ETF Stream. Among several topics, Veronika also discussed the comprehensive overhaul of the DAX in recent years, including its enlargement to 40 constituents, the increased quality requirements for member companies, and changes to the single-stock cap.
The article also explores the strong momentum of the MDAX and SDAX®, which tracks Germany’s small-sized companies, as investors seek a ‘deep Germany-focused’ strategy.
“For both institutional and retail investors, DAX is the definitive benchmark when it comes to gaining German equity exposure and will remain being so,” Veronika told the publication. “We will continue to refine the methodology, so the DAX remains representative of the German market, as well as relevant and fit for purpose for the next generation.”
We invite you to download the article here to read more.