Horizons DAX Germany ETF Price, Forecast, Insider, Ratings, Fundamentals & Signals

The German economy is facing a dreary economic backdrop, with an economic contraction in 2023 and downward revisions in growth expectations for 2024 and 2025. Despite the economic environment, DAX has outperformed both the broad developed ex-US market and the Eurozone in recent performance. Confidence in the German market remains for the time being, and DAX presents an opportunity for investors looking for exposure to premier German companies across sectors.

The German DAX Has Hit An All-Time High In December And This Is Why

The German stock market has gone parabolic in an exceptionally strong move, after meandering over the summer months with sub-par economic releases. The surface reason for this division is that the vast majority of German earnings are not driven by the domestic economy but by their multinational operations.

Investors were net purchasers of fund assets for the third straight week, adding a net $18.7 billion. Equity funds, money market funds, and taxable bond funds saw inflows, while alternatives funds, tax-exempt bond funds, mixed-assets funds, and commodities funds suffered outflows. Exchange-traded equity funds attracted $13.4 billion in weekly net inflows, while conventional equity funds experienced outflows for the sixty-first straight week.

With the German economy remaining stagnant in the second quarter of 2023, take a look into how Germany-heavy ETFs perform.

German equities have de-rated lower over the last month amid concerns about more rate hikes this year. But the resilience of the underlying economic data points to a more benign outcome for Global X DAX Germany ETF portfolio earnings. Relative to its earnings growth outlook, the DAX fund is priced very reasonably.

As Germany slips into a recession by contracting 0.3% in Q1, look into how ETFs are affected and how to navigate the uncertain economic conditions.

Germany's blue-chip index is a eyeing a fresh record as investors warm to its tech-lite mix of relatively lowly-valued but high quality industrials, carmakers, insurance and healthcare companies.

DAX: A 'Goldilocks' Scenario Is Back On The Table For Germany.

Investors will understand by now the value of looking outside the U.S. for equities exposure. Yes, U.S. stock indexes are mostly up so far in 2023, but they're largely overvalued and beset by several looming challenges, from the recent bank crisis drama and all that portends to stubborn, sticky inflation and increasingly tight interest rates.