Ten new companies joined the German DAX on Monday, September 20. This is the biggest change in the history of Europe's most important stock market index! The renewed DAX includes stocks of such well-known companies as Airbus, Porsche SE, Siemens Healthineers, as well as Beiersdorf, Zalando, Symrise, Sartorius, Brenntag, Hellofresh and Qiagen. The extended DAX will most fully reflect the modern structure of the German national economy: the 40 largest companies represent about 80% of the market capitalization and can be considered representative.
When trading indices, the risks are significantly lower than when trading stocks: by choosing an index, you diversify funds into several companies at once. The index allows you to benefit from positive and negative dynamics. Even if an individual company loses value, the index can increase.
As a matter of FreshForex traders convenience, the DAX30 index name remains unchanged in the company's services. Note, the index is up 12% since the beginning of this year and up 20% over the past 12 months. Open trades with the updated DAX and increase your profit today!
