DAXGlobal X DAX Germany ETF
DAX Fund Description
DAX tracks a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange.
DAX Factset Analytics Insight
DAX offers a concentrated, mega-cap play on German stocks. It tracks the most famous German equity index, the DAX, which holds the 30 largest German companies by market cap. Since most of Germany’s mega-caps are export-oriented, DAX can also be viewed as a play on Germany’s exporting prowess. Unlike some of its total-market peers, the ETF is not currency-hedged, meaning DAX investors are fully exposed to movements in the euro. Note that the underlying index is reviewed quarterly. The fund was also rebranded from Recon Capital to Horizons in February 2017.
DAX MSCI ESG Analytics Insight
Global X DAX Germany ETF has an MSCI ESG Fund Rating of A based on a score of 7.19 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Global X DAX Germany ETF ranks in the 72nd percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DAX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
DAX Summary Data
DAX Portfolio Data
DAX Index Data
DAX Portfolio Management
DAX Tax Exposures
DAX Fund Structure
DAX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DAX. DAX is rated a 4 out of 5.
DAX Sector/Industry Breakdown
DAX Top 10 Holdings[View All]
DAX Economic Development
DAX Performance Statistics
DAX MSCI ESG Ratings
DAX Benchmark Comparison Summary
DAX Benchmark Comparison Market Cap Size