#ForexChief #DAX30 #trading #forexschool #forexeducation #DAX40 #Porsche #MDAX⠀
💱 DAX is being updated! What should a small investor do?⠀
📊 Germany's largest stock index has carried out the most ambitious reform since its inception: a list of companies that "transform" DAX30 into DAX40 has been identified.
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From September 20, 10 members will be added to DAX: Airbus, Zalando, Siemens Healthineers, Symrise, HelloFresh, Sartorius, Porsche Automobil Holding, Brenntag, Puma and Qiagen. They "migrated" from the mid-cap group (
MDAX). Analysts expect a positive effect from this rebalancing - the DAX becomes more diversified, and the reporting conditions become more stringent, but transparent.
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When investors from America, Saudi Arabia, or China invest in Europe, they always pay attention to the DAX, although this index cannot be considered an absolute indicator: the modern German economy is too dependent on the global euro exchange rate.
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German burghers love to invest in shares of DAX components and, of course, choosing from 40 companies instead of 30 is more attractive. But the market is not expecting a special “fireworks” of prices - index speculators have long bought up free shares of new participants.
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But we also have a chance! We can:
▪️ Carry out operations with an index in the form of CFDs;
▪️ Buy CFDs on companies’ shares included in the DAX40;
▪️ Invest in ETFs with the participation of the indexes of the DAX group;
▪️ Use DAX40 for effective market analysis.
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Profits to y'all!