Frankfurt returns are on par with the S&P 500, except for the 10-year return which is much better. Guess the German market didn’t drop as much in 2008-09. This is all despite talks of instability, and “Germany isn’t what it used to be”, high unemployment, ethnic groups taking advantage of the generous social support system etc etc.
The dogs are barking, and the caravan keeps going. A large part of the German economy is still based on manufacturing, not services. They’re in a stronger position by default.
German DAX is like DJIA in the US – 30 bellwether stocks.
(DE: 117.31 -5.38%) – iShares DAX ETF
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