Forty is the new 30
THE STOCKMARKET index of Germany’s bluest chips is getting a makeover. Any week now the DAX will gain ten new members, bringing the total to 40. The newcomers will be the most valuable German firms not already in the index (so long as they can show two years of positive earnings before interest, taxes, depreciation and amortisation). The new DAX could reach €2trn ($2.4trn) in market value, from €1.6trn today. A few faster-growing members may boost the index’s mediocre returns. But probably not by much.
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This article appeared in the Business section of the print edition under the headline “Germany’s DAX blue-chip stockmarket index gets an update”