Stock Investments

Flying High with German Midcaps

  • Why it matters

    Why it matters

    In an age of low returns, mid-caps in Germany may offer investors some of the best opportunities. But some fear the index is already overvalued.

  • Facts


    • Germany’s MDAX mid-cap equity index, launched in 1996, broke the 20,000 barrier for the first time last Friday.
    • The MDAX has climbed faster over the last two decades than Germany’s benchmark DAX, which in early February reached a record high of 11,401.66.
    • The MDAX includes 50 smaller and medium-sized companies in Germany. The DAX is made up of Germany’s 30 largest firms.
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The Rise of the MDax-01 (4) with caps


Stock markets around much of the world are regularly breaking records.

The Dow Jones Industrial Average hit another record high last week. European stocks traded at seven-year highs on Monday. Germany’s benchmark DAX index of the country’s 30 largest companies topped 11,000 at the start of February and hasn’t looked back.

And yet it is Germany’s lesser known mid-cap index, the MDAX, a collection of 50 medium-sized firms, which has shown the strongest gains over the past year, and indeed over the past two decades since it was founded.

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