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.