Adding 10 Extra Stocks Still Leaves German Markets Trailing France (And Apple)

Adding 10 Extra Stocks Still Leaves German Markets Trailing France (And Apple)
Andrew Rummer

over 2 years ago1 min

Mentioned in story

Germany added 10 extra companies to its benchmark stock index this week. Yet even after the additions the market remains significantly smaller than neighboring France – and don’t even mention the US...

The DAX Index grew from 30 stocks to 40 on Monday, bumping up its value to $1.98 trillion. Yet, as the chart above shows, that still falls someway short of France’s CAC 40, which houses the same number of companies.

And the US stock market – by far the world’s biggest – only needs one representative to trump poor Germany: iPhone maker Apple alone is worth a stunning $2.4 trillion.

Despite Germany’s famous manufacturing clout and status as by far the largest economy in Europe, the nation’s stock market is relatively small. That’s partly because many of the medium-size firms that make up Germany’s economic backbone – the so-called Mittelstand – are family owned companies with no desire to list their shares publicly on the stock market.

Conversely, in the US, joining the stock market is almost considered a rite of passage as a company grows. And large firms that stay in private hands are much rarer. 

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