Recon Capital DAX Germany ETF (DAX) is an exchange-traded fund (ETF) that seeks to track the performance of the DAX Index, a benchmark index for the German equity market. The ETF was launched in 2015 and is managed by Recon Capital Partners, a Connecticut-based investment firm.
The DAX Index is composed of 30 blue-chip stocks traded on the Frankfurt Stock Exchange, including companies such as BMW, Deutsche Bank, and Siemens. The index is widely recognized as a leading indicator of the German economy and is closely watched by investors around the world.
As of February 25, 2023, Recon Capital DAX Germany ETF has a net asset value of approximately $9.7 million and total net assets of approximately $8.8 million. The ETF has an expense ratio of 0.45%, which is relatively low compared to other ETFs.
Investing in Recon Capital DAX Germany ETF provides investors with exposure to the German equity market and allows them to participate in the growth potential of the companies included in the DAX Index. However, as with any investment in equities, there are risks involved, including market volatility, economic conditions, and changes in the political and regulatory environment. Investors should carefully consider their investment objectives and risk tolerance before investing in the Recon Capital DAX Germany ETF or any other ETF.
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