Check out a comparison of Germany's DAX Index to the S&P 500 Index. Notice that in local currency, the DAX has performed almost exactly the same as the S&P 500, the price ratio of the two has been quite steady. However, the Germany ETF (EWG) has badly lagged the S&P 500 ETF (SPY). The last chart is the euro ETF (FXE), the pattern of which shows from whence the weakness in EWG comes.
JuneX Capital Partners Launch “Founders Office“ with €100M Evergreen Fund
to Back European Entrepreneurs in Human Capital and Investment Management
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Press release
Sophia Antipolis, London, April 24rd, 2024
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