There are several reasons why we are going to focus on German stocks, particularly those in the DAX40.
Firstly, Germany is a comparatively well run country compared to other democracies, or autocracies. Factors considered include: rule of law; politics; an educated population; and, a productive non-government sector.
Secondly, we like the spread of industries: banking; insurance; technology and IT; manuafacturing; medical; chemicals; et cetera. They don’t have a “Magnificent 7” but they have companies that have been churning out cashflow for decades!
Thirdly, there is an unusual deference to management by local investors that give international investors an e