Nebenwerte
Nebenwerte is a German term used in finance to describe stocks that are not part of the blue-chip index DAX. These are typically smaller- and mid-cap companies whose shares trade outside the large, highly liquid DAX names. The term is informal and context-dependent, and it is often used to distinguish non-blue-chip equities from the established, highly liquid blue chips on German stock markets.
In Germany, the main mid- and small-cap segments are the MDAX (mid-cap) and SDAX (small-cap). While MDAX
Nebenwerte typically exhibit higher volatility and lower liquidity than DAX stocks. They may offer higher growth
The investment approach for Nebenwerte varies. Some investors pursue active research and selective exposure, using fundamental
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