When Manfred Zass tells the story about the Dax, his dog plays a major role in it. For weeks, the Frankfurt financial greats had racked their brains at the end of the 1980s as to what they should now call their planned leading index. They had derived the most effective idea so far from the electronic price information system, so the German stock exchange barometer almost belonged to the abbreviation “Kiss”. In London, however, this idea was received in a rather British, undercooled manner. So that savings bank man Manfred Zass, he once said, ended up going for a walk while walking the dog. Or rather: on the Dax.
ETF: Should investors now bet on the Dax? – Business
