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ETFs – a niche product for private investors (for now)

December 18, 2019
Region:
ETFs have gained in popularity among private investors who have expanded their ETF investment multiple times in recent years to approximately EUR 35 bn. Nonetheless, ETFs remain a niche product for private investors considering that their total mutual fund assets amount to EUR 622 bn. ETFs have been introduced as passive investment vehicles, but active ETF management is on the rise. The sustained low-interest rate environment could allow ETFs to tap into new client segments. In Q3, loans to German households were up by a record EUR 17.9 bn qoq, driven by a record surge of EUR 16.3 bn in mortgages. Deposits grew by EUR 13.6 bn – the smallest increase in seven quarters. The fact that some banks impose negative rates on deposits seems to create negative sentiment among German savers. [more]

More documents contained in "Germany Monitor,Germany Monitor Household finance"

110 (109-110)
July 6, 2007
Region:
109
The succession gap in Germany’s Mittelstand (small and medium-sized enterprises, or SMEs) is overstated. Attractive businesses have no difficulty finding new owners these days. However, with succession solutions outside the proprietor families on the increase, the successful, typically German (family) business structure could start to crumble. Might this also impair the German Mittelstand’s business capital – high flexibility coupled with organically evolved trust? In the long term many SMEs are looking at a bright future. Crucial to this – besides the efficient organisation of generation change – are new forms of cooperation and modern financing instruments. A better political environment for business start-ups and a more open-minded attitude to the immigration of business talent would strengthen the entrepreneurial landscape as a whole. [more]
May 19, 2006
Region:
110
In the coming decades, the demographic changes looming ahead will hit Germany with an impact never felt before. This applies not only to the pension system. It holds equally for the labour market, and will entail repercussions for wages and interest rates and thus growth potential and international capital flows. DB Research has analysed the complex interplay of these factors by using an overlapping generations (OLG) model. [more]
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