Mission statement of the German investment fund sector

As fiduciaries we have a duty to the investor.
We want sustained investment success.
We create benefits for both the economy and society.
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 > Figures

Savings allocation of German households

Main assets of households
(EUR billions)
  2006 2007 2008 2009 2010
Currency & Deposits 1,535  1,621  1,738  1,788 1,868
Debt securities  375  345  359 413 403
Quotes shares 349 369 182 192 231
Life & Pension funds  1,370  1,446 1,477 1,555 1,630
Investment funds 515  549 504 549 587
  • Direct ownership
n/a  n/a n/a  n/a n/a
  • Via life ins. policies
n/a n/a n/a n/a n/a
  • other
247 230 211 203 215
Total financial assets 4,392 4,560 4,471 4,700 4,934
Total net wealth 4,392  4,560 4,471 4,700 4,934

 

Net asset acquisition by households
(EUR millions)
  2006 2007 2008 2009 2010
Currency & Deposits 42,500 85,900 121,000 49,900 80,200
Debt securities 28,400 -53,600 1,400 3,600 -14,000
Quoted shares -5,000 -16,500 -45,500 -1,000 2,200
Life & Pension funds
76,400 76,200 38,000 70,500 73,300
Investment funds -6,500 24,300 8,200 22,100 8,900
Other -2,000 -1,200 200 1,900 3,000
Total financial assets 133,800 115,100 123,800 147,000 153,600

Source: Deutsche Bundesbank, BVI

 

Although the absolute figures in table 9 are subject to considerable between-year corrections by Deutsche Bundesbank, the relative orders of magnitude remain mostly unaffected which is no surprise since they are related to stable overall economic conditions. As regards investment funds, a proportion of 11.9 percent at the end of 2010 means a rather satisfactory figure similar to what could be seen for the last time before the crisis (12.0 percent at the end of 2007). Investment funds improving their proportion in terms of saving efforts if compared to other vehicles is indeed good news because net acquisitions by households reached an all-time high in 2010. Nevertheless, a lot of work remains to be done to raise the absolute and relative importance of investment funds to a level consistently and significantly above the current status.

 

 

 
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BVI Bundesverband Investment und Asset Management e.V.
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