With this publication, BVI is launching a new series of research papers dedicated to the German market for ex-change-traded funds (ETFs). The objective is to present developments in this dynamic segment on a robust data basis and to make them accessible to a wider audience. This initial paper provides an overview of market size, its current development, and Germany’s position within the European and global context.
A distinctive feature of this series is its underlying data. In cooperation with Clearstream, BVI began compiling a new ETF statistic in January 2025, offering detailed insights into German investors’ holdings and net inflows at-tributable to the German market. For the first time, this enables an accurate and comprehensive analysis of the German ETF market’s structure, with a level of detail previously unavailable. Earlier studies could only approxi-mate the German market using European aggregates or selective samples; now, a consistent data source fo-cused on ETFs distributed in Germany is available. This material is unique in Europe and allows key questions regarding investor behaviour and market trends to be addressed.