There is a widespread, general distrust of equities among German pension savers. This tendency applies to a lesser extent in the federal state of Hessen, where the financial metropolis Frankfurt is located. Hessen is the German state with the largest capital holdings, valued at EUR 48,000 per capita. This is over twice the German average.
Solid returns over several years from financial markets have have contributed to the high level of Hessian wealth – and the leading German DAX index has doubled since the financial crisis. German skepticism remains nonetheless common. Thomas Brand, who is Head of Institutional business in Germany for the Danish bank Jyske Bank has also noticed this.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.