Germany’s snap election on Sunday, 23 February, has come against a backdrop of economic malaise in Europe’s largest economy. Patience with the incumbent Chancellor, Olaf Scholz, of the Social Democratic Party, had grown thin after two consecutive years of negative GDP growth. Mr Scholz said his hands had been tied by the German ‘debt brake’, a rule inserted into the German constitution by Angela Merkel in 2009 which limits the annual deficit of the federal government to 0.35% of GDP. But Mr Scholz’s political rival Friedrich Merz, the leader of Mrs Merkel’s former party the Christian Democratic Union and Christian

Germany is set to hold snap elections on 23 February 2025, in an effort to establish a stable government following the collapse of Chancellor Olaf Scholz’s three-party coalition on 6 November. The political discord is the culmination of a series of adverse economic shocks to Germany – an economy that not so long ago prospered on the back of abundant energy, and a benign, pro-trade international political environment. Germany’s misfortunes began with post-pandemic inflation, and were heightened by the impact of the Russo-Ukrainian conflict on energy prices, for a manufacturing sector previously dependant on Russian gas. Add to this the

It is common sense that Luxembourg is the leading fund domicile for mutual funds in Europe, while Ireland is the leading domicile for ETFs. Nevertheless, it might be somewhat surprising to see the level of dominance of Ireland’s position when it comes to ETFs. At the end of June 2024, ETFs domiciled in Ireland accounted for €1,314.7 bn, or 72.46%, of the overall assets under management in the European ETF industry, while Luxembourg accounted for €335.1 bn, or 18.47%, of the overall AUM. In turn, this means that all other ETF domiciles in Europe combined account for only 9.07% of

On April 5, 2024, LSEG Lipper unveiled the results of the LSEG Lipper Fund Awards for Germany in conjunction with our long-term media partner Mein Geld. Like previous years, the award ceremony was not held as a physical in-person event. Since the last five years were a very challenging period for fund managers globally, the LSEG Lipper Fund Awards will get a lot of attention from the asset management industry since only those managers who were able to adapt their portfolios permanently to new market environments received a LSEG Lipper Fund Award for 2023.   Different methodologies lead to different

The recently released IFO survey indicates that Europe’s largest economy, Germany, has continued to weaken after entering a technical recession in the second half of 2023. The headline measure sank in February, with businesses reporting worsening in both current conditions and expectations in relation to future sales. At face value, this implies that the economy has continued to contract throughout the first quarter, albeit at a slower rate than was seen in the second half of 2023. Some of the headwinds the German economy faced last year have abated. Headline inflation dropped from 8.7% in January 2023 to 2.9% in

On March 21, 2023, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Germany in conjunction with our long-term media partner Mein Geld. The awards are based on the Lipper Leader rating for Consistent Return. These ratings are calculated using a utility function based on the effective return over multiple non-overlapping periods—within the respective three-, five-, and 10-year horizons, based on Lipper’s proprietary performance-based methodology. Eight Group Awards, including the coveted Overall Award, were also given to firms with superior asset class performance. Digital trophies were awarded to winning individual and group funds. The Lipper Fund Awards is

On March 21, 2023, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Germany in conjunction with our long-term media partner Mein Geld. Like previous years, the award ceremony was not held as a physical in-person event. Since the last five years were a very challenging period for fund managers globally, the Refinitiv Lipper Fund Awards will get a lot of attention from the asset management industry since only those managers who were able to adopt their portfolios permanently to new market environments will receive a Refinitiv Lipper Fund Award in 2023.   Different methodologies lead to

The European ETF industry shows a high concentration of assets under management at the promoter level. This may lead to the assumption that assets under management must show a high concentration on the level of the fund domiciles too, since common sense would expect that the promoters of ETFs tend to launch all their ETFs in a single domicile. This assumption is not 100% true, since especially those ETF promoters with large product ranges and/or a local bank as a distribution channel are tailoring their product offerings to the needs of all stakeholders. This means the respective ETF promoters launch

The Refinitiv Lipper Fund Awards Germany winners were announced on 16 March 2022. These awards recognised funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance, relative to their peers, based on Lipper’s proprietary performance-based methodology. Eight Group Awards, including the coveted Overall Award, were also given to firms with superior asset class performance. Digital trophies were awarded to winning individual and group funds. The Lipper Fund Awards is a showcase of industry leaders, visionaries and influencers. For more than 30 years and in over 17 countries worldwide, these highly-respected awards have honoured funds and fund

On March 16, 2021, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Germany in conjunction with our long-term media partner Mein Geld. Unlike previous years, physical in-person events won’t be held globally due to Covid-19 pandemic restrictions. . Since 2020 was a challenging year for the global fund industry, the Refinitiv Lipper Fund Awards will get a lot of attention from the asset management industry, as these awards showcase the ability of a fund to deliver high risk-adjusted returns. Different methodologies lead to different results Contrary to what a number of market observers would expect, the

German Chancellor Angela Merkel has announced a new wave of lockdown measures in a bid to bring the spread of COVID-19 back under control. German health outcomes during the first wave were far better than those of the region’s other major economies, with the number of fatalities far below those seen in France, Italy and Spain (despite the Bundesrepublik having a much larger population). Likewise, Germany also fared better economically with GDP ‘only’ falling 12% below its pre-crisis level earlier this year, owing in part to an impressive fiscal response. Analysis of early activity indicators in other countries suggest that

Germany’s healthcare system was in a better position than most to cope with a pandemic. It has more hospital beds per capita than any other European country and is among the top in the world for both physicians and nurses per capita.[1] Not too long ago, there was debate over whether Germany had too many hospital beds, not too few. Refresh this chart in your browser | Edit the chart in Datastream Despite the relative strength of its healthcare system, the German government quickly locked down the country as new cases rose exponentially. After spiking at the beginning of April at almost