Ralph
11.02.2001, 18:08
Toll, ich zähl zu denen, die in Europa dominieren ! http://www.stock-channel.net/Board/smilies/biglaugh.gif .... aber interessant
Rich Germans dominate Europe
Report sees changing investment culture
By Nanna Hepke, FTMarketWatch 5:28:00 PM GMT Feb 9, 2001
LONDON (FTMW.DE) - Rich Germans dominate wealth in Europe and are likely to see their wealth increase further in the years ahead, according to a new report published on Friday.
In the "German Wealth Report 2000", investment bankers Merrill Lynch and consultants Cap Gemini Ernst & Young say that wealthy Germans control 30 percent of the total assets owned by rich people in Europe.
Between 1996 and 1999 the number of people in Germany with more than €1 million of private monetary wealth rose more than 5 percent a year. That has brought the number of so-called High Net Worth Individuals, or HNWI, Germans up by 52,000 to 365,000 in four years.
Wealthy west
In the same period, those individuals have seen their cumulative private fortune grow by 10 percent a year to €2,000 billion. Ninety-two percent of German wealth continues to be concentrated in the former west Germany and Berlin.
"In the HNWI segment, Germany dominates the overall European market with a share in assets of almost 30 percent of the total European HNWI segment," says the report.
Wealth distribution
The report says that unlike in Britain, the trend in Germany has been away from a concentration of monetary wealth towards a broader distribution across the population. It says that the unusually high concentration of European wealth in Germany is the result of the economic upturn that has lasted since the 1950s.
Merrill and Cap Gemini expect that the number and wealth of German HNWIs will continue to rise. It says that there is a change in the German investment culture with people turning away from the traditional savings account in favour of more risky and potentially more rewarding investments like stocks and funds.
"Even if the Germans still exhibit very conservative investment behaviour compared to populations of other leading industrialised countries, the trend is going towards innovative products with an attractive return," it says.
Cultural shift
While only 13 percent of Germans held stocks in 1996, that almost doubled to 22 percent in 1999. In the same period, the proportion of Germans with money invested in funds rose from 9 percent to 28 percent.
The report says that the growth in the monetary wealth of rich Germans is likely to continue thanks to reinvestments of assets in stocks and other equity investments, the sale of family-owned companies, the introduction of stock s and options for management employees and the recent tax reform.
That trend is also likely to reflect in a continuing increase in market capitalisation as a proportion of Gross Domestic Product. In Germany the proportion of market capitalisation to GDP rose 28 per cent a year between 1996 and 1999. But while in Britain that proportion is now more than 200 percent, it is just 67.8 percent in Germany. The European average is 85.7 percent.
Source: FT
Ralph
Rich Germans dominate Europe
Report sees changing investment culture
By Nanna Hepke, FTMarketWatch 5:28:00 PM GMT Feb 9, 2001
LONDON (FTMW.DE) - Rich Germans dominate wealth in Europe and are likely to see their wealth increase further in the years ahead, according to a new report published on Friday.
In the "German Wealth Report 2000", investment bankers Merrill Lynch and consultants Cap Gemini Ernst & Young say that wealthy Germans control 30 percent of the total assets owned by rich people in Europe.
Between 1996 and 1999 the number of people in Germany with more than €1 million of private monetary wealth rose more than 5 percent a year. That has brought the number of so-called High Net Worth Individuals, or HNWI, Germans up by 52,000 to 365,000 in four years.
Wealthy west
In the same period, those individuals have seen their cumulative private fortune grow by 10 percent a year to €2,000 billion. Ninety-two percent of German wealth continues to be concentrated in the former west Germany and Berlin.
"In the HNWI segment, Germany dominates the overall European market with a share in assets of almost 30 percent of the total European HNWI segment," says the report.
Wealth distribution
The report says that unlike in Britain, the trend in Germany has been away from a concentration of monetary wealth towards a broader distribution across the population. It says that the unusually high concentration of European wealth in Germany is the result of the economic upturn that has lasted since the 1950s.
Merrill and Cap Gemini expect that the number and wealth of German HNWIs will continue to rise. It says that there is a change in the German investment culture with people turning away from the traditional savings account in favour of more risky and potentially more rewarding investments like stocks and funds.
"Even if the Germans still exhibit very conservative investment behaviour compared to populations of other leading industrialised countries, the trend is going towards innovative products with an attractive return," it says.
Cultural shift
While only 13 percent of Germans held stocks in 1996, that almost doubled to 22 percent in 1999. In the same period, the proportion of Germans with money invested in funds rose from 9 percent to 28 percent.
The report says that the growth in the monetary wealth of rich Germans is likely to continue thanks to reinvestments of assets in stocks and other equity investments, the sale of family-owned companies, the introduction of stock s and options for management employees and the recent tax reform.
That trend is also likely to reflect in a continuing increase in market capitalisation as a proportion of Gross Domestic Product. In Germany the proportion of market capitalisation to GDP rose 28 per cent a year between 1996 and 1999. But while in Britain that proportion is now more than 200 percent, it is just 67.8 percent in Germany. The European average is 85.7 percent.
Source: FT
Ralph