Profitability, low financial risk, and efficient capital allocation characterize owner-controlled companies. In the last decade, they generated an annual excess return of 3.2%.

For many years, DAX companies have been suffering from rising pension liabilities. The recent rise in interest rates may have slowed this increase somewhat for the present. Is this the beginning of a trend reversal?

Even though on average the active bond managers and the index are roughly on par, the distribution of returns shows that some managers are able to beat the index.

The U.S. S&P 500 is rushing from record to record, leaving its European counterpart, the Stoxx 600, far behind. The study analyzes why the performance gaps are so wide.

Recently, the reputation of the DAX 30 had suffered badly. The DAX is said to be an index full of corporations with poor corporate governance, high debt and dwindling profitability.

The extensive support measures in the wake of the corona pandemic could lead to higher inflation rates in the long term. In such an environment, shares are considered an attractive asset class. Rightly so?