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?

Over a short-term period, less than half of all German stocks generate a positive return. In the long run, the return is positive for only six out of ten stocks. Moreover, one in five shares suffers an almost complete loss of value in the long-term.

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?