While empirical research in the past has been able to identify seasonalities in the capital market, we show that such calendar effects have almost disappeared.

The "people's share" was the wrong way to go for a sustainable "equity culture". The share issues by Volkswagen and Deutsche Telekom showed that small shareholders were lured into risky investments. The equity culture includes a long-term investment ...

Despite technical innovations in payment transactions, the demand for cash is increasing in almost all major industrial nations, especially in Germany. The consequences of abolishing cash would be serious.

Actively managed funds often find it difficult to beat the broad market in the long term. However, if you identify the funds with a consistent investment strategy, you can significantly increase the chance of success by outperforming the market yield ...

Even in the low-interest environment, German savers prefer money and near-money investments.

Passive investing is now more popular than ever. ETFs became a prominent vehicle for this investment style and have enjoyed a remarkable increase in popularity. Alone equity-ETFs bring together USD 3.4 trillion worldwide, and the tendency is growing.