German investors shun shares ownership

28th July 2004, Comments 0 comments

28 July 2004, FRANKFURT - German shareholders are a species in decline, with the number contracting 5 percent over the past six months, according to the German Stock Institute DAI in Frankfurt Wednesday.

28 July 2004

FRANKFURT - German shareholders are a species in decline, with the number contracting 5 percent over the past six months, according to the German Stock Institute DAI in Frankfurt Wednesday.

Currently only 10.6 million of a population of more than 80 million own stocks. The number has been in decline since mid 2001.

Germans had enthusiastically bought shares during the dot-com boom until the tally peaked at 13.4 million, but have rushed for the security of savings accounts that pay 2 percent interest since.

DAI chief Ruediger von Rosen said: "The best medicine would be rising prices."

The DAI figures show most stockholders, 5.9 million, are only invested via mutual funds, not directly.

DPA

Subject: German news

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