Europe’s cautious savers take advantage of the equity trading craze

Europe's cautious savers take advantage of the equity trading craze

Risk-averse Europeans embraced stock trading during the coronavirus pandemic, encouraged by soaring stock markets, rising household savings and the popularity of low-cost trading platforms.

The number of people in Germany who own shares directly or via funds rose from $ 2.2 million to $ 12.4 million last year – with the largest increase among those under 30, according to a recent report from Deutsches Aktieninstitut, which represents German listed companies.

This is a significant change for a country with relatively low levels of ownership and where people are traditionally conservative with their money – often preferring to earn meager interest on bank deposits rather than investing in stocks.

Christine Bortenlänger, managing director of the Deutsches Aktieninstitut, said that the “sensational” increase in shareholding, which included 600,000 people under the age of 30 buying their first share last year, was “a good sign for the company. culture of equity in Germany ”.

Yet there is still a long way to go before Germany catches up with other countries. Even after the latest surge, only 15 percent of Germans have a direct investment in the stock market, compared to around 55 percent in the US and 33 percent in the UK.

The investment craze is also spreading in the Netherlands, where the number of households investing in stocks directly or through funds rose 17% to 1.75 million last year, the largest increase since the 1990s, according to a recent survey carried out by …


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