The aim of the project is to determine the importance of funds assets to the retail investor. Here, we distinguish between a representative retail investor and individual investor groups. Measuring the importance of funds assets, we take into account both direct and indirect investments, such as investments through corporate pension schemes and insurance companies. We further provide a detailed overview of the differences in the funds investment behaviour (both direct and indirect) of individual investor groups in Germany.

Schröder, Michael, Gunnar Lang, Matthias Köhler, Lena Jaroszek and Zwetelina Iliewa (2010), Bedeutung von Investmentfonds für den privaten Anleger, BVI Bundesverband Investment und Asset Management e. V., fischerAppelt, ziegler GmbH, Frankfurt am Main. Download