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The Economist: Home is where the capital is


Germans are wary savers and investors, shunning houses, stocks and corporate bonds in favour of low-yielding savings accounts and stingy private pension plans. But even Germans are chafing at the euro zone’s ultra-low interest rates. Many of them are turning to a more daring and yet somehow comforting investment: small bonds issued by Germany’s medium-sized Mittelstand companies.

The Economist investigates why Mittelstand companies are so popular in Germany and refers to the study of Robert Wardrop, Research Fellow in Sociology & Finance at Cambridge Judge Business School.

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