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Households are Relying Increasingly on Managed Financial Products
Almost half the savings of Austrian households were invested in mutual fund shares, life insurance or pension funds, i.e. in managed financial products.
Households are Relying Increasingly on Managed Financial Products / Picture: © Vindobona.org
Private households invested € 12.0bn in financial assets in 2010. This represents a decrease of € 2.4bn from the previous year and reflects a drop from 11.1% (2009) to 9.1% (2010), according to the data of Statistics Austria savings rate.
Almost half the wealth creation in 2010 -€ 5.9bn- went to managed financial products such as investment certificates, life insurance and…
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