Safety first?

German Asset Allocation

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In terms of asset allocation, German life funds are traditionally very safety oriented. One reason for this conservative approach is the strict legal investment restrictions (see table 1, page 20). But traditionally, German life insurance companies do not even make full use of the possibilities they are given within the legislative framework. Table 2 shows the asset allocation of German life insurance companies as per June 30, 2008, as well as over the past three years, revealing that asset a