Hünnekes, Franziska; Konradt, Maximilian; Schularick, … - 2023 - Revised version: April 2023
In the past decade, Germany has been the world champion in exporting capital (“Exportweltmeister”). No other country … lower foreign returns within asset classes, especially for equity and foreign direct investments. These aggregate results … are confirmed with micro data on equity returns by 50,000 mutual funds worldwide. German funds perform worse across all …
