A study conducted at the end of 2021 showed that the proportion of North American investors had risen in comparison with the previous year, while the proportion of investors from continental Europe (excluding Germany) had declined. The investor base has shifted slightly towards growth-focused investors.
In December 2021, investors from Germany formed the largest investor group at 32.2 %, followed by investors from North America at 31.6 %, continental Europe excluding Germany at 8.2 %, and the United Kingdom and Ireland at 7.6 %.
Geographical distribution of shareholders (as of Dec. 2021)