Germany Market Review, 1H 2020: investment stories with good potential

Some 7,795 certificates and bonds were issued on the primary market in 1H 2020 – up 37% compared to the second half of 2019. However, the increase in issuance did not lead to higher sales, as the market accrued an estimated €650m loss in sales volume. Sales volumes for primary market products totalled €4.7 billion. The global pandemic, local events and regulations led to a market devaluation of -35% from the prior year period, and -12% compared to 2H 2019. Apart from the above primary (core) m