German retail investors significantly increased their equity exposure in June, with data from broker Flatex showing that 450,000 clients adjusted their portfolios during the month.
The flow data, exclusively reported by Handelsblatt, indicates that nearly one in ten large stock positions saw net inflows, signaling sustained confidence among private investors despite broader market volatility.
Marvell Technology (MRVL.O) and Lufthansa (LHAG.DE) emerged as the primary beneficiaries of this retail buying spree.
The concentration of inflows into these specific names suggests a tactical shift toward semiconductor growth and travel recovery plays, rather than a broad-based index chase.
This selective accumulation highlights how German private investors are navigating the current market regime, favoring companies with clear earnings visibility over speculative bets.
The surge in retail activity coincides with a broader rally in domestic equities, reinforcing the trend of German households moving capital from savings accounts into risk assets.