Generational capital to secure pensions should flow primarily into stocks. The portfolio will have “almost no bonds,” says the CEO of the responsible Kenfo Foundation, Anja Mikus.

Mikus rejects the accusation of gambling on the stock market with the statutory pension. The federal government's draft pension package II stipulates that the federal government will pay at least twelve billion euros into the new sovereign wealth fund over the next few years. The income will then be used to prevent an even greater increase in pension contributions from 2036.