SH Rising fertility in Europe: a demographic shift or statistical blip?


In this paper, we explore the drivers and implications of the recent uptick in fertility rates in Western Europe, assessing the potential for a ‘new demographic transition’ in the developed world….  

– Virginie Maisonneuve, Head of Global and International Equities

– Katherine Davidson, Portfolio Manager, Global Demographic


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    For professional investors and advisers only.This document is not suitable for retail

    Our discussion of immigration is particularly relevant given the debate the subject has created in European politics, and in particular in the current French election campaign.

    We have written in the past about declining fertility rates across Western Europe and the implications for growth, government finances and investment opportunities. However, over the last decade, many countries have experienced an unprecedented demographic development: a significant and persistent uptick in fertility rates, in many cases from ‘lowest low’ levels (

    The views and opinions contained herein are those of the Azad Zangana, European Economist and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds.

    For professional investors and advisers only.This document is not suitable for retail clients.

    This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroder Investment Management Ltd (Schroders) does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Schroders has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Schroders has expressed its own views and opinions in this document and these may change. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions. Issued by Schroder Investment Management Limited, 31 Gresham Street, London EC2V 7QA, which is authorised and regulated by the Financial Services Authority. For your security, communications may be taped or monitored.

     Source: ETFWorld – Schroders

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