Thanks a lot for that Marc, 600 is more than I have managed to find so far, and at 1.2billion euro it is not very small!
I agree, the fall in Europe make's it a good time to rebalance, or to to over-rebalance a small bit, if one believes in reversion to the mean.
I'm 100 percent equity for my sins. I'm viewing NPV of state pension/savings potential etc., as my effective cash/bond holdings.
I don't know the full tax implications for an ETF domiciled in Germany. I have a memory that I read that the dividend withholding tax is a bit higher for Irish investors if it is domiciled in Germany, so that might bite the return a bit...