Performance of investment funds 2017Dec

The performance of non-money market funds reaches 5.8% in 2017
At the end of 2017, the annual performance of non-money market funds reached 5.8 %, an increase of 2.8 percentage points compared to its end 2016 level, but a decline of 2.5 pp compared to the previous month. Over the year, the performance of equity funds accelerated sharply (+ 11.9 % in December 2017 compared to + 3.6 % at the end of 2016) as well as, to a lesser extent, those of mixed funds (+ 4.2 % after +2.6 % in 2016) and other funds (+ 5.8 % after + 3.1 %). Conversely, the performance of bond funds remained positive, but declined compared to the previous year (+ 0.6 % after + 2.7 % in 2016).
Money market funds recorded a negative annual performance in 2017 (- 0.23 % after + 0.02 % in 2016).
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2014 2015 2016 Nov- 2017 Dec- 2017
Net asset value
Dec- 2017
NON MONEY MARKET FUNDS 5.4 5.1 3.0 8.3 5.8 1,209
Equity funds (b) 6.9 10.0 3.6 17.0 11.9 356
of which: ETF (c) 10.0 5.7 5.6 17.5 12.3 66
Bond funds (b) 5.1 0.9 2.7 1.3 0.6 281
Mixed Funds (b) 5.4 3.0 2.6 6.2 4.2 357
Other funds (d) 3.4 6.5 3.1 8.0 5.8 215
of which employee savings funds 3.4 6.9 3.6 10.7 6.7 127
MONEY MARKET FUNDS 0.37 0.18 0.02 -0.20 -0.23 345
Source: Banque de France
(a) Annual performance net of management fees but before deduction of entry and exit fees commissions (cf. methodology).
(b) Except employees' savings funds (which are included in "Others funds")
(c) Exchange Trade Fund
(d) Private equity funds, hedge funds, employees' saving funds, Formula-based funds
Annual performance of equity, bond and mixed funds
In percent
Performance of Non-MMF funds and employee saving funds (a)
In percent
Performance of equity funds (a)
In percent
Performance of bond funds (a)
In percent
Performance of MMF funds (a)
In percent
Source: Banque de France, Barclays
(a) Annual performance net of management fees but before deduction of entry and exit fees commissions (cf. methodology).
Additional information
The different categories of funds under review are defined by the Autorité des Marchés Financiers (AMF - French Financial Markets Authority). The classification of each fund is based on its real risk exposure. The definition of the exposure and the risk thresholds for each category are developed in AMF Instructions 2011-19, 2011-20 and 2011-21.
The Stoxx 600 index comprises 600 companies residing in 18 European countries.
The Barclays index comprises sovereign and quasi-sovereign bonds, corporate bonds and asset-backed securities. It includes securities denominated in 24 currencies, issued from developed and emerging markets. The rating of the securities is "investment grade" with residual maturity over one year.
The performance of these indexes is measured as the total return (price variation and reinvested dividends/coupons).
More information on: methodology, long series, calendar

All statistical time series published by the Banque de France can be accessed on Webstat Banque de France

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STAT INFO - December 2017
Performance of Investment Funds
Publication associated with:
Financial overview of Investment Funds-France

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Performance of investment funds
  • Published on 02/15/2018
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Published on Thursday, February 15, 2018