Performance of investment funds 2017May

Annual performance of non-money market funds still above 8%
After five consecutive months of increase, the annual performance of non-money market funds declines slightly but remains above 8 % (8.1% after 8.7% in April 2017). All categories of funds are concerned, including equity funds (16,7%, -120 bp compared to April).
The annual performance of money market funds decreases again (-0.08% in May).
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts : EUR billion)
2014 2015 2016 Apr- 2017 May-2017 Net asset Value May-2017
NON MONEY MARKET FUNDS 5.4 5.1 3.0 8.7 8.1 1,180
Equity funds 6.9 10.0 3.6 17.9 16.7 338
of which: ETF (b) 10.0 5.7 5.6 21.0 19.1 64
Bond funds 5.1 0.9 2.7 1.6 1.3 276
Mixed Funds 5.4 3.0 2.6 6.7 6.3 353
Other funds (c) 3.4 6.5 3.1 7.7 6.9 214
of which employee savings funds 3.4 6.9 3.6 10.0 9.0 127
MONEY MARKET FUNDS 0.37 0.18 0.02 -0.04 -0.08 371
Source : Banque de France
(a) Annual performance net of management fees but before deduction of entry and exit fees commissions (cf. methodology)

(b) Exchange Trade Fund

(c) Private equity funds, hedge funds, employee 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 - May 2017

Performance of Investment Funds

Publication associated with :
Financial overview of Investment Funds-France

Contact : DSMF Contact Stat Info

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Performance of investment funds
  • Published on 07/20/2017
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Published on Thursday, July 20, 2017