Performance of investment funds 2017Sep

High annual performance in employee savings funds
The annual performance of non-money market funds stood at 7.8 % in September 2017 (+1.8 percentage point compared to August). This acceleration concerned equity funds (+4.1 pp) and employees' savings funds (+2.7 pp at +11.1% in August), invested up to almost 50% in equity funds (including own firm's shareholding), reflecting the rise in equity markets in September. The performance of bond funds was negative at -0.1 %.
The annual performance of money market funds continued to decline (-0.15 % in September).
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2014 2015 2016 Aug-2017 SEP- 2017 Net asset value
SEP- 2017
NON MONEY MARKET FUNDS 5.4 5.1 3.0 6.0 7.8 1,202
Equity funds (b) 6.9 10.0 3.6 13.4 17.5 347
of which: ETF (c) 10.0 5.7 5.6 15.3 19.6 64
Bond funds (b) 5.1 0.9 2.7 -0.1 -0.1 281
Mixed Funds (b) 5.4 3.0 2.6 4.1 5.4 359
Other funds (d) 3.4 6.5 3.1 6.1 7.9 216
of which employee savings funds 3.4 6.9 3.6 8.4 11.1 129
MONEY MARKET FUNDS 0.37 0.18 0.02 -0.14 -0.15 369
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 - September 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 11/16/2017
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Published on Thursday, November 16, 2017