Performance of investment funds 2018Jul

Published on 09/17/2018
Performance is increasingly differentiated by subsectors at the beginning of the third quarter
The annual performance of non-money market funds reaches 3.0% in July 2018 (+0.9 point compared to June). This increase is mainly attributable to equity funds, whose performance increases by 2.2 points to 5.8%. The total return on mixed funds rises slightly to 1.4%, while that on bond funds is stable (0.1%). Other funds, including real estate, also perform well.
The performance of money market funds is almost unchanged at -0.23% on an annual basis.
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2015 2016 2017 Jun-2018 jul. 2018
Net asset Value
July-2018
NON MONEY MARKET FUNDS 5.1 3.2 5.9 2.1 3.0 1,293
Equity funds (b) 10.0 3.6 11.9 3.6 5.8 343
of which: ETF (c) 5.7 5.6 12.3 4.5 5.9 38
Bond funds (b) 0.9 2.7 0.6 0.1 0.1 283
Mixed Funds (b) 3.0 2.6 4.2 0.8 1.4 349
Other funds (d) (f) 6.5 4.0 6.1 3.7 4.4 318
of which employees' savings funds 6.9 3.6 6.7 2.2 3.7 134
MONEY MARKET FUNDS 0.18 0.02 -0.23 -0.24 -0.23 360
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) Employees' saving funds, real estate funds, Private equity funds, formula-based funds, hedge funds
(e) The term "mixed funds" replaces the term "diversified funds", AMF category that has been deleted since 31/12/2017; the criterion for classification remains the same.
(f) Outstanding amount and performance of real estate funds are taken into account as of June 2016
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 - July 2018
Publication associated with:
Financial overview of Investment Funds-France

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Published on Monday, September 17, 2018