Performance of investment funds 2018May
Published on 07/17/2018
Share links
Bond funds performance down due to the Italian spread hike
In May 2018, the annual performance of non-money market funds decreased to 1.4 % (-0.9 percentage point compared to April 2018). All categories were concerned, in particular bond funds that fell into negative territory (-0.2pp) in the wake of the increase in Italian interest rates.
The annual performance of money market funds gained 0.2 percentage points (-0.23 % in May 2018).
The annual performance of money market funds gained 0.2 percentage points (-0.23 % in May 2018).
Annual performance of Investment Funds by subsectors (a)![]()
(percent, outstanding amounts: EUR billion)
| 2015 | 2016 | 2017 | Apr-2018 | May- 2018 | Net asset Value May-2018 |
|
| NON MONEY MARKET FUNDS | 5.1 | 3.0 | 5.8 | 2.3 | 1.4 | 1,190 |
| Equity funds (b) | 10.0 | 3.6 | 11.9 | 4.1 | 2.7 | 343 |
| of which: ETF (c) | 5.7 | 5.6 | 12.3 | 4.0 | 3.1 | 40 |
| Bond funds (b) | 0.9 | 2.7 | 0.6 | 0.5 | -0.2 | 281 |
| Mixed Funds (b) | 3.0 | 2.6 | 4.2 | 1.5 | 0.5 | 349 |
| Other funds (d) | 6.5 | 3.1 | 5.5 | 3.2 | 2.6 | 216 |
| of which employees' savings funds | 6.9 | 3.6 | 6.7 | 3.3 | 1.8 | 130 |
| MONEY MARKET FUNDS | 0.18 | 0.02 | -0.23 | -0.25 | -0.23 | 365 |
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
(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).
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).
Download the PDF version of this document
Performance of investment funds
- Published on 07/17/2018
- EN
- PDF (639.95 KB)
Published on Tuesday, July 17, 2018