Performance of investment funds 2022Nov

Published on 16 January 2023

Performances of monetary and non-monetary funds go up
All categories of non-monetary funds record a positive monthly performance in November, as it was the case in the previous month. Annual performances go up but remain negative (standing at -4.4% overall, compared with -7.6% in October).
The monthly performance of monetary funds also increases at +0.12% compared with +0.05% in October. The annual performance stands at -0.14%, the highest performance recorded since October 2017.
Performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2021 October 2022 November 2022 October 2022 November 2022 November 2022
Annual performance Monthly performance Oct-Net asset value
NON MONEY MARKET FUNDS 10.0 -7.6 -4.4 2.1 2.6 1,455
Equity funds (b) 21.5 -13.8 -7.6 5.8 5.2 349
of which: ETF (c) 23.1 -8.7 -4.7 4.2 3.6 37
Bond funds (b) -0.6 -10.3 -9.0 0.2 1.6 272
Mixed Funds (b) 7.3 -12.1 -9.1 1.7 2.7 304
Other funds (d) 10.7 0.1 2.2 1.2 1.3 530
of which employees' savings funds 11.7 -7.8 -2.7 3.7 3.4 160
MONEY MARKET FUNDS (e) -0.50 -0.30 -0.14 0.05 0.12 353
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) Employee savings funds (including money market employee savings funds), real estate funds, Private equity funds, formula-based funds, hedge funds
(e) Excluding money market employee savings funds, including Monegasque funds.
Annual performance of equity, bond and mixed funds
In percent
Annual Performance of Non-MMF funds and employees' saving funds (a)
In percent
Annual Performance of equity funds (a)
In percent
Annual Performance of bonds funds (a)
In percent
Annual Performance of MMF funds (a)
In percent
Source: Banque de France, Barclays, Europerformance
(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.
Stoxx 600 index comprises 600 companies residing in 18 European countries.
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 the indices is measured by total return (price change and coupons/dividends reinvested). The yield spreads between these indices and the performance of UCITs in France reflect differences in composition and management orientation, in particular the split between highly liquid sovereign bonds issued by major advanced countries, less liquid sovereign bonds or bonds with a higher risk/return profile and bonds issued by private issuers.

The statistical processing of newly collected funds in the OPC2 application is described in the focus of the Financial overview of Investment Funds about the 2nd quarter 2022.
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 - November 2022
Publication associated with :
Financial overview of Investment Funds-France

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