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Performance of investment funds 2018Feb

Published on 04/17/2018
The annual performance of equity funds decreases but still outperforms that of others fund's categories
In February 2018, the annual performance of non-money market funds declined by 3.2 percentage points (pp) compared to the previous month and stood at 4.3 %. All categories of funds were concerned, notably equity funds, whose performance decreased by 7 pp and reached 8.5 % in February 2018. Mixed funds (2.9 % after 5.5 % in January) and saving funds (6.2 % after 9.0 % in January) also reflected the decline in the European stock markets in February.
The annual performance of money market funds continued to fall (-0.25 % in February 2018)
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2015 2016 2017 Jan- 2018 Feb- 2018 Net asset value
Feb- 2018
NON MONEY MARKET FUNDS 5.1 3.0 5.8 7.5 4.3 1,207
Equity funds (b) 10.0 3.6 11.9 15.2 8.5 358
of which: ETF (c) 5.7 5.6 12.3 16.0 8.2 61
Bond funds (b) 0.9 2.7 0.6 1.0 0.5 286
Mixed Funds (b) 3.0 2.6 4.2 5.5 2.9 350
Other funds (d) 6.5 3.1 5.8 7.2 5.0 213
of which employees' savings funds 6.9 3.6 6.7 9.0 6.2 126
MONEY MARKET FUNDS 0.18 0.02 -0.23 -0.24 -0.25 358
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 - February 2018
Performance of Investment Funds
Publication associated with:
Financial overview of Investment Funds-France

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Performance of investment funds
  • Published on 04/17/2018
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Published on Tuesday, April 17, 2018