Other sites of Banque de France

Language switcher

Performance of investment funds 2017Jul

Published on 09/15/2017
Wide disparities across investment funds returns
The annual performance of non-money market funds stands at 6.7% (after 8.8% in June). The returns remain high for equity funds (14.9% after 19.7 % in June) and, to a lesser extent, for mixed funds (4.6% after 6.4% in June). The performance of bond funds falls to zero, after sixteen consecutive months of positive returns.
The annual performance of money market funds continues to decline (-0.14% after -0.11% in June 2017).
Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts : EUR billion)
2014 2015 2016 Jun-2017 Jul-2017 Jul-2017
NON MONEY MARKET FUNDS 5.4 5.1 3.0 8.8 6.7 1,186
Equity funds 6.9 10.0 3.6 19.7 14.9 335
of which: ETF (b) 10.0 5.7 5.6 20.9 17.0 63
Bond funds 5.1 0.9 2.7 0.5 0.0 282
Mixed Funds 5.4 3.0 2.6 6.4 4.6 353
Other funds (c) 3.4 6.5 3.1 8.0 6.5 215
of which employee savings funds 3.4 6.9 3.6 11.2 9.0 127
MONEY MARKET FUNDS 0.37 0.18 0.02 -0.11 -0.14 364
Source : Banque de France
(a) Annual performance net of management fees but before deduction of entry and exit fees commissions (cf. methodology)

(b) Exchange Trade Fund

(c) Private equity funds, hedge funds, employee 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

Publication available on mobile devices : Apple and Android
STAT INFO - July 2017
Performance of Investment Funds
Publication associated with :
Financial overview of Investment Funds-France

Contact : DSMF Contact Stat Info

Download the PDF version of this document

Performance of investment funds
  • Published on 09/15/2017
  • EN
  • PDF (325.98 KB)
Download (EN)

Published on Friday, September 15, 2017