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Performance of investment funds 2018Sep

Published on 11/16/2018
Equity funds' performance declines
The annual performance of non-money market funds declines in September 2018 to 1.1% (-1.4 percentage points compared to August). Equity funds, affected by the stock market turmoil, records the largest drop (-3.9 points compared to August), while mixed funds' performance become negative at -0.2%, and that of bond funds remains so (-0.2%, after -0.4% in August).
The performance of money market funds decreases, reaching an annual rate of -0.26%.

Annual performance of Investment Funds by subsectors (a)
(percent, outstanding amounts: EUR billion)
2015 2016 2017 Aug-2018 SEP- 2018
Net asset
SEP- 2018
NON MONEY MARKET FUNDS 5.1 3.2 5.9 2.5 1.1 1,288
Equity funds (b) 10.0 3.6 11.9 5.3 1.4 339
of which: ETF (c) 5.7 5.6 12.3 5.2 2.4 40
Bond funds (b) 0.9 2.7 0.6 -0.4 -0.2 280
Mixed Funds (b)(e) 3.0 2.6 4.2 1.0 -0.2 348
Other funds (d) (f) 6.5 4.0 6.1 3.8 3.6 321
of which employees' savings funds 6.9 3.6 6.7 3.1 1.3 133
MONEY MARKET FUNDS 0.18 0.02 -0.23 -0.24 -0.26 341
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
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 - September 2018
Publication associated with:
Financial overview of Investment Funds-France

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Performance of investment funds
  • Published on 11/16/2018
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Published on Friday, November 16, 2018