Articles tagged: France
  • May 2019Market Focus

    Down but not completely out

    Three months of solid stock market performance has done little to lift the spirits of French investors, resulting in a seventh consecutive month of long-term outflows. With stock-markets at new highs and domestic uncertainty still strong, it was no surprise that many investors chose to crystallise their gains. The net effect was long-term outflows of €2.9b in March – combined …
  • May 2019Opinions & Features

    France

    In response to a question on most interesting savings opportunities, 61% cited buy-to-let property while 58% plumped for life-assurance policies. Only 20% of respondents chose Sicavs. When asked which type of investment had the potential for the best returns, 29% said buy-to-let property, 11% said equity and 7% said unit-linked policies. However, a significant 21% said none of the above.
  • May 2019Opinions & Features

    France

    Although business flows continued to flounder in March, some fund groups were able push against the trend. Industry behemoths sustained the worst of the outflows, plummeting to the bottom of the rankings, and leaving the way clear for others to bubble to the surface. Lazard and SocGen were the only fund groups with sizeable assets (€4bn+) in the top 10 …
  • May 2019Opinions & Features

    France

    New funds since the start of the year numbered 33 and attracted net flows of €1.1bn – an average of €33m per fund. Just under half of this amount (€499m) was gathered by nine protected funds and a further €159m was collected by six asset allocation funds.
  • April 2019Opinions & Features

    France

    February was the best month for life assurance products since January 2013, with net flows of €3.2bn. The perennially popular products have been regularly written off for a variety of reasons, including regulatory changes, but each time they bounce back with a vengeance. The recent domestic uncertainty acted as a timely reminder for French investors of the overall benefits of …
  • April 2019Opinions & Features

    France

    The dearth of sales in the French fund industry meant there were few competitive successes. Axa, Lazard and HSBC floated to the top of the leader board, but sales were minimal. Axa recorded sales of €175m while Lazard and HSBC were both sub €100m. Axa’s top fund was a socially responsible fund (Axa Euro Valeurs Responsables) with sales of …
  • April 2019Market Focus

    February brings no reprieve

    Despite two months of improving stock markets, there was no respite for the French fund industry. The only asset classes to attract net flows were bond, money market and the newly-popular real estate sector. Total sales were €7bn, but long-term flows were in the red to the tune of €2.2bn. France is already running a year-to-date sales deficit of €4bn. …
  • April 2019Opinions & Features

    France

    The number of new funds in the French market fell to a fresh low in February, with just five new funds and assets gathered of €236m. One fund attracted the bulk of it: the Amundi Star 1, a euro-denominated global bond fund with net inflows of €176m. This is a fund targeted at mainly institutional and corporate investors. On the …