Articles tagged: France
  • July 2019Opinions & Features

    France

    The month of May is peppered with bank holidays and this usually results in fewer new products, but this month there were 14 new funds, between them gathering €417m. Much of the activity was institutional in nature, as evidence by the bestselling funds.
  • July 2019Opinions & Features

    France

    The Pacte Law (Plan d’Action pour la Croissance et la Transformation des Entreprises or action plan for the growth and transformation of businesses) is a wide-ranging law that came into effect on 23 May 2019. Article 71 covers pension schemes and the new Plan d’Epargne Retraite (PER).
  • July 2019Opinions & Features

    France

    Superficially, competitors looked strong, but below the surface it was obvious that sales were underpinned by just one or two funds, and sometimes only internal money. SocGen topped the ranking with net sales of €1.3bn, but the lion’s share went into two protected funds, Lyxor France Progression 6 and 7. Like the Lyxor index range, these funds have been around …
  • July 2019Market Focus

    Light at the end of the tunnel?

    Living in a world of uncertainty has become the norm, but it’s not something the French find very easy. Stock markets around the world have soared since the start of the year in spite of global geopolitical uncertainty and most investors have learned to live with it… apart from the French. The French stock market has risen month on month …
  • June 2019Opinions & Features

    France

    This month SocGen stood out a mile, with its net sales of €727m streets ahead of others. Below the surface, however, two funds from its Lyxor subsidiary, Lyxor France Index 4 and 5, generated the vast majority of the flow. These funds are part of a set of five that are regularly trotted out by Lyxor when markets are on …
  • June 2019Opinions & Features

    France

    Product development remained under par in April with assets of just €131m linked to newly launched funds, despite the number of funds doubling to 22. Amundi had nine new funds, of which seven were ETFs that were eligible for PEA (Plan d'épargne en actions ) inclusion, covering seven major markets ranging from Europe through to the US. This is an …
  • June 2019Opinions & Features

    France

    Monthly net inflows to French Livret A accounts, at nearly €2bn, reached a 10-year high in March, according to data published by the Caisse des Dépôts. The last time such a volume was seen was in March 2009 when the Livret A was decentralised and banks were allowed to distribute them too. It was also on the heels of the …
  • June 2019Market Focus

    Mayhem in May

    Despite booming stock markets, there was no change in French fundamentals in April. Mixed asset and equity funds continued to flounder in the red, while cash, bond and property funds were in the black. Several factors have converged to subdue investor sentiment, the worst being the lengthy gilets-jaunes protests and their impact on the economy. As a result, net redemptions …