CACEIS NEWS 49 EN

8 caceis news - No. 49 - April 2017 Worldwide

Country Focus France

Europe

Source: EFAMA - March 2017

Source: EFAMA - March 2017

Worldwide Investment Fund Assets Q3 2016 (€ trillion)

Total European investment fund net assets increased by 3.1% in Q3 2016 to €13.70tr billion. Net assets of UCITS increased by 3.38% in Q3 2016 to €8.35tr, and total net assets of AIFs by 2.68% to €5.36tr. €13.70tr +3.1% /Q2 2016 Net asset of the European Fund industry Q3 2016 (€ trillion)

Net assets in France (domiciliation) - Q3 2016 (€ trillion)

1,715 1,696 1,657 1,682 1,666 €1.73tr +2.91 % /Q2 2016

+3.4% /Q2 2016

€39.41tr

1,729

1683

Worldwide investment fund assets increased by 3.4% in the third quarter of 2016 to €39.41 trillion.

1,598

1,680

Top Ten

2014 2015

2016

Trends by investment type Q3 2016 (€ trillion) At the end of the third quarter of 2016, equity funds net assets increased by 4.3% to €15.5 trillion and bond funds net assets by 4.0% to €8.7 trillion. Balanced/mixed fund assets increased by 2.8% to €7.1 trillion and money market fund assets by 0.7% globally to €4.5 trillion. 39% of worldwide regulated open-ended fund net assets were held in equity funds. The net asset share held by bond funds was 22% and the net asset share of balanced/mixed funds was 18% (unchanged from the quarter before). Money market fund net assets represented 11.5% of the worldwide total.

Ireland € 1.9 tr

Luxembourg € 3.6 tr

Net assets in France increased by 2.91% in the third quarter of 2016, compared to 3.1% in Europe.

Q4 Q1 2014

2015 2016 Q2 Q3 Q4 Q1 Q2 Q3

Source EFAMA

Germany 1.8 tr

France € 1.7 tr

Evolution of net assets by category of French Investment Funds (€ billion) - November 2016

NET ASSETS VARIATION

NET ASSETS

CATEGORY

Netherlands € 792 bn

Over a month

Year To Date

UK € 1.4 tr

30/11/2016

€15.5tr €8.7tr €4.5tr €7.1tr

Equity

291.6 319.4

3.3 -1.0 -0.2 -3.4

-10.6

+4.3%

Equity

Balanced

4.2

Guaranteed

24.5

-3.5 10.2 52.7

+4.0%

Bonds

Bond

252.4 363.7

Money market

3.2

Sweden € 286 bn

Switzerland € 533 bn

Others (Employees savings, PE, Real Estate, FofHF, Securitisation Funds)

Money Market

+0.7%

501.4

-0.3

17.0

TOTAL

1753.1

1.6

70.1

+2.8%

Balanced

Source : AFG

0 2000 4000 6000 8000 10000 12000 14000 16000

Net assets breakdown by category of UCITS November 2016 (€ billion)

Denmark € 269 bn

Italy € 285 bn

Bond 15%

Guaranteed

1%

UCITS net assets in France amounted to €802bn in November 2016, i.e. 45.75% of the global assets.

Money Market

Q3

Q4

Q1

Q2

Q3

2016

2015

40%

Balanced

€1,554bn €802bn

19%

Net sales of AIF Q3 2016 (€ billion)

Net sales of Investment Funds Q3 2016 (€ billion)

+111% /Q2 2016

Equity

-26.8% /Q2 2016

€437bn

25%

€41bn

1%

Source: AFG

Money Market

Worldwide net cash flow to regulated open-ended funds amounted to €437billion in the third quarter of 2016, compared to €207 billion during the second quarter of 2016.

Net assets breakdown by category of AIF November 2016 (€ billion)

4%

Net sales of AIF totaled €41billion in Q3 2016, compared to €56 billion in Q2 2016.

Bond 14%

AIF net assets in France amounted to €951bn in November 2016, i.e. 54.25% of the global assets.

Equity

43 41 56

564 596 583

9%

48

48

495

437

2%

Guaranteed

€1,554bn €9 1bn

32

361

Others

53%

230

207

18

Balanced

154

18%

*Others (Employees savings, PE, Real Estate, FofHF, Securitisation Funds)

2014

2015

2016

2015

2016

Source: AFG

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