French asset management representative body AFG has reported France-domiciled funds had €1.93trn of assets under management as at end of September 2017.
Some €885bn of assets were managed in OPCVM vehicles (Ucits funds), primarily in money market funds (36%) and equity funds (28%) while assets in alternative investment funds (FIA) amounted to €1.04trn.
French OPCVMs have boarded €66.5bn of net inflows since the beginning of 2017, down -8.8% in September 2017.
Outflows were seen in France-domiciled fixed income, money market and diversified strategies in September. Net inflows were up in equity and formula funds.