Can the French woolen stockings accumulated during the crisis serve as fuel for the French economy?
Bercy believes in it and the booming of the “patriotic” fund, invested in French start-ups and SMEs, seems to prove it right.
Since October, the Bpifrance Entreprises 1 fund, launched by the public investment bank (Bpifrance), has already collected nearly 20 million euros - out of 95 million available - from individuals.
They were able to buy online, via the specialized site 123 IM, until now the exclusive distributor.
And according to Bpifrance, nearly 30 million euros have also been taken out by banks and insurers for their life insurance contracts.
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The demand is already there.
“It's been going very strong for two weeks.
We have clients who call us on their own to subscribe, ”said
Franklin Wernert, director of wealth management solutions at Société Générale Private Banking, the first bank to distribute this fund.
BNP Paribas, The Bank
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