During the health crisis, households set aside 170 billion euros more than usual.
This “Covid savings” has mainly come to inflate bank accounts or risk-free passbooks.
But, this is new, the French are increasingly interested in actions and other collective management products.
The Autorité des marchés financiers lists 2.5 million individuals active on the stock market (compared to 1 million until the end of 2019).
They also preferred unit-linked life insurance (+ 30 billion euros from January to October 2021, net of withdrawals) to funds in euros (- 12 billion) and opened 900,000 individual retirement savings plans.
They did well: the financial markets are flying from record to record (the CAC 40 climbed 25% over 1 year, at the end of November).
But beware of the backlash.
If no one mentions a bubble, it is better not to invest with your eyes closed.
1) Prefer ETFs over traditional funds
In the first half of 2021, only 30% of funds invested in European equities exceeded their benchmark index.
But over 10 years, this is only the case for 8% of them, according to the Spiva Europe Scorecard study by Standard and Poor's.
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