Industry Updates

French retail investors' ETF transactions hit one million for first time in Q1

Over a quarter were first-time investors

Lauren Gibbons

French flag

ETF transactions made by French retail investors hit one million for the first time in the first quarter of 2024 as the wrapper continues to see double-digit growth in the region.

The number of French retail investors using ETFs has increased by over a third (36%) year-on-year to 216,000 from 166,000, according to the Authorite des Marches Financiers (AMF) Active Retail Investor dashboard.

The Q1 figure managed to outpace the previous quarter's 34% increase.

The number of people who bought ETFs swelled to 194,000, rising from 146,000 in Q4 2023. Among these, 53,000 were first-time ETF investors.

French retail uptake is projected to further accelerate as savings plans become more popular across Europe.

France – alongside Germany, Italy, Austria and Spain – is set to see the number of ETF saving plans quadruple over the next five years, according to research conducted by BlackRock and extraETF.

Elsewhere, a recent report revealed that ETFs are now included in half of all French life insurance contracts.

According to a report by Quantalys Harvest Group and BNP Paribas Asset Management the contracts containing at least one ETF grew by 6% in 2023 to 50%.

Additionally, the number of contracts containing 50 or more ETFs increased from 11% to 16%.

In February, the French government updated its finance code to allow active ETFs to list on the Euronext Paris for the first time.


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