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ETF transactions made by French retail investors crossed five million in 2024 as the wrapper continues to cement its status in the region.
Annual figures showed ETF transactions hit 5.2 million across 2024, while French ETF retail adoption grew 72% in 2024 – rising from 296,000 to 509,000 – according to data from the Autorité des Marchés Financiers (AMF) Active Retail Investor dashboard.
Over the past five years, 777,000 retail investors have traded ETFs.
Annual figures indicate ETF adoption has increased more aggressively in 2024, following a more gradual increase in 2023.
Last year, active ETFs were allowed to list on Euronext Paris for the first time after the French government said it would remove the conditions under its monetary and finance code which had previously prevented their listing.
ETFs have also been made more readily available to French retail investors through a series of partnerships with trading platforms across the year.
For example, Amundi extended its partnership with Scalable Capital to offer 300 Amundi ETFs, covering all major asset classes, geographies and its climate and thematic strategies on its platform.
Olivier Paquier, global head of ETF sales at AXA IM said: “This trend in France can be explained by new needs from the population, who want to invest more and not simply save.
“In France, first investments on the stock market are now generally made via an ETF, as those transactions tend to come from a younger investors’ basis, who are generally aware of the existence of ETFs (discussed in college/uni) and are cost-conscious.”
“Overall, ETFs are becoming more visible, and as interest rates are cut in France, money is being put into these investments.”
The trend of accelerated retail uptake is also mirrored in Belgium, where the number of retail investors using ETFs reached its highest-ever level in Q2 2024 as 57,000 Belgian retail investors traded ETFs – a record high and nearly double the figure from the same period in 2023.
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