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Investors banking on economic renewal by France's Macron to beat benchmarks

More than 90 per cent of the flow into French exposure went into ETFs tracking the CAC 40 index of leading French shares

Reuters  |  PARIS 

Investors are banking on an economic renewal under President Emmanuel Macron to beat broader European benchmarks, sparking a flood of cash into funds offering exposure to France. Billions of euros have flowed into French assets since Macron's decisive victory over far-right opponent Marine Le Pen last May on the back of a pro-business reform agenda. There is little sign of those flows relenting any time soon. "We've got people who are asking how to play 'Macronomics' in their portfolios," Amundi chief investment officer Pascal Blanque said. "In all ...

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First Published: Fri, January 26 2018. 15:57 IST