The rates and diving of the financial markets rebuild the cards for the favorite placement of the French. Good surprise, the yields of funds in euros could – slightly – progress in 2022.
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The 2022 life insurance season is exciting! If, with the drop in markets, the units of accounts that have experienced growing success in recent years, for the most part, have decreased performance, funds in euros could bring some good surprises.
Each year, in January-February, insurance companies communicate on the remuneration served on these funds appreciated by those looking for security above all. After years of decline, the trend could finally be reversed. “We have touched a low point on the funds in euros,” said Thomas Delannoy, Deputy Managing Director of ASAC-FAPES [an independent savers association].
If 2022 yields have not yet been stopped in the companies, some have already made a change of gear. “We will increase the rates served to members to help them preserve their purchasing power in a context of inflation, but in the long term the best parade is diversification,” said François-Régis Bernicot, Managing Director of Suravenir.
However, it remains difficult to know if all the companies will adopt the same course of action. Why ? “Insurers are advancing on a crest line,” observes Cyrille Chartier-Kastler, founder of the Good Value For Money site. Indeed, the context has changed drastically on the financial markets.
For years, interest rates have only dropped, resulting in a drop in yield of the general assets of insurers, made up of 80 % bonds (debt securities) and which serves as a basis at the return of the fund in euros. Each new euro invested in recent years therefore altered the performance of the fund in the euro. Insurers have therefore taken drastic measures to limit its access, for the benefit of account units, non -guaranteed capital supports, largely invested on scholarships.
“a paradigm change”
Now, since the beginning of the year, it is the opposite phenomenon that occurs: the rates are only climbing. “While the French State was in debt over ten years little or prou at 0 % at the end of 2021, it must now offer 2.60 % remuneration to its creditors (at the end of September), says François-Régis Bernicot. A paradigm change! “And a rather favorable development for insurers. “The rates of rates brings investment opportunities on better remunerated titles than in recent years,” said Odile Ezerzer, Director of Macif Finance Epargne and CEO of Mutavie.
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