France long-term state debt share: non-MMF funds
France long-term state debt share: non-MMF funds stood at 1.22% in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial corporations | 40.92 | 43.09 | 45.87 | 45.9 | 46.27 | 47.08 | 48.43 | 47.52 | 46.93 | 47.16 | |
| Other financial institutions excluding insurance and pension funds | 1.25 | 1.32 | 1.33 | 1.25 | 1.32 | 1.3 | 1.32 | 1.36 | 1.21 | 1.29 | |
| Non-money market investment funds | 1.22 | 1.21 | 1.27 | 1.18 | 1.22 | 1.23 | 1.27 | 1.29 | 1.17 | 1.19 |
Understanding france long-term state debt share: non-MMF funds
Collective investment undertakings other than money market funds own the proportion of extended-maturity central government securities measured in this percentage. This includes bond funds, equity funds, and mixed mutual funds holding long-term sovereign debt instruments within their asset portfolios. Money market funds, pension vehicles, and direct banking holdings are excluded from this specific fund category.
Analysts reviewing this share should account for valuation effects stemming from broader financial market swings, as asset price movements alter portfolio weights independently of active trading. Period-on-period comparisons reflect investor sentiment changes across mutual fund products, while year-on-year horizons capture structural shifts in retail and institutional fund allocation. A common pitfall is assuming fund holdings reflect direct household preferences, ignoring the discretionary management decisions made by fund managers.
Frequently asked questions
- What does the non-MMF investment funds category include?
- Open-end and closed-end mutual funds, bond funds, and equity funds that hold long-term debt securities.
- How does this differ from money market funds?
- It covers funds with longer investment horizons and broader asset mandates, excluding short-term money market vehicles.
- What factors influence changes in this debt share?
- Changes are driven by mutual fund net inflows, portfolio rebalancing, and market valuation fluctuations of underlying bonds.