French non-MMF shares households and NPISH holders
French non-MMF shares households and NPISH holders stood at 388.96 EUR billion in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Securities held by residents table (Value · Quarterly), with a complete series running from Q4 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Securities held by residents table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Resident holders, total | 1,748.15 | 1,644.65 | 1,665.25 | 1,611.82 | 1,581.79 | 1,528.04 | 1,506.83 | 1,479.66 | 1,442.35 | 1,411.49 | |
| Households and NPISHs | 388.96 | 357.9 | 364.24 | 353.71 | 349.99 | 331.83 | 328.44 | 326.54 | 321.05 | 305.46 | |
| Non-money market funds | 230.03 | 214.75 | 216.55 | 206.66 | 203.03 | 194.06 | 194.41 | 189.72 | 185.3 | 181.2 |
Understanding french non-MMF shares households and NPISH holders
Resident households and non-profit institutions serving households maintain these non-money market fund shares, reflecting personal wealth accumulation and retail investment choices. This category captures the direct collective investment holdings of individual retail investors and charitable organizations, isolating them from corporate, governmental, and financial sector portfolios. It measures the extent to which the personal sector channels savings into equity, bond, and mixed mutual funds held within custody accounts.
Interpreting household fund holdings requires accounting for strong seasonal patterns linked to holiday periods, annual bonus payouts, and tax-advantaged savings deadlines. Early estimates for this segment frequently face revisions due to the sheer volume of fragmented accounts and retail custodian reporting lags. Comparing household holdings with institutional series reveals divergent risk tolerances, as retail investors often exhibit different behavioral responses to market downturns compared to professional portfolio managers.
Frequently asked questions
- Who is included alongside households in this category?
- Non-profit institutions serving households, such as charities, religious organizations, and trade unions, are grouped here.
- What drives retail investment in non-money market funds?
- Individual wealth accumulation, retirement planning, and search for yield motivate household mutual fund participation.
- Why are early household estimates prone to revision?
- The massive dispersion of retail accounts across numerous custodian banks requires complex aggregation and estimation procedures.