A booklet loses its shine – Echoes

A booklet loses its shine – Echoes

For three months, withdrawals accelerate the French favorite whose rate of pay is returned to 1% in early August liquid savings product.

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three! In July, for the third consecutive month, the Booklet A was the subject of a negative net inflows. Withdrawals from the famous regulated savings product indeed exceeded by more than 1 billion euros collection. The movement seems even accelerate since in June the French had withdrawn € 130 million on their A and Booklet 90 million in May. Since the beginning of the year, the collection is still positive but is reduced to a trickle, with € 1.2 billion. By adding to the Sustainable Development, in better shape, it reached 2.7 billion euros.

Effective August 1, the falling rate of Booklet A, 1% against 1.25% previously diverted some investors this savings product. Overall, however Livret A to € 267 billion at the end of July and even with that of 369.9 LDD. There is also a set of communicating vessels between the Booklet A and life insurance with net inflows reached € 10.3 billion in the first half, almost as much as for the full year 2013

Halt

To Booklet A, the setback is more pronounced than in the past. Indeed, when the rate of return on investment was revised down there one year, while the government had decided to pay the Booklet A fixed at 1.25% against 1.75% previously, collection remained positive until August, the fall in the effective rate was reached. The placement was well drained 270 million euros in June 2013 and still € 380 million in July 2013.

But 2014 looks much less auspicious for the French favorite liquid investment. Besides the effect of the fall on the expected collection rate next month, raising earlier this year has already slowed down compared to previous years. Indeed, from January to July, it reached 1.2 billion euros. While in the same period in 2013, she already posted 15.53 billion euros. It must be said that the Booklet has benefited the second raising of the ceiling, brought to 22.950 euro in January 2013, but the comparison with the first six months of 2012 is striking: no ceiling effect, Booklet A was then drained 11 17 billion euros from January to June, nearly three times more than this year.