the euro fund rises from the ashes

The euro fund is dead, long live the euro fund! After years of scarcity, savers who have placed their savings in life insurance on the fund in euros, guaranteed in capital, are finally seeing the return on it go up. Each year between January and March, the companies communicate the compensation paid for the past year.

In a context of high inflation, a rise in yields was expected after an average of 1.28% in 2022 according to the Prudential Control and Resolution Authority (ACPR). But the extent of this increase is surprising as the first players shell out their results.

Milleis Banque Privée, the first to come out of the woodwork, thus goes from a 2021 rate of 0.95% to 2.15% for 2022 on its Epargne Vie Milleis and Barclays Prestige contracts. Four major bank-insurers have since come forward. Sogecap (Societe Generale) thus communicates an average rate of return for all of its contracts of 2.17% (including 1.95% on average for the Sequoia contract and 2.19% for Ebene).

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Each client does not receive the same rate, depending on the envelope he holds and the share of units of account he owns. The company nevertheless posted an increase in its average rate of 0.81 percentage points over one year. For its part, BNP Paribas Cardif (BNP Paribas) delivers an average rate of 2.04%, the insurer specifying that 94% of its contracts benefit from a rate of 2%, including BNP Paribas Multiplacements 2 and BNP Paribas Multiplacements Privilège .

A positive dynamic

At Crédit Mutuel, the increase is even more marked with an average rate of 2.30%, i.e. 1 point more than in 2021. Assurances du Crédit Mutuel specify that “the 2022 remuneration of the fund in euros amounts to 2.10% for the flagship contract, Plan Assurance Vie, in its “Essentiel” version, and up to 2.25% in its “Privilège” version, excluding any bonus remuneration”.

Massive increase also for Crédit Agricole life insurance. Predica mentions an increase in the average return on its contracts of 1.06 points to 2.32%. For the Predissime 9 series 2 contract, the return on the fund in euros thus ranges from 1.90% to 2.70% depending on the portion invested in units of account.

It’s not just bank insurers who support their funds in euros. Mutuals have also raised their rates. Note, in particular, the significant growth of Matmut, which distributes 2.50% in 2022 on its Matmut Vie Epargne contract (closed to marketing), against 1.40% in 2021. MAAF (Winalto) and GMF (Multeo) are both announcing increases of 0.55 points to 2.05%.

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