First positive inflows in 10 months for French Livret A
The Caisse des Dépôts, the French public institution managing savings books, has announced the first positive net inflows in 10 months for its traditional product dedicated to French savers, the Livret A.
The Livret A, whose rate will be maintained at 1% until 1 August 2015, has boarded €110m of net inflows , in March 2015 while the Livret de développement durable, whose rate also reaches 1%, has collected €250m of net inflows.
However, since the beginning of the year, the cumulative net inflows recorded by the Caisse des Dépôts have been negative (-€1.90bn).
In 2014, French savers have withdrawn €6.13bn of their Livrets A and €200,000 of their Livrets de développement durable.
As of 31 March 2015, the Caisse des Dépôts posts €363.2bn of assets under management on Livret A and Livret de développement durable.