The France Blended Cap ETF market, consisting of 9 ETFs and valued at 5 billion EUR, experienced a 1.31% performance on June 16, 2023. The overall market movement was led by the BNP Paribas Easy CAC 40 ESG UCITS ETF (E40), Lyxor CAC 40 (DR) UCITS ETF (CAC), iShares MSCI France UCITS ETF (IFRE), and Xtrackers CAC 40 UCITS ETF (DX2G), which all exhibited daily returns of over 1.2%. These ETFs were driven by the strong performance of top French companies in the market including LVMH Moet Hennessy Louis Vuitton (MC), KERING SA (KER), VINCI ORD (DG), and HERMES INTL ORD (RMS), with daily returns ranging from 1.84% to 2.95%.
The strong returns over the past week also indicate a promising outlook for investors. LVMH gained 5.93% over the past week, Kering gained 4.56%, VINCI picked up 3.54%, and Hermès saw an increase of 3.63%. The market movement in the France Blended Cap ETF market illustrates the potential for strong returns from top French companies and reinforces the importance of diversification through ETFs.
See how over 500 professional investors use ETFs in the 2023 Trackinsight Global ETF Survey. Get access today.
