French retail investors flocked to shares in 2020
According to the French Financial Markets Authority (AMF), almost 1.4m individual French investors placed an order to buy or sell stocks in 2020. “Of them, a little more than 410,000 had never placed a market order or had been inactive since at least January 2018,” the AMF said in its dashboard. The number of active retail investors in exchange-traded funds (ETFs) rose by 33% last year compared to 2019 to 233,000 and by 63% in two years. Just in the fourth quarter, 752,000 individuals placed at least one order to buy or sell a stock, vs. 945,000 in the fourth quarter of 2019. But the latter figure had been inflated by the popular success of the Française des Jeux privatisation.