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The Association Française de la Gestion Financière (AFG) represents and promotes the interests of the French asset management industry.
French asset managers manage in France assets worth nearly € 4,000 billion: € 1,950 billion in the form of investment funds and € 2,050 billion in the form of discretionary mandates and funds domiciled abroad. Employing over 85,000 people − including 26,000 directly in asset management companies − the industry plays a key role in the financing of the real economy. 630 asset management companies operate in France, including 200 set up over the last 5 years. Over 450 of them are entrepreneurial, while 4 French groups rank among the global top 20. The French asset management industry (investment funds and discretionary mandates) ranks second on the European market.
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