French brokers, like those in other single-currency zone countries, are gradually adapting to a pan-European market. While investors are holding on to domestic equities, they are also boosting portfolios with other European stocks.
“The French equity market has been outperforming Europe since 1997, so there has been no incentive for domestic investors to sell French stocks,” says Philippe Legrand, head of pan European equity sales at SG Global Equities. “But they have been adjusting their portfolios with regular movement of new inflows into non-French equities.
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