La gestion collective en France : l’utopie d’une finance pour tous

Mutual funds industry has been sought by French politicians as mediation between the popular savings and company’s investments through the financial markets. Questioning the link between finance and industry requires analyzing the effectiveness of this mediation. This article intends firstly to examine the genesis of mutual funds in France, secondary to clarify its economic ambitions and finally question its ability to satisfy its objectives. It appears that if the French mutual funds industry has becoming a global competitive industry draining an even greater share of the savings, it has failed in its role as financier of French industry.