Life insurance: the attractive 2022 performance of the MACSF euro fund
Back to the fore confirmed for the MACSF euro fund. After delivering a performance of 1.55% in 2020, then 2.10% in 2021the capital-guaranteed support of its life insurance RES Multisupport paid a remuneration of 2.50%* for the 2022 financial year, the mutual company announced on Thursday January 5. This is good news for the holders of this contract, but also for subscribers to the RES Retraite retirement savings plan (PER), which offers a strictly identical remuneration of 2.50%. With such a rate, the MACSF should once again position itself among the most generous players on the market, since it forecasts an average for the competition of around 1.80% for the year 2022 – slightly less than the range high of expectations at 2%.
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And this, without having had recourse to its provision for profit sharing (PPB), which was even endowed by 0.12 points to reach 4.42% (compared to 4.30% in 2021) and representing nearly two years of yield. “This will allow us to support returns in the coming years”, appreciated Guillaume Rosenwald, Managing Director of MACSF retirement savings.
Life insurance: here is the 2022 rate for the best euro fund on the market
The ultra-efficient unlisted
To offer such a high remuneration without having to “type” in the reserves, the mutual was able to count a stock of still remunerative fixed-rate bonds (at more than 2.50% on average) and which accounts for 55% of the euro fund’s portfolio. A performance driven by the rise in interest rates in 2022, and which accounts for more than half of the return on the euro fund (1.37% out of 2.50%).
Life insurance, PER: the rate of the euro fund of your contract should increase
Another performance factor for MACSF support: the unlisted. These shares, which represent “only” 11.65% of the allocation of the euro fund, have indeed paid more than 40% of its return (1.09% out of 2.50%). And this, thanks to “internal rates of return (IRR) generally between 6.5% and more than 18%”, detailed the group’s financial director, Roger Caniard. Returns illustrated by capital gains of 183 million euros for MACSF in the unlisted last year. Finally, variable rate bonds, indexed to inflation, have also “boosted returns”, according to the financial director. They have in fact contributed a not insignificant part of the return (0.38% out of a total of 2.50%).
* Rate net of management fees but before social security contributions (17.2%) and any taxation
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