B. LES OPCVM DANS LE MARCHÉ TOTAL DE LA RETRAITE
On a déjà remarqué que les fonds d'investissement vendent souvent des services de gestion de portefeuille aux fonds de pension et aux assureurs. Mais les fonds d'investissement interviennent directement dans le marché retraite. Selon les informations qui sont disponibles, on peut en effet mesurer la présence des OPCVM dans le marché retraite en compte propre.
Graphique 35 - Etats-Unis : Actifs retraite sous gestion par OPCVM, répartis entre IRAs et Plans CD sponsorisés, encours fin d'année
Hormis leur rôle de gestionnaires de portefeuille pour des assureurs et des fonds de pension, les OPCVM géraient 21.1% des encours pension fin 2001.
Graphique 36 - Etats-Unis : Actifs financiers dédiés à la retraite sous gestion OPCVM (en % des actifs totaux et en % du PIB)
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