Of the stocks in France's benchmark index, 62% are economically sensitive, or cyclical, while the rest are typically classed as defensive. That gives the CAC-40 a similar profile to Britain's FTSE 100.
The largest sector is the consumer goods industry, comprising almost a fifth of the index. It is made up largely of personal or household goods and food and drink firms. After healthcare, the other defensive sectors are utilities and telecoms, respectively accounting for 5.3% and 3.2% of the index. Heavyweight industrials, oil and gas sectors, financials, consumer services and basic materials segments are all economically sensitive.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year highThe average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
