EDIT: Retracted, see point below (misunderstood the linked data). Thanks for pointing this out!
I’m not sure I completely understand the full accounting shown in your link to the AMF page, but from what I get the example you gave looks misplaced: Indeed, 2023 seemed to have marked a reduction by more than 50% of the incoming funds, but the two years prior to that show substantial increases (and before that another drop; maybe CoViD-related?); moreover, 2024 seems to become again a year of strong increase (already at 50% of 2023 funds in YTD). Maybe I’m misunderstanding something here, but at least this example seems to be in contradiction to the general pessimistic outlook in the first two paragraphs of your answer.
Fair point, thanks!