Amundi has launched a new investment solution, Amundi Funds Patrimoine, a sub-fund of its flagship Amundi Funds Luxembourg-domiciled SICAV.
The fund seeks to invest 85 to 100 per cent of its net assets in its master fund Amundi Patrimoine (OR class), which was launched in February 2012.
It aims to achieve an annual performance of five per cent above EONIA, the money market rate benchmark index in the euro zone, after deduction of fees, and capitalised over a recommended minimum investment horizon of five years.
Amundi Funds Patrimoine’s fund manager, Loïc Becue, says: “Even if the market environment remains complex and uncertain, we believe that there will always be asset classes, sectors or countries that will outperform. Our expertise must consist of selecting the most promising themes while steering clear of areas of turmoil.”
Through its master fund, Amundi Fund Patrimoine’s fund manager implements a flexible conviction-based management style aiming to permanently optimise risk/return. This flexibility guarantees continuous adaptation to market trends. The fund invests in a broad and well-diversified universe with no restriction in terms of asset classes, sectors and geographic regions. The fund manager can vary his investments in equity, fixed income and currency markets from zero to 100 per cent, investing directly in securities, ETFs, actively managed funds and derivative instruments, for maximum flexibility. The management team identifies the market resources which are potentially the most attractive for investors. The fund, however, does not offer a capital or performance guarantee and carries a risk of capital loss.
Amundi Funds Patrimoine’s investment philosophy is guided by three main principles:
– Fundamental management: in order to identify the best opportunities within a diversified universe, the management is based on a fundamental analysis of the macroeconomic and financial environment in the medium and long term. This is combined with the fund managers’ short term market scenario.
– Conviction-based management: to optimise performance, the fund manager limits the portfolio to a restricted selection of assets among the promising themes of the moment. He follows his strongest expectations and convictions. At the same time, he takes into account in-depth risk analysis in order to achieve performance which is least vulnerable to market turnaround
– Risk management: in order to be more resilient in case of market downturns, the management team guarantees constant reactivity and applies a permanent risk control process to capture the best investment opportunities on a long term basis. Nevertheless, risks in terms of liquidity and credit as well as potential loss of capital, cannot be excluded.