Treasury

Amundi is a major player in treasury management in Europe and across the world, through its partnerships, with nearly €1,800Bn of assets under management1 .
Liquidity management has become very challenging for institutional and corporate clients. We provide well-adapted and clear solutions to investors seeking products combining liquidity and performance2 in an increasingly restrictive and low return environment.

Weekly Liquidity

Letter  

Primary Market View

Letter

Investment philosophy

Our philosophy is based on a conservative approach. Our key priorities are aligned with what our clients most require from a liquidity solutions fund: security, liquidity and performance consistency3.
Being one of the world leaders in asset management sets very high standards. These standards are reflected in our unwavering search of investment security.

Risk management at the forefront

Based on a longstanding expertise of more than 30 years, we have built a strong culture of liquidity and risk management. Risks management is based on rigorous procedures, strict guidelines and sophisticated tools.

The investment and risk teams are highly experienced. Providing products that clients can trust has placed us in a position of strength in weathering the financial crises of the last years.

A responsible partner

Responsible Investment is one of Amundi’s four founding pillars. To this end, Amundi already filters out the companies obtaining the lowest ESG ratings from more than €1.7 trillion of assets under management. Additionally, Amundi manages more than €798 Bn in responsible assets, incorporating environmental, social and/or governance factors into investment decisions.
Principles for Responsible Investment (PRI): in 2020, Amundi was once again awarded the top rating A+5 for its Responsible Investment approach.

Key figures

No 2

in Money Market Management in Europe4

€ 215 Bn 

of AuM1

>30 years

of Liquidity Fund management experience

Identify liquidity needs to design optimal solutions

Segmenting the time horizon of cash needs will enable investors to manage their risk and optimise their returns by choosing the most appropriate investment solution for each segment of cash.

Three areas of expertise answering specifics investors’ needs

 

 

01 I Short Term Money Market : investors looking for daily liquidity and enhanced security

Day to day treasury with an investment horizon of 1 day to 1 month. An attractive solution for investors looking for an alternative to traditional overnight cash deposits. A very conservative management enabling low volatility and capital preservation. 
These funds will meet the short-term objectives of clients, with little sensitivity to market movements thanks to their high level of diversification and their low exposure to interest rate and spread risks.

 

 

02 I Ultra Short Term Bonds: investors looking for liquidity, but higher returns than money market funds

To optimize cash allocation under longer time horizon, and given the short rates negative context, investors can enlarge their investment universe with ultra short term bond funds. 
The funds invest mainly in high quality bonds, offer active management with a conservative framework, and monitor duration to exploit the interest rate premium.

 

 

03 I Standard Money Market : investors looking for daily liquidity and security

Operational treasury with an investment horizon over 1 month, outperforming short term money market funds within a slightly longer average life and benefiting from premiums offered by credit market.
Investing in standard money market funds provide customers with a D+0 settlement solution.
Standard Money Market funds invest in high quality and highly diversified short dated money market instruments and are managed within strict and predefined guidelines to seek preservation of capital, while offering liquidity, transparency and performance consistency.

 

    

ESG in our portfolio

Defining the most relevant ESG criteria and weights by sector

37 quantifiable and measurable criteria reflecting key challenges by sector
Criteria are weighted using performance drivers: Reputation, Operational efficiency and Regulation.
The weights assigned to each criteria translate the importance of the criteria to the final ESG ratings.

1. Source: Amundi figures as of June 30, 2021.
2. Past performance is not indicative of future returns.
3. Amundi’s treasury management funds/sub-funds do not offer a guarantee of capital or performance.
4. Lipper FMI, FundFile - End of February 2021 - Open-ended Funds domiciled in Europe and in related offshore territories – all currencies
Asset classes/expertise are defined from Lipper FMI’s Fund Sector and Fund Feature database
5. Source: UN PRI, United Nations Principles for Responsible Investment 2019
In case of very low level of the interest rates of the money market, the return of the fund would not be enough to cover the management fees.
The fund NAV would then fall in a structural way.

This information is exclusively intended for “Professional” investors within the meaning of the MiFID Directive 2004/39/EC of 21 April 2004, and articles 314-4 and following of the General Regulations of the AMF. It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act.

This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”).

Investing involves risks. The performance of the strategies is not guaranteed. In addition, past performance is not in any way a guarantee or a reliable indicator of current or future performance. Investors may lose all or part of the capital originally invested.

Potential investors are encouraged to consult a professional adviser in order to determine whether such an investment is suitable for their profile and must not base their investment decisions solely on the information contained in this document. 

Amundi assumes no liability, either direct or indirect, resulting from the use of any of the information contained in this document, and shall not under any circumstances be held liable for any decisions taken on the basis of this information. This information may not be copied, reproduced, modified, translated or distributed, without the prior written approval of Amundi, for any third person or entity in any country or jurisdiction which would subject Amundi or any of its products to any registration requirements within these jurisdictions or where this might be considered unlawful. 

This information is provided to you based on sources that Amundi considers to be reliable, and it may be modified without prior warning.