Amundi Rendement Plus is a global multi asset fund which seeks, through a discretionary approach, to achieve, over a three-year horizon, an annualised outperformance of more than 1.70% relative to the capitalised EONIA index – which represents the Eurozone money market rate – after taking maximum management and administration fees into account, while complying with a predefined risk budget.
The uncertain economic environment and the persistently low interest rates seen over the past years are weighing on the guaranteed yield of life insurance contracts in euros and money market instruments.
The challenge for investors now is to find a solution that allows them to grow their capital over the long term, while maintaining a level of risk that is suitable for their situation.
Thanks to a multi asset management approach, Amundi Rendement Plus aims to offer an attractive alternative for investors wishing to benefit from market rises while limiting risks.
2/ A multi asset management increasing potential sources of performance
The portfolio management team aims to take advantage of the opportunities provided by:
different regions around the world;
different asset classes (equities, bonds and currencies); the maximum weighting of each asset class within the portfolio is determined in advance.1
The aim is therefore to find the best mix of instruments and strategies with the lowest correlation between them, while complying with a predefined risk budget. Furthermore, the management team has sufficient leeway to increase or reduce the fund’s exposure to risk assets at any time, based on its expectations or market events.
The investment strategy is implemented within a limited risk budget: the maximum permitted ex-ante volatility is 4%.1
3/ A team of experts
The portfolio managers work in collaboration with a 20-strong investment team specialised by asset class in order to generate investment ideas implemented in the portfolio.
The investment ideas generation based on the main macroeconomic and financial scenarios coupled with the active risk management contribute to maximize our probability of achievement in terms of performance target over time.
A resilient long-term investment strategy
*Benchmark index from 15/10/2004 to 03/02/2014: EUROMTS 3–5 years. Since 03/02/2014: EONIA CAPITALISED.
A CLOSER LOOK AT VOLATILITY
Volatility is a statistical indicator measuring the range of variation in the price of an asset around its average figure. High volatility generally implies a high exposure to risk.
Risks and Advantages
The fund provides neither a guarantee of performance nor protection of initially invested capital, and investors are exposed to a risk of capital loss.
Currency risk: this is the risk of a decline in the investment currencies in relation to the base currency of the portfolio, the euro. Depending on whether the fund is the buyer or seller, the depreciation (in the case of a purchase) or appreciation (in the case of a sale) of a currency relative to the euro may result in a decline in the net asset value.
Credit risk: this is the risk of a sudden deterioration in the creditworthiness of an issuer or the risk of an issuer defaulting.
Liquidity risk: in the event of very low financial market trading volumes, any purchases and sales executed may produce significant market fluctuations.
Counterparty risk: this is the risk of a market operator defaulting,preventing it from honouring its obligations to your portfolio.
The use of complex products such as derivatives may cause an increase in securities transactions in your portfolio.
This list is not exhaustive. For detailed information on risks, please refer to the fund’s prospectus.
A broad investment universe allowing to optimise the performance potential within a predefined risk budget.
A multi asset fund seeking a capital appreciation over the medium term.
A team made of investment profesionals with access to the resources of the entire Amundi group (especially macroeconomic studies produced by the research department).
1. For more information on the fund’s investment policy and objective and the associated risks, please refer to Amundi Rendement Plus’ Key Investor Information Document (KIID).
2. Source: IPE “Top 400 asset managers” published in June 2018, based on assets under management at the end of December 2017.
3. Source: Amundi figures as of 30/09/2018.
4. Six main investment centres: Boston, Dublin, London, Milan, Paris and Tokyo. 5. Source: Amundi AM, at 31/12/2018. Data is provided for information only.
CPR INVEST - Global Silver Age's investment objective is to outperform global equity markets over the long-term by leveraging on the momentum of stocks with exposure to the theme of ageing population (primarily in pharmaceuticals, medical equipment, savings banks, leisure, old-age dependency, safety, and well-being).