Paris-based Amundi is making its Multi Asset Global fund available to clients outside of France in a move that reflects the growth of the multi-asset sector.
The fund is a Ucits IV sub-fund of Amundi’s Luxembourg Sicav and aims to outperform the Euro Overnight Index Average by more than 2.5% per year over a three-year investment period, before fees and expenses.
The firm says that multi-asset products are needed in a market environment characterised by historically low bond and money market yields coupled with strong equity market volatility.
As static allocations no longer deliver decent returns, Amundi says, markets offer opportunities to those who know how to identify and lock in attractive risk premiums in a broad investment universe.
“We use a multi-asset class and international allocation to tap different sources of performance and adapt our fund’s exposure to the various markets, within a well-defined framework,” says co-manager of the fund, Alexandre Burgues.
Amundi has over €950 billion in assets under management.
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