Paris-based CPR Asset Management, an Amundi subsidiary, has launched an international equity sub-fund that will invest across the food chain.
The “CPR Invest – Food for Generations” sub-fund will focus on investing in a wide range of food-related sectors from farms to forks in a universe that covers 600 stocks across agriculture, water, food products, beverages and the food retail and restaurants space.
The sub-fund, co-managed by Stephane Soussan and Anne Le Borgne, is a sub-fund of CPR’s Luxembourg-domiciled Sicav fund CPR Invest.
CPR says that the sub-fund has been launched in response to increased demand for food and water triggered by a growing world population, global economic development and urbanisation as well as the evolution of eating habits.
In a joint statement Soussan and Le Borgne said: “With the world population set to reach 9.7 billion in 2050, it is clear that demand for food is growing along incomes and consumers’ expectations.”
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