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Amundi launches Emerging Markets Equity Focus Ex-China Fund
London, UK, March 18, 2024
Amundi, the largest European asset manager, launches Amundi Funds – Emerging Markets Equity Focus Ex-China fund (the “Fund”). The Fund invests in emerging markets countries other than China, seeking to offer investors a more balanced country exposure with attractive growth and valuation potential.
The Fund was developed to address the growing demand for emerging markets strategies outside of China and is aimed at investors seeking to diversify their core equity holdings in emerging markets. The Fund takes a balanced approach with focus on active share and liquidity, seeking to invest in companies with best-in-class corporate governance, high cash flow generation, low debt and positive incremental return on deployed capital.
The Fund will be managed by Mickaël Tricot, Portfolio Manager in Emerging Market Equities. He will be supported by a team of portfolio managers each specialising in regional coverage with an average of 18 years’ experience in the emerging markets sector.
Amundi’s cross-asset set-up enables the investment teams to capture a wide breadth of emerging markets investments and better understand the full cost of capital, helping to unearth and generate investment opportunities.
Yerlan Syzdykov, Head of Emerging Markets at Amundi, said: “Given the large and increasing weight of China within emerging markets benchmarks, some investors are increasingly looking for flexibility and diversification within emerging markets. As such, we are excited to offer them a strategy which provides an alternative route to investing in emerging markets, particularly at a time when initiatives designed to reshore strategic supply chains are likely to change Foreign Direct Investment and trade, benefiting emerging markets countries in different ways. These are often overlooked by global investors.”
The Fund is currently registered in the following countries: Austria, Belgium, France, Germany, Italy, Netherlands, Spain, United Kingdom.
Contact
Danae Quek
UK - International Press Relations
About Amundi
About Amundi
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,700 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
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