Newsroom
CPR AM expands thematic equities range with the launch of new international equity fund CPR Invest – Food for Generations
United Kingdom, October 19, 2017
New fund will invest across the entire food chain theme, driven by a growing world population expected to reach 9.7 billion by 2050[1]
- Fund will focus on investing in everything from farms to forks to help ensure a sufficient and sustainable response to address the world’s rising food challenges
- Launch coincides with the week of World Food Day, celebrating founding of UN’s Food and Agriculture Organization
- Fund will be co-managed by Stephane Soussan and Anne Le Borgne
CPR AM, a subsidiary of Europe’s largest asset manager Amundi[2], has launched CPR Invest – Food for Generations, a sub-fund within its Luxembourg SICAV CPR Invest.
The sub-fund will be co-managed by Stephane Soussan, Portfolio Manager specialised in Agriculture, Energy and Natural Resources, and Anne Le Borgne, Senior Portfolio Manager focused on Lifestyle & Luxury.
“Food for Generations” is a Global Equity Fund that will invest across the entire food value chain in order to capture the food ecosystem and the mega trends of this generation. The fund has been launched in response to the increased demand for food and water which has been triggered by the growing world population, global economic development and urbanisation as well as the evolution of eating habits. Against a backdrop of scarcer resources, we will have to produce more, better and more sustainably.
The fund will seek exposure to the following growth drivers, which CPR-AM believes are captured in a universe that covers 600 stocks across agriculture, water, food products, beverages, and the food retail and restaurants space:
- Increasing food and water consumption, driven by a growing population with increasing incomes
- Investments needed to increase efficiency in food production, such as the expansion of future production through optimised use of resources and efforts made in waste management
- Emergence of new trends of food production and consumption: animal protein (growing middle class in emerging markets), convenience (urbanised lifestyles), indulgence (‘quest’ for excitement and new experiences), and health and wellness (increasing awareness of healthy eating, demand for organic food and other emerging habits related to eating)
The fund‘s launch coincides with the week of “World Food Day” and underlines the importance of ensuring sustainable investment in food and water for future generations, and meeting the world’s rising food challenges. For each of the stocks it invests in, “Food for Generations” will consider the environmental and social impacts as well as potential governance factors.
Stephane Soussan and Anne Le Borgne, Portfolio Managers, 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. There will be an additional 2.2 billion people to feed. Amidst all this growth, we must not forget that our resources are finite and already under significant pressure which makes feeding a growing population a significant challenge. It is vital that we meet this challenge while maintaining a sustainable approach to our investment strategy.”
Vafa Ahmadi, Head of Global Thematic Equities, commented: “Our team is constantly looking for new themes and innovative approaches to investing which are anchored in long-term cycles. Following the launch of Global Disruptive Opportunities, Food for Generations was the logical next step as the modern investor becomes more concerned with food, water and the way in which it travels ‘from farm to fork’. At CPR AM we have identified a number of growth drivers across the entire food value chain, powered by trends such as a growing world population, economic development and urbanisation.”
[1] United Nations, World Population Prospects, 2017 revision
[2] No.1 European Asset Manager based on assets under management, Source IPE “Top 400 asset managers” published in June 2017 and based on AUM as of end December 2016.
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CPR INVEST – FOOD FOR GENERATIONS |
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LEGAL |
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Legal form |
Compartment of Luxembourg-domiciled SICAV CPR Invest |
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Inception date |
18/09/2017 |
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Countries of registration |
Austria, Belgium, Czech Republic, Finland, France, Germany, Italy, Netherland, Spain, Switzerland, Sweden, UK. In progress: Switzerland |
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Management Company |
CPR Asset Management |
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Custodian |
CACEIS Bank Luxembourg Branch |
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INVESTMENT PROFILE |
R – Acc |
I – Acc |
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Profile |
All investors |
Institutionals |
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ISIN Code |
LU1653750171 |
LU1653749918 |
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Inception date |
18/09/2017 |
18/09/2017 |
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Min. recommended investment period |
5 years |
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Investment objective |
To outperform global equity markets over a long-term period by investing in international equities involved in the entire food value chain. |
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Reference indicator |
A posteriori: MSCI World Net Total Return Index (net dividends reinvested) |
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Currency |
EUR |
EUR |
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Curency hedge |
no |
no |
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Distribution policy |
Accumulation |
Accumulation |
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ORDERS |
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Minimum initial subscription |
1 fraction of share |
1 share |
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Cut off time |
Daily, up to 14 on the basis of the day’s NAV |
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Settlement |
D+3 |
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Calculation day |
Every business day |
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FEES (MAX. INCLUDING TAX)1 |
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Management fee |
1% |
1% |
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Administration charges |
0.3% |
0.2% |
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Distribution fee |
None |
None |
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Performance fee |
15% on the part of the performance in excess of the reference indicator |
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Subscription fee |
5% |
5% |
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Redemption fee |
None |
None |
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Conversion fee |
5% |
5% |
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GENERAL |
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Management style |
Thematic, active |
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Investment universe |
Global equities linked to the food value chain |
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RISKS |
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Risk of capital loss |
YES |
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Equity and Market risk |
YES |
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Counterparty risk |
YES |
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Rate and Credit risk |
YES |
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Foreign exchange risk |
YES |
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Risk Scale according to KID*
* The KID (Key Investor Document) involves several essential information and must be delivered before subscription. This information must be supplemented by the prospectus available on the site cpr-am.com or on request from CPR AM. The fund presents a risk’s level of 5 which reflects the fund’s investment theme.
About the thematic equities team:
CPR AM is the Amundi group’s global thematic equity investment expertise centre. With more than 5 billion euros in assets under management and a rich line of open and dedicated worldwide funds on various thematic strategies such as the ageing of the population, restructuring, luxury, lifestyles, and natural resources, CPR AM is one of Europe’s largest players in this area.
Led by Vafa Ahmadi, the head of thematic equity investment, the team of nine investment professionals share their know-how in optimising and enhancing thematic investment management capabilities with a major ambition of ensuring the sustainability and development of existing and future thematic investment solutions that reconcile “meaning and performance”.
About CPR Asset Management:
CPR AM is an investment management company certified by the French Financial Markets Authority, an autonomous and wholly owned subsidiary of Amundi Group. CPR AM works exclusively in third-party investment management (for institutional, corporate, insurance, private banking, fund management, and wealth management clients). CPR AM covers the main asset classes, including equities, convertibles, diversified investments, interest rates and credit).
CPR AM in figures: (End-June 2017)
- €43.6 billion in assets under management
- More than 100 employees, of which a third are involved in investment management
This non contractual simplified document is provided for informational purposes and meant exclusively for journalists and press and media professionals. Information is provided for the sole purpose of providing journalists and press and media professionals with a broad overview, regardless of the use they make thereof, which is under their exclusive editorial responsibility and for which CPR Asset Management declines all liability. This document is not to be construed as an advertisement or an offer to buy or sell and does not incur the liability of CPR Asset Management. Past performances are not constant over time and are therefore not a reliable indicator of future performances.
This non contractual simplified document contains information about sub-fund(s) of CPR INVEST, an undertaking for collective investment in transferable securities existing under Part I of the Luxembourg law of 17 December 2010, organized as a société d’investissement à capital variable (SICAV), regulated by the Commission de Surveillance du Secteur Financier (CSSF) and registered with the Luxembourg Trade and Companies Register under number B-189.795. The Sicav has its registered office at 5, Allée Scheffer, L-2520 Luxembourg. CPR Asset Management is the investment manager of CPR INVEST. The sub-fund has been recognized for public marketing in United Kingdom by the Financial Conduct Authority (FCA)
The fund offers no capital guarantee and carries a risk of capital loss, in particular due to market fluctuations. Past performances are not constant over time and are not therefore a reliable indicator of future performance.
All regulatory documents are available in English, free of charge, on the website www.cpr-am.com , or upon simple request from the Facilities Agent : Amundi London Branch, 41 Lothbury, London EC2R 7HF.
The fund described herein is a recognised collective investment scheme for the purposes of the UK Financial Services and Markets Act 2000 (“FSMA”). This document is only directed at persons who are professional clients or eligible counterparties and must not be relied or acted upon by any other persons.
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.
Footnotes
