French asset manager Amundi has unveiled a new wealth preservation fund that will invest across a range of asset classes, sectors, and geographic regions.
Dubbed as Amundi Funds Patrimoine, the Luxembourg-domiciled SICAV will be run by Loic Becue and aims to generate a 5% return through unrestricted investments, reported International Adviser.
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It will target investors seeking for simple and transparent investments with attractive returns and measureable risk and minimum provides exposure to market drawdowns.
The fund will invest in equity, fixed income, and currency markets from 0-100% for maximum flexibility. It will also invest directly into securities, ETFs, actively managed funds, and derivative instruments to fulfill the fund’s mandate.
The fund has a maximum annual management fee of 2.25%, maximum annual administration fee of 0.06% and performance fee of 20%.
With a risk level of five out of seven, the fund adopts a flexible conviction-based management approach that optimizes risk and return by identifying potential sources of consistent long-term performance, and avoiding investment zones of excessive risk or with low visibility.
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By GlobalDataThe funds objective is to achieve an annualized return of 5% above the EONIA, a representative index of money market rates in the euro zone.
