Amundi AM enters Malaysia with feeder funds

Added 9th September 2015

Amundi Asset Management announced its entry into the Malaysian market with the launch of two wholesale feeder funds – the Amundi Bond Global Aggregate Fund and the Amundi International Fund. These feeder funds track the Amundi Funds Bond Global Aggregate and First Eagle Amundi International Fund.

Amundi AM enters Malaysia with feeder funds

“Amundi Malaysia currently has over $4bn of asset management for our sovereign and institutional clients. Initially, we will be rolling out two wholesale funds which will address the needs of sophisticated investors that could weather different investment cycles and time horizons,” Roslina Abdul Rahman, Managing Director of Amundi Malaysia, said.

Amundi Malaysia detailed its expansion plan that includes increasing its local sales staff and client-servicing professionals.

The Amundi Funds Bond Global Aggregate seeks to outperform its reference indicator – the Barclays Global Aggregate index – through an active approach of allocating the portfolio’s estimated ex ante tracking error across global developed and developing government, credit and currency markets. Its three and five-year annualised sector return are -1.87% and 5.08%, data from FE Analytics shows.

The First Eagle Amundi International Fund seeks to offer investors capital growth through diversification of its investments over all categories of assets and a policy of following a value approach. It invests at least two-thirds of its net assets in equities, equity-linked instruments and bonds. FE data shows that its three and five-year annualised sector return are -11.69% and 4.33%.

Last week, Amundi disclosed that its medium-term perspective remains positive for Japanese, European and US equities. It noted that the economic and financial environment remains volatile and that strong corrections are still possible. 

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