The protection expertise

Transcription

1 Milan, November 2017 The protection expertise Isabelle de Malherbe Head of Product Specialists Structured Solutions This material is solely for the attention of «professional» investors (see more details and definitions at the end of the document).

2 Capital protection: Amundi s experience A key investment platform in Amundi A long track record of success Innovative product development and structuring A dedicated business line Well established in the structured product market since the 1990 s Tailor-made solutions to adapt to market conditions and client needs 60+ professionals of protected and guaranteed products A market leader 57 bn in assets under management 1 No.1 asset manager in Europe for structured funds 2 No.1 43% for inflows on market share in structured products France on guaranteed in France 3 fund AUM 4 Source: 1. Amundi, data as of 29 September 2017, including Employee Stock Ownership Plans; 2.Amundi, May 2017; 3. Structured Retail Products, January 2017 (funds and notes) ; 4. Europerformance, May

3 Protected investment: why now? Historically and persistently low interest rates Political, economic and financial uncertainty Zero or even negative remuneration on assets historically considered to be non-risky An environment that poses a challenge to all risk-taking decisions A unique solution made in Amundi a new generation of protected investment: Protected investment means being able to adapt to many market situations with the double objective of seeking performance and partially protecting savings. For more information on the investment process and risks, please refer to the prospectus and KIID. 3

4 The key points of The objective of is to participate to the trend of financial markets with a partial and permanent capital protection. Search for performance Multi-asset: a broad and diversified investment universe An active and flexible management based on fundamental market analysis and investment convictions Partial and permanent capital protection A protection equal to 90% of the highest net asset value recorded since the sub-fund s inception A formal guarantee granted by Amundi SA (A + Fitch Ratings) A controlled risk: SRRI* 3 Open-ended fund Availability Savings available at all times Simplicity A simple and easily understandable message for investors *The SRRI corresponds to the risk/reward profile shown in the Key Investor Information Document (KIID). The lowest category does not mean a risk-free investment. The SRRI is not guaranteed and may vary over time. The sub-fund does not offer a performance guarantee. 4

5 Search for performance A broad and diversified investment universe To try to take advantage of all opportunities for performance on the markets All asset classes All geographic regions and sectors All types of assets All types of assets An active and flexible investment strategy To be able to constantly adapt to different market situations In case of favourable market conditions, the sub-fund prioritises risky assets to capture their performance potential 1 In case of bear or uncertain markets, the portfolio s level of risk is reduced and the sub-fund shifts towards less risky assets Preferred asset classes Equities, bonds Preferred asset classes Bonds, money market Risky assets Risky Risky assets assets 10% 40% 50% 10% 35% 55% Equities Bonds Money market Given for information purposes only. For more information on the investment process and risks, please refer to the prospectus and KIID. 1. The sub-fund does not offer a performance guarantee. 5

6 Partial and permanent capital protection A protection of 90% of the maximum NAV recorded since the fund s inception NAV Protected NAV Scenario 1: Bull market The protected NAV increases each time the sub-fund s NAV reaches a new high point: Rise in the NAV to EUR 112 The protected NAV is equal to EUR (112 x 90%) Entry point NAV = EUR 100 Protected NAV = EUR 90 Exit point NAV = EUR 119 Protected NAV = EUR Scenario 2: Bear market In the event of a subsequent fall in the NAV, the level of protection is maintained Fall in the NAV to EUR 108 The protected NAV stays at EUR A 10% maximum loss on the investment for any subscription date The level of protection increases each time the fund s net asset value reaches a new high Over time, the performance is partially locked-in Simulations provided for information purposes. They in no way serve as an indication of the future performance of or a guarantee of future returns 6

7 A formal guarantee of Amundi SA The parent company of Amundi Listed on Euronext, controlled by Crédit Agricole (70%) a credit institution under the supervision of the ECB The Guarantor guarantees at any time to the fund that the NAV per share is always at least equal to the Protected NAV. If the portfolio value falls below the Protected NAV, Amundi commits to pay irrevocably and permanently to the fund the full amount required to ensure the guarantee. If this case, the fund will not be able to be exposed any more to the financial markets and will be invested in money-market instruments. The fund will then be closed within 6 months. Investors will be informed at least one month before execution. Simulations provided for information purposes. They in no way serve as an indication of the future performance of a Protect 90 fund or a guarantee of future returns 7

8 A worldwide success story of the strategy Dedicated funds Flagship funds EUR USD Asset under management: 5.5 Bn Source Amundi, data as of 31/10/ Given for indication only 8

9 A strategy that has proven its worth over the long-term Our oldest fund.. Shows a 2.28% annual net performance from inception Launch: Nov 2008 Assets: M. Has taken advantage of positive market trends /10, 2013/14 has survived major financial crisis 2011: European debt crisis Net annual perf (YTD) 7.92% 3.93% -5.31% 1.89% 4.29% 4.33% 1.16% 0.27% 2.03% Performance * 29/07/ /09/2011 Protect % Equities -15.5% Fixed-income -1.0% 2015: Chinese crisis Source: Amundi. Figures as of 31/10/2017 Past performance is not an indication of future results. Given for indication only 9 Document intended for for professional investors

10 current situation Net performance YTD Cumulative returns 1 year Since inception* - AE 2.19% 1.56% 1.89% Protected NAV 91.70EUR Volatility 1.59% 1.76% 1.89% Absolute Return 6% Short-term bonds 11% Equities 18% Government bonds 28% Corporate bonds 37% * The fund has been launched on June 27, 2016 Data: Amundi as of 31/10/2017 Past performance is not an indication of future results. Given for indication only Document intended for for professional investors

11 To conclude 1 A winning alternative to risk-free investments, fitting current market conditions 2 A unique partial and permanent capital protection with an explicit guarantee 3 The efficient combination of multi-asset and protected asset management, two recognized expertise of Amundi 4 A success story of the strategy for distributors in Europe and Asia For more information on the investment process and risks, please refer to the prospectus and KIID Given for indication only 11

12 THANK YOU 12 Documento ad uso esclusivo di Document UniCredit. intended Ne è for professional investors vietata la diffusione presso il pubblico e la riproduzione anche parziale.

13 Legal characteristics Management company Custodian Guarantor Amundi Luxemburg S.A. CACEIS Bank, Luxemburg branch Amundi S.A. Type of share AE SE Currency of the share EUR EUR ISIN Code LU LU Category of share Initial minimum investment Recommended minimum investment period Valuation frequency Accumulation None 3 years Daily Annual management fees 1.10% Annual administration fees (incl. guarantee) 0.27% Conversion fee None Max. indirect management fees 0.50% (estimated at 0.45%) Estimated ongoing charges 1.92% Performance fee Max. conversion fee None N/A Max. subscription fee 4.5% Max. redemption fee Countries of registration None France, Luxembourg, Spain, Italy (SE), Austria, Germany, Finland, Greece Risk/reward profile (SRRI) Lower risk, potentially lower return Higher risk, potentially higher return The SRRI corresponds to the risk/reward profile shown in the Key Investor Information Document (KIID). The lowest category does not mean a risk-free investment. Not guaranteed and may vary over time. Risk of capital loss Equity markets risk Counterparty risk RISKS Interest rate and credit risk Emerging markets risk Currency risk Defensive stance risk Guarantee limitations risk 10 % max* Yes Yes Yes Yes Yes Yes Yes For a better understanding of all of the risks borne by this investment, you are advised to refer to the sub-fund s prospectus or KIID. *Capital protection up to 90% of the highest NAV recorded since the inception of the sub-fund 13

14 DISCLAIMER This document contains information about (the Sub-Fund ), sub-fund of Amundi Funds (the SICAV ). The SICAV is 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 and registered with the Luxembourg Trade and Companies Register under number B The SICAV has its registered office at 5, allée Scheffer, L-2520 Luxembourg. Amundi Funds has been authorized for public sale by the Commission de Surveillance du Secteur Financier in Luxembourg. Not all sub-funds of the SICAV (the «Sub-Funds») will necessarily be registered or authorized for sale in all jurisdictions or be available to all investors. Subscriptions in the Sub-Funds will only be accepted on the basis of the Sub-Fund s Key Investor Information Document (KIID) and the SICAV s latest prospectus, its latest annual and semi-annual reports and its articles of incorporation that may be obtained, free of charge, at the registered office of the SICAV or respectively at that of the representative agent duly authorized and agreed by the relevant authority of each relevant concerned jurisdiction. Consideration should be given to whether the risks attached to an investment in the Sub-Funds are suitable for prospective investors who should ensure that they fully understand the contents of this document. A professional advisor should be consulted to determine whether an investment in the Sub-Funds is suitable. The value of, and any income from, an investment in the Sub-Funds can decrease as well as increase. The Sub-Funds have no guaranteed performance. Further, past performance is not a guarantee or a reliable indicator for current or future performance and returns. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units. This document does not constitute an offer to buy nor a solicitation to sell in any country where it might be considered as unlawful, nor does it constitute public advertising or investment advice. The information contained in this document is deemed accurate as of November This material is solely for the attention of institutional, professional, qualified or sophisticated investors and distributors. It is not to be distributed to the general public, private customers or retail investors in any jurisdiction whatsoever nor to US Persons. It is not intended for citizens or residents of the United States of America or to any «U.S. Person», as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933 and in the prospectus of the Fund. Moreover, any such investor should be, in the European Union, a Professional investor as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments ( MIFID ) or as the case may be in each local regulations and, as far as the offering in Switzerland is concerned, a Qualified Investor within the meaning of the provisions of the Swiss Collective Investment Schemes Act of 23 June 2006 (CISA) and the Swiss Collective Investment Schemes Ordinance of 22 November 2006 (CISO). In no event may this material be distributed in the European Union to non Professional investors as defined in the MIFID or in each local regulation, or in Switzerland to investors who do not comply with the definition of qualified investors as defined in the applicable legislation and regulation. Amundi Asset Management, French joint stock company ( Société Anonyme ) with a registered capital of and approved by the French Securities Regulator (Autorité des Marchés Financiers-AMF) under number GP as a portfolio management company - 90 boulevard Pasteur Paris France RCS Paris. - Amundi Asset Management Société anonyme with a registered capital of Portfolio Manager regulated by AMF under number GP Registered office: 90, boulevard Pasteur, Paris, France RCS Paris - amundi.com 14