Amundi Funds - Equity Europe Conservative
Get ahead with high-quality equity investments while absorbing market shocks
The objective of the Sub-Fund is to outperform over an investment horizon of 5 years, the reference indicator MSCI Europe (dividend reinvested) while trying to keep the level of up and down movements in value of its assets over time ("volatility”) lower than the level of the reference indicator.
Important information before you continue
Before you invest in Amundi funds equity europe conservative, your are advised to read carefully the following documents:
The prospectus (PDF)
The last periodic report (PDF)
These documents are available for free in your ING-branch or on this website. These documents are available in English, Dutch or French.
The fund Amundi funds equity europe conservative is not an ING fund.
To achieve that objective, the Sub-Fund's portfolio shall be built in two steps as follows.
Firstly, after having applied a liquidity filter, the Sub-Fund seeks to exclude from the investment universe, the ones with poor fundamental quality (systematic multi-criteria analysis based on companies' balance sheets and income statements data).
Secondly, the Sub-Fund implements a quantitative optimisation process on the reduced list of stocks, in the aim of building a portfolio with low volatility. The optimisation procedure integrates constraints on the stock and sector weights, as well as exposure to certain risk factors.
The Sub-Fund invests at least 75% of its net assets in European equities.The use of derivatives will be an integral part of the investment policy and strategies of the Sub-Fund arbitraging, hedging and/or overexposing purposes.The Sub-Fund does not aim to replicate the reference indicator and may therefore significantly deviate from it.
Historical records – Actuarial Yield - Capitalization share
Source: Morningstar Direct ™
Actuarial gain expressed on an annual basis in the currency of the relevant UCITS over 1 year, 3 years, 5 years, 10 years and since inception. It relates to end-of-month returns based on historical data. The returns shown are valid for the capitalised parts of the UCITS and take no account of entry fees and potential taxes. Past performance is no guarantee of future performance and can be misleading. The value of shares in the fund and income received from it can go down as well as up, and investors may not get back the full amount invested. All performance data shown is in Euro, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations.
Sub-Fund launch date
16 October 2007
Class Launch date
16 October 2007
The reference currency is the Euro.
For an investor looking for:
- A fund that aims to capture the longterm growth of European businesses, while reducing the impact of equity market volatility.
- A fund that invests in the shares of profitable and financially strong companies.
- A fund focused on diversification.
The main risks for the Sub-Fund are:
- Market risk: Stocks and/or financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of stocks and/or financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country.
- Non-performance risk: the return realised during a specific period may be positive or negative, depending on the fund's investment strategy. The non-performance risk is strongly linked to the market risk.
- Capital risk: No guarantee is provided as to the recovery of your initial investment.
- Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
- Risks associated with derivatives intruments: the use of complex products such as financial derivative instruments might increase market movements in your portfolio.
No guarantee is provided as to the recovery of your initial investment.
The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.
A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.
Please refer to the Amundi funds equity europe conservative prospectus (PDF) for additional information.
Entry charge (applicable by ING Belgium): 3%
Exit charge: 0%
Ongoing charges taken from the Sub-Fund over a year : 1.81% (maximum)
Custody fee: 0%/annum
For other charges that might be paid by the investor, we refer to the prospectus (PDF).
Stock exchange tax (applicable to redemptions only):
Capitalization share: 1.32% (max 4,000 euros)
Distribution share: none
Withholding tax on dividends:
Capitalization share: none
Distribution share: 30%
Withholding tax in case of redemption:
Sub-fund permitted to invest more than 10% of assets in debt securities: yes
Sub-fund actually more than 10% invested in debt securities: no
Withholding tax (30% depending on the investor’s particular tax situation): applicable
*Tax treaty based on the current legislation
Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 10% of their assets in any kind of debts amounts to 30%.
This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.
Financial Service Belgium: CACEIS Belgium – Avenue du Port 86C boite 320-1000 Bruxelles