Amundi Funds Equity Emerging Focus - AU

Amundi

Benefit from the growth potential of emerging market internal demand…


Investment Policy

Amundi Funds Equity Emerging Focus - AU, a sub-fund of the SICAV investment fund under Luxembourg law Amundi Funds, aims to secure a long-term capital growth by investing at least two thirds of its assets in shares and financial instruments replicating or based on shares (“equity-linked instruments”) of companies of developing countries. Such companies are selected following a process that identifies those taking benefit from emerging countries growing demand in term of household consumption, domestic investments and infrastructure development.

The Sub-Fund may invest in financial derivative instruments for hedging purpose and for the purpose of efficient portfolio management.

The MSCI Emerging Markets index represents the reference indicator of the Sub-Fund. The Sub-Fund does not aim to replicate the reference indicator and may therefore significantly deviate from it.

The accumulation share automatically retains, and re-invests, net investment incomes within the Sub-Fund when the distribution share pays dividends in September of each year.

The minimum recommended holding term is 5 years.

Shares may be sold or redeemed (and/or converted) on any dealing day (except otherwise stated in the prospectus) at the respective dealing price (net asset value) in accordance with the articles of incorporation. Further details are provided in the prospectus of the UCITS.

Before you invest in Amundi Funds Equity Emerging Focus - AU, your are advised to read carefully the following documents:

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 Emerging Focus - AU is not an ING fund.

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.

Fund launch date: October 16, 2007

Class Launch date: October 16, 2007

Reference currency: The reference currency is the American Dollar. The yield in euro could be positively or negatively influenced by currency fluctuations.

For an investor seeking:

  • The potential from emerging internal demand, one of the main long term growth drivers in these countries.
  • A stronger growth momentum than in developed countries.

But…

The main risks for the Sub-Fund are :

  • Market risk : the overall market risk, taking into account past performances and future potential evolution of the markets, associated with stocks and/or financial instruments used to reach the investment objective is considered high. 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 realized 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.
  • Liquidity risk: in case of low trading volume on financial markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation.
  • Counterparty risk: represents the risk of default of a market participant to fulfil its contractual obligations vis-à-vis your portfolio.

Net Asset Value

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 (http://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 Emerging prospectus - AU (PDF) for additional information.

Minimum investment: 1 part

Term: undefined

One-off charges

  • Entry charge (applicable by ING Belgium): 3%
  • Exit charge: 0%

Ongoing charges

Ongoing charges taken from the Sub-Fund over a year: 2,45%.

Custody fee: 0%/ annum

For other charges that might be paid by the investor, we refer to the prospectus.

Taxation

  • Stock exchange tax (applicable to redemptions only):
    • Capitalization share: 1,32% (max 4000 EUR)
    • 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 25% of assets in debt securities: no
    • Sub-fund actually more than 25% invested in debt securities: no
    • Withholding tax (30 % depending on the investor’s particular tax situation): non 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 25% 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.

Identity of de financial agent

Financial Service Belgium : CACEIS Belgium – Avenue du Port 86C boîte 320 – 1000 Bruxelles

Complaints Service

Complaints can be lodged with ING – Customer Service – Cours Saint Michel, 60 – 1040 Brussels. If no settlement can be reached in this way, please contact the Banks - Credit - Investments Mediation Service (www.ombudsfin.be).

Are you interested ?

Make an appointment now at the ING branch of your choice.

For more information, read the following documents:

Are you interested ?

Make an appointment now at the ING branch of your choice.