Amundi Funds Equity Japan Value
An original approach to investing in Japanese equity markets
The sub-fund invests in shares of Japanese companies selected following a value strategy (based on the analysis of divergence between share prices and improving firm values, in order to benefit from out performances resulting from a future correction of the stock prices evolution). It may invest in derivative instruments for hedging purposes and for the purpose of efficient portfolio management.
Before you invest in Amundi Funds Equity Japan Value, your are advised to read carefully the following documents:
- The Key Investor Information Document or KIID (PDF)
- 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 Japan Value 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: 15/06/2006
Class Launch date: 15/06/2002
Reference currency: The reference currency is the JPY. The yield in euro could be positively or negatively influenced by currency fluctuations.
For an investor :
- Exposure to the growth from countries undergoing reconstruction
- An investment in companies which have maintained their leading positions in many sectors
- An asset class that offers 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.
No guarantee is provided as to the recovery of your initial investment.
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 Japan Value prospectus (PDF) for additional information.
Minimum investment: 1 part
- Entry charge (applicable by ING Belgium): 3%
- Exit charge: 0%
Ongoing charges taken from the Sub-Fund over a year : 2.05%.
Custody fee: 0%/ annum
For other charges that might be paid by the investor, we refer to the prospectus.
- Stock exchange tax (applicable to redemptions only):
- Capitalization share: 1,32% (max 2000 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): not 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 86 C boîte 320, 1000 Bruxelles.
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.ombfin.be).