Amundi Funds Asia Pacific Renaissance

Asset class /
Geographical area : Equities / Asia
Benchmark : 100% MSCI AC PACIFIC
Minimum recommend investment period : 5 years

Launch date01/25/1990

Data as of 07 September 2010

Reference Currency : USD

Other dealing currency : EUR

Net assets (in M) : 21.54

NAV acc. share : 15.25

NAV distr. share : 15.20

Country of registration : Austria, Belgium, Chile, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Luxembourg, Macao, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, United Kingdom

Performance
NAVs
Management
Key features
News & Publications


Start Date	End Date
or time period	Currency

Performance from 12 September 2005 to 06 September 2010 ( USD )

Amundi Funds Asia Pacific Renaissance - C ( 23.80% over the period)

100% MSCI AC PACIFIC ( 21.28% over the period)

Sliding performance as of 06 September 2010 ( USD )
	YTD	1 week *	1 Month *	1 Year *	3 Years *	5 Years *
Fund	-3.61%	2.90%	-0.85%	3.74%	-25.48%	25.64%
Benchmark	2.70%	3.03%	-0.21%	8.44%	-14.74%	23.26%

Calendar performance ( USD )
	2006	2007	2008	2009
Fund	20.93%	30.08%	-45.66%	31.64%
Benchmark	15.68%	12.35%	-40.59%	35.48%

Risk indicators as of 06 September 2010
	1 Year	3 Years	5 Years
Volatility (Volatility)	12.46% (11.32%)	27.33% (23.86%)	24.15% (20.31%)
Tracking Error Ex Post	3.06%	6.68%	7.19%
Information Ratio	-1.54	-0.62	0.06
Sharpe ratio	0.29	-0.38	0.09

* Rolling performance : for funds that have been launched since less than 1 year or 3 years or 5 years, the performance showed in the table in the 1 year or 3 years or 5 years column is the performance since incentive of the fund.

All performance figures are calculated in your selected currency based NAV to NAV with gross income accumulated.

Past performance does not guarantee future returns. The value of an investment can rise or fall with market fluctuations, and you may lose the amount originally invested. The material is based upon information that we consider reliable as of the date shown, but we do not represent that it is accurate, complete, valid or timely, in particular any data communicated to us by a third party, and it should not be relied on as such for any particular purpose. All material is subject to change.

The fund performance is calculated net of investment management fees including commissions and custody fees. The benchmark performances are calculated with net dividend reinvested when applicable. Both performances for funds and benchmarks are calculated using internal software fed by external sources (predominantly Datastream).

The exchange rates used to convert the benchmark and investment funds are the rates published by WM/Reuters at 16:00 (London time) on the last day of the month.


Start Date	End Date
or time period	Frequency	Currency

NAV in USD as of 08/25/2010 to 09/07/2010
Dates	NAV Acc. share	NAV Distr. share	Net assets (in M)
09/07/2010	15.25	15.20	21.54
09/06/2010	15.24	15.19	21.53
09/03/2010	15.00	14.95	21.19
09/02/2010	14.91	14.86	21.06
09/01/2010	14.80	14.75	20.90
08/31/2010	14.62	14.57	20.65
08/30/2010	14.81	14.77	20.93
08/27/2010	14.68	14.63	20.80
08/26/2010	14.67	14.62	20.79
08/25/2010	14.57	14.52	20.66

Value as of 07 September 2010
	USD	EUR
Net assets (in M)	21.54	16.92
NAV acc. share	15.25	11.98
NAV distr. share	15.20	11.94
Last coupon paid on 09/24/2009	0.07

Management comment

MSCI AC Pacific free recouped all the YTD loss in July as the index was up 6%, driven by stronger market sentiment on the back of positive corporate results. Risk appetite has also improved on hopes that monetary condition may continue to stay loose in the US, where the Fed has indicated possibility of renewed quantitative easing, and China, where more evidence of slowing economic growth prompts a pause in PBOC’s recent tightening measures. While equity markets have staged a pleasant recovery, the volatility in the currency markets remains a concern. The recent sharp appreciation of the EUR and the JPY reflects lower appetite for risk as a result of the excessive loose monetary condition in an effort to promote money supply amid sluggish credit growth in the US. There are clear signs of a much slower economic growth in the developed world in 2011. We remain convinced that interest rates will stay low in the G3 in the foreseeable future. The fund has made no adjustment in country allocation last month. The portfolio is underweight in the externally-oriented economies (Taiwan and Korea) and overweight markets that are geared towards domestic demand growth and weaker reliance onexternal growth outlook (India and Indonesia). On a sector basis, the fund is heavily positioned in banks and properties that are direct beneficiaries from the ongoing asset price appreciation, a theme which we believe will continue to do well in 2010.

SECTOR BREAKDOWN Data as of 31 July 2010

Top portfolio exposures as of 31 July 2010
BHP BILLITON LTD	2.59%
ISHARES MSCI INDIA	2.18%
NINTENDO CO LTD	2.11%
SAMSUNG ELECTRONICS CO LTD	2.10%
START TODAY CO LTD	2.05%
TOYOTA MOTOR CORP	1.92%
AGRICULTURAL BANK OF CHINA	1.42%
COMMONWEALTH BK AUST	1.36%
FANUC LTD	1.34%
BANK OF CHINA LTD	1.30%

Management guidance

The investment objective is to outperform over the long term the index representing a fast-growing zone: emerging and developed Asian equity markets, with a broad exposure to Japan. Based on a fundamental, in-depth analysis of the zone's companies, the investment team seeks to detect stocks offering the best upside potential so as to focus the portfolio on its strongest convictions.

General information
Launch Date	Distr. share : 25 January 1990
	Acc. share : 25 January 1990
Legal domicile	SICAV
Manager	WU Raphael
Management Company	Amundi Luxembourg SA
Custodian	CACEIS BANK LUXEMBOURG
Asset class	Equities
Country of registration :	Austria , Belgium , Switzerland , Chile , Germany , Spain , Finland , France , Greece , Hong Kong , Luxembourg , Netherlands , Norway , Singapore , Sweden , Ireland , Portugal , United Kingdom , Macao

Conditions and fees
Valuation	Daily
Maximum subscription fee	4.50%
Max. annual management fees (incl.taxes)	1.60 IAT
1st subscription minimum	1.0 in thousandths of a share(s)
Reference Currency	USD
Other currencies	EUR

List of codes
	Acc. share	Distr. share
ISIN	LU0119090784	LU0119090941
BLOOMBERG	CARENAA	CARENDC
REUTERS	LP60055686	LP60055685

Publications

Document	Date updated	Size
Prospectus	2010-06-28	127 KB
Monthly Factsheet	2010-08-23	89 KB
Semi-Annual report	2009-02-26	1673 KB
Annual Report	2009-11-02	2906 KB

Disclaimers

Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi