* 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 inception 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.
Value as of 18 August 2014
Net assets (in M)
NAV acc. share
NAV distr. share
Last coupon paid on 09/24/2013
NAV in EUR as of 08/05/2014 to 08/18/2014
Net assets (in M)
After having achieved new levels at the beginning of the month, the stock markets have closed at lower levels, affected by concerns regarding the evolution of the US monetary policy. The resurgence of geopolitical tensions in the Ukraine and the Middle East has also weighed heavily on investor perception. At the end of the month, the Argentine payment default – the second in thirteen years- has increased the risk of contagion of other emerging markets. The Eurozone has been affected by lukewarm economic figures and new fears of generalised risk brought on by Banco Espirito Santo.
The MSCI EMU thus ended the month with a 3.37% reduction. In terms of sector, it is worth noting the outperformance of technology and basic materials, compared to the under-performance of cyclical consumption and energy. In geographical terms, Finland (+1.6%) outperforms, whereas Portugal (-13.9%, affected by the underperformance of Banco Espirito Santo) and Austria (-9.3%) underperform.
During the period under review, Banco Comercial Portugues has become part of the 12bps level as a result of a capital increase. The security has thus moved from the MSCI Small Caps index to the MSCI Standard.
GEOGRAPHICAL BREAKDOWN Data as of 31 July 2014
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Using an optimised index management, the investment team seeks to generate a performance slightly higher than that its index, which represents the euro zone equity market. Relative risk, measured by the portfolio's tracking error, is limited to a very low level.
Distr. share : 23 September 2008
Acc. share : 23 September 2008
Amundi Luxembourg SA
CACEIS BANK LUXEMBOURG
Tax Category on Redemption
Tax Category on Distribution
Country of registration :
Austria , Belgium , Switzerland , Germany , Spain , Finland , France , Greece , Luxembourg , Netherlands , Norway , Sweden , Ireland , Portugal , United Kingdom , Czech Republic , Slovenia , Chypre
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