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ESG Investing / Asset Management / Wealth Management
Amundi launches three funds for Singapore retail investors
Two of the funds integrate ESG considerations into portfolio evaluation process
The Asset 23 Feb 2021

French asset manager Amundi has introduced three flagship funds to retail investors in Singapore. The funds hold either four-star or five-star rating from US financial services firm Morningstar.

Amundi Funds Pioneer US Bond is a multi-sector fixed income fund that invests mainly in a wide range of US dollar investment-grade bonds, with the goal of achieving competitive returns without excessive additional volatility.

Amundi Funds Polen Capital Global Growth is a global equity fund with a high-conviction portfolio that consists of high-quality companies, including some of the world’s leading businesses with sustainable competitive advantages and the potential to deliver above-average earnings and long-term free cash flow growth over the long term.

KBI Global Sustainable Infrastructure Fund is a global equity fund focused on high-quality and sustainable infrastructure companies that aims to deliver strong investment returns with diverse exposure to water and clean energy infrastructure, food storage and transportation and farmland. KGI Global Investors has been part of the Amundi Group since 2016.

Vincent Mortier, deputy chief investment officer and Asia ex-Japan supervisor at Amundi, comments: “The path to recovery in 2021 will be an uneven one, with the virus cycle dictating the sequence. Against this backdrop of low rates, low growth and low inflation, the flagship offering can provide investors exposure to opportunities for diversification, quality value and post-Covid ESG themes. It will be a multi-year process to get the world back in order, which makes it all the more important that investors consider core strategic building blocks to build a long-term resilient portfolio.”

Two of the flagship funds actively integrate environmental, social and governance (ESG) considerations into the portfolio evaluation process to address growing sustainability challenges and meet investors’ ESG investment goals, the company notes.

Amundi Funds Polen Capital Global Growth has a five-globe Morningstar sustainability rating, a ranking that allows investors to understand how the companies in their portfolios are managing their ESG risks relative to their peers. Also, more than 80% of revenue from KBI Global Sustainable Infrastructure Fund directly supports the United Nations’ Sustainable Development Goals.

In 2018, Amundi established a three-year action plan that targets to integrate ESG criteria in all actively managed open-ended funds by the end of 2021. It also aims to reach 100% in ESG analyses for the securities in its portfolios and benchmarks, while 100% of proxy votes will take ESG issues into consideration. The firm manages 378 billion euros (US$460 billion) in responsible investment as of December 2020.

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