Fund Management

Amundi Subsidiary Launches Fund To Help Rising Food Challenges

Robbie Lawther Reporter 23 October 2017

Amundi Subsidiary Launches Fund To Help Rising Food Challenges

The fund looks to try and deal with the world's rising food challenges.

CPR AM, a subsidiary of asset management firm Amundi, has launched CPR Invest – Food for Generations, a sub-fund within its Luxembourg SICAV CPR Invest range.

The fund will focus on investing in everything from farms to forks to help ensure a sufficient and sustainable response to address the world’s rising food challenges, the firm said in a statement.

It will be co-managed by Stephane Soussan, portfolio manager, who specialises in agriculture, energy and natural resources, and Anne Le Borgne, senior portfolio manager, who focuses on lifestyle and luxury.

CPR-AM has said the fund will provide exposure to 600 stocks across agriculture, water, food products, beverages, and the food retail and restaurants space. For each of the stocks it invests in, Food for Generations will consider the environmental and social impacts as well as potential governance factors.

Food For Generations will be available to investors in Austria, Belgium, Czech Republic, Finland, France, Germany, Italy, Netherlands, Spain, Switzerland, Sweden and UK.

The fund‘s launch coincided with the week of World Food Day and underlines the importance of ensuring sustainable investment in food and water for future generations, and meeting the world’s rising food challenges.

“Our team is constantly looking for new themes and innovative approaches to investing which are anchored in long-term cycles,” said Vafa Ahmadi, head of global thematic equities. “Following the launch of global disruptive opportunities, Food for Generations was the logical next step as the modern investor becomes more concerned with food, water and the way in which it travels from farm to fork. At CPR AM we have identified a number of growth drivers across the entire food value chain, powered by trends such as a growing world population, economic development and urbanisation," Ahmadi said.

CPR AM is CPR AM is an investment management firm with €43.6 billion in assets under management, as of 30 June.

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