Amundi, the European fund management group, has launched a sub-fund called Amundi Funds Patrimoine, part of its flagship Amundi Funds Luxembourg-domiciled SICAV.

Amundi, the European fund management group, has launched a sub-fund called Amundi Funds Patrimoine, part of its flagship Amundi Funds Luxembourg-domiciled SICAV.

The fund seeks to invest 85-100 per cent of its net assets in its master fund Amundi Patrimoine, which was launched in February 2012. It seeks to achieve an annual performance of 5 per cent above EONIA, which is the money market rate benchmark index in the euro zone, after deduction of fees, and capitalised over a recommended minimum investment horizon of five years.

The Sub-Fund does not offer a performance or capital guarantee.

Because the fund invests at least 85 per cent of its assets in its French master fund Amundi Patrimoine, the residual 15 per cent of the net assets will be invested in liquid assets and financial derivative instruments for hedging purposes only.

The fund’s manager can vary investments in equity, fixed income and currency markets from 0-100 per cent, investing directly in securities, ETFs, actively managed funds and derivative instruments, for maximum flexibility.