Paris, October 22, 2024: Crédit Mutuel Asset Management, a member of La Française, the multi specialist asset management business line of Crédit Mutuel Alliance Fédérale, is pleased to announce that the Eurozone equity fund, CM-AM Convictions Euro, has surpassed €1 billion in assets under management . The crossing of this symbolic threshold testifies to rising investor interest in the fund’s long-standing stock picking strategy.
CM-AM Convictions Euro is actively managed on a discretionary basis. Its investment objective is to achieve an annual return, net of fees, over the recommended investment horizon of more than 5 years higher than that of its benchmark, the EURO STOXX Net Return index.
CM-AM Convictions Euro is a Eurozone equity fund that features:
- A proven investment process with a 17-year track record , supported by in-house quantitative and qualitative research tools.
- Conviction based asset management based on four key trends: innovation, sustainable economy, lifestyle and longevity.
- A quality/growth bias: the fund management team focuses on quality companies that exhibit strong growth but can integrate more cyclical companies according to market stages.
- An all-cap strategy: the fund invests in small (capitalizations greater than €200 million), mid and large-caps in order to optimize the performance/risk ratio of the portfolio. As at 30/09/2024, the portfolio was 87% invested in large-caps, contributing to ensure the liquidity of the fund.
- A sustainable approach: the fund is classified Article 8 according to SFDR and integrates ESG criteria into various stages of the investment process.
The fund is consistently well ranked within its peer group as evidenced by its Morningstar ratings over various time periods . Past performance is not indicative of future performance.
Jean Louis DELHAY, CIO of Crédit Mutuel Asset Management and lead manager of the fund, commented:
"The fund's appeal is based on active, conviction driven management that adapts to market conditions with a quality-oriented core portfolio and a selection of companies deemed capable of creating value over the long term. This approach has allowed us to navigate various market cycles while offering an attractive risk/reward profile to our investors.”
Eliana de ABREU, CEO of Crédit Mutuel Asset Management, concluded:
“We are very proud to have reached this symbolic milestone of €1 billion in assets under management which is a testament to the quality of the fund’s management. The growing interest of investors reflects the relevance of our fundamental and long-term approach.”
CM-AM CONVICTIONS EURO | ||
Classification | Euro Equity | |
Legal form | SICAV under French law, sub fund of CM AM SICAV | |
ISIN Code | FR0013384989 (Action IC) | |
Risk Indicator |
| |
Recommended investment period | Over 5 years | |
Investment objective
| The investment objective of fund is to seek an annual performance net of fees higher than that of its Euro Stoxx ® Net Return benchmark over the recommended investment period. The composition of the fund's portfolio may differ significantly from that of its benchmark index. | |
Reference Indicator | Euro Stoxx ® Net Return | |
Allocation of distributable amounts | Accumulation | |
Management and other Operating and Administrative Expenses
| Refer to the Key Information Document | |
Entry/Exit costs | 2%/0% | |
Minimum Initial Subscription | 1 share | |
Valuation | Daily | |
| Loss of capital risk, market risk, small cap equity investment risk, emerging markets investment risk, currency risk, convertible bond risk, interest rate risk, credit risk, investment in speculative securities (high yield), impact of techniques such as derivatives, liquidity risk, sustainability risk. | |