Paris, April 10, 2025: Crédit Mutuel Asset Management, a management company of La Française, the multi-specialist asset management division of Crédit Mutuel Alliance Fédérale, is pleased to announce that its US equity fund, CM-AM Convictions USA, has reached an important milestone: three years of existence and already over €670 million in assets under management .
CM-AM Convictions USA stands out in its peer group, as evidenced by its Morningstar rating of five stars over three years. Past performance is not indicative of future results.
Building on the success of its flagship fund, CM-AM Convictions Euro (which has over €1.3 billion in assets under management as at March 31, 2025, and a 19-year track record , managed by the historical duo of Jean-Louis DELHAY and Jean-Luc MENARD), the management company launched a new equity fund in 2022: CM-AM Convictions USA. This fund replicates the investment process of CM-AM Convictions Euro, but applied to the United States, with the STANDARD & POOR'S 500 as its benchmark index.
CM-AM Convictions USA is actively managed and discretionary. The fund aims to deliver a performance, net of fees, superior to its benchmark, the STANDARD & POOR'S 500, over the recommended investment horizon of more than five years. The management team, consisting of Valentin VERGNAUD and Jean-Luc MENARD, selects companies that are considered high-quality and judged attractive within the North American region. As at March 31, 2025, the portfolio is invested in 52 companies. CM-AM Convictions USA is classified Article 8 under the SFDR regulation.
The management team primarily focuses on companies positioned in dynamic markets and supported by MEGATRENDS. They have identified four key trends: technological innovation, well-being and lifestyle, sustainable economy and medical progress. These themes have been central to the fund since its inception and will continue to develop, regardless of the economic context.
Valentin VERGNAUD, co-manager of CM-AM Convictions USA, concluded: “The active conviction-based management of the fund is built on a rigorous financial and extra-financial selection process. Idea generation mainly comes from a quantitative scoring system, which highlights those companies considered the most interesting. The fund primarily focuses on what are viewed as quality stocks, whose growth prospects and cash flow generation are considered visible and resilient across different market phases. Together with a stable management team, this is how we build the 'quality and growth' oriented portfolios within Crédit Mutuel Asset Management’s “Convictions” range. The fund’s assets under management have grown to over €670 million in just three years, reflecting the strong interest of investors in this strategy."
Main risks associated with the fund: 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.
CM-AM CONVICTIONS USA
| Classification | Global Equities |
| Legal form | UCITS FUND |
| ISIN Code | FR00140077F8 IC |
| Risk Indicator | 4 (on a scale of 1 to 7, 7 representing the highest level of risk) |
| 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 S&P 500 Net Total 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 | S&P 500 Net Total 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 |
| Associated risks | 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. |
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