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Amundi
A leading European asset manager
Data as at 30 June 2010
A company of Crédit Agricole / Société Générale
Amundi was formed by combining the asset
management expertise of two major banking
groups: Crédit Agricole and Société Générale.
is partnership reflects the two groups’ shared vision of asset management, responding
to the new challenges facing the industry and
allowing them to serve their clients more
effectively. With €675.5 billion in assets
under management1, Amundi ranks third in
Europe2 and is one of the top 10 asset
managers worldwide3.
75%
Crédit Agricole
25%
Société Générale
1. Amundi Group figures as at 30 June 2010
2. No. 3 in continental Europe - Total worldwide assets under management (open-ended funds, dedicated funds, mandates) - Source IPE Top 400 published in June 2010, based on figures as at December 2009
3. No. 8 worldwide - Total worldwide assets under management (open-ended funds, dedicated funds, mandates) - Source IPE Top 400 published in June 2010, based on figures as at December 2009
“
Our aim is to establish Amundi
as a leading European
asset manager
”
Being one of the world market leaders in asset
management sets the highest standards in
terms of performance, transparency, and the
long-term strategy for our business. Our aim
is to establish Amundi as a leading European
asset manager not only through its size, but
also on four key competitive strengths:
• quality products, characterised by both
their performance and transparency,
• close relationships with clients, partner
networks and institutional clients, developed
for the long-term,
• anefficientorganisationalstructure, founded
on the individual and collective skills of its
staff,
• a commitment to integrate sustainable
development and social utility criteria into
its investment policies, alongside financial
drivers.
Amundi plans to make full use of all these
strengths as it pursues its global development
strategy.
Yves Perrier,
Chief Executive Officer of Amundi
1
Amundi, a global
asset manager
A sizeable player
With €675.5 billion in assets under management1, Amundi is
one of the world’s largest asset managers.
1
2
No.
No.
3
3
No.
8
4
AUM 1
€675.5 bn ($824.1 bn)
Recognised for its expertise
>
Fixedincome
One of the world market leaders in Euro fixed income, global fixed
income, money market and credit activities
>
Equities
An established presence in European equities and strong niche areas
of expertise in Japanese, Asian and emerging market equities
>
Absolutereturn
A leading position built on a track record of innovation
>
Savingssolutionsforretailclients
Internationally recognised for its expertise in providing
customised products
>
Investmentsolutionsforinstitutionalclients
Acknowledged expertise in investment solutions for institutional clients
Breakdown of assets under management
by asset class 1
Absolute Return: 2%
Alternative: 3%
Structured: 6%
Equities: 14%
Diversified: 9%
Money Market: 18%
Bonds: 48%
With an extensive and well
balanced client base
Amundi boasts an outstanding client base:
Breakdown of assets under management
by type of client
Institutional clients
and third-party
distributor: 35%
Partner nerworks
and Employee Saving: 26%
• via its partner networks, more than 100millionretailclients
worldwide,
• more than 3,000institutionalclientsand third-party distributors,
operating in over 30 different countries.
2
Groupes: 39%
Crédit Agricole S.A. and Société Générale
1. Amundi Group figures as at 30 June 2010
2. Open-ended funds domiciled in France - Source Europerformance NMO, June 2010
3. No. 3 in continental Europe - Total worldwide assets under management (open-ended funds, dedicated funds, mandates) - Source IPE Top 400 published in June 2010, based on figures as at December 2009
4. No. 8 worldwide - Total worldwide assets under management (open-ended funds, dedicated funds, mandates) - Source IPE Top 400 published in June 2010, based on figures as at December 2009
And broad international presence
Amundi has management teams operating in the major financial
centres in Europe (Paris, London, Milan), Asia (Japan, Hong Kong,
Singapore), Australia and the US. It invests in all asset classes and
major currencies (Euro, Yen, Dollar, Sterling).
Management teams operating in all the major financial markets
and a sales network with extensive coverage.
Helsinki
Helsinki
Brussels
Frankfurt
Luxembourg
Montreal
Los Angeles
Beijing
Geneva
Washington
Monaco
Athènes
Abu Dhabi
Brunei
São Paulo
Santiago de Chile
Sydney
* pending authorisation from competent authorities
Amundihasastronglocalpresenceandiscommittedtoofferingits
clientsarelationshipdefinedbybothproximityandalong-termview.
Its sales network enables it to offer:
• a local point of contact to tailor and propose investment solutions
specific to client’s needs,
• excellent customer service at every point of the value chain, marked
by quality, a pro-active approach and efficiency.
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Amundi, a client-oriented
organisational structure
The partner of choice
for distribution networks
Amundi provides the largest distribution
networks in Europe and Asia with innovative,
simple and secure savings solutions best
suited to their clients.
With its unique multi-network partnership
model, Amundi has developed close
relationships with a number of distributors.
Amundi currently supplies 8 partner networks
in France and abroad with asset management
products and reaches over 50 million retail
investors via these networks. rough its
joint ventures in China, India1 and Korea,
it is also present in markets offering strong
growth potential and provides products
for an additional 50 million clients.
Networks Clients
Partner networks
France
Partner networks
abroad
Partners through
joint ventures
1
100 million clients
Auniquesystemforeachnetwork
Amundi has considerable experience of working with numerous partner networks
across the globe. As a value-added service provider to its distributor clients,
Amundi offers each the benefit of this experience with:
• acomprehensiverangeof products, investment solutions and related services
defined with each network according to the profile of their client base.
• acknowledgedsalesmanagementskills. Each network has a team dedicated
to implementing and supporting sales management with tools, services and
training for advisors.
• closeanddynamicrelationshipsdevelopedforthelong-term. Asset
management services are reviewed regularly to take the changing needs
of each network into account.
4
1. Pending authorisation from competent authorities
The asset manager of choice for institutional
clients and third-party distributors
Amundi develops effective and innovative products for over 3,000 institutional
clients in some 30 countries. It is Europe’s leading asset management company
for institutional clients1 and has ties with the largest sovereign wealth funds,
pension funds, institutional and corporate funds in France and abroad. It has more
than 2,000 distribution agreements with the leading platforms in Europe and Asia.
Institutional clients
• Institutions
• Corporates
• Third-party
distributors
• Private banks
• Multi-managers
• Sovereign institutions
• Pension funds
3,000
clients
Amundi, a global brand
for institutional clients and
third-party distributors
Specificsolutionsforeach
categoryofinstitutionalclients
Amundi is committed to providing long-term support for its institutional
clients by offering them a standard of service best suited to their needs.
As every client has its own challenges and constraints, Amundi’s strong
local presence enables it to better assess each client’s needs and propose the
appropriate solutions. rough being present in all asset classes and in all
geographical regions, Amundi is able to build tailor-made portfolios based
on the client’s specific activity and risk profile.
Clients benefit from a dedicated point of contact allowing them to access all
of Amundi’s areas of expertise. ey also benefit from the support of product
specialists, investment managers and marketing experts. Amundi provides clients
with tailored documentation, as well as reliable and transparent reporting.
1. No. 4 - Open-ended funds, dedicated funds, mandates - Source IPE Top 120 European
Institutional Managers published in June 2010 based on figures as at December 2009
5
Amundi, effective investment
Recognised expertise1
Fixedincome
>
Euro/Global/Moneymarket/Credit/Inflation/Emergingdebt
- No. 2 in Europe in money market funds2
- No. 2 in Europe in Euro inflation-linked bond funds2
- No. 5 in Europe in Euro bond funds2
- Lipper Fund Awards 2010: Best fund over 5 years in the
"Euro - Corporate bond" category and best fund over 10 years
in the "Global bonds" category
Equities
>
Europe/Asia/Japan/Emergingmarkets/US
- No. 2 in Europe in European equity funds2
- La Tribune 2009 innovation award for a minimum variance equity fund
- Asian Investor Awards 2009: Best global equity funds
- Lipper Fund Awards 2010: Best fund over 10 years in the "Equity Greater China"
and "Equity Emerging Markets Latin America" categories
Absolutereturn
>
Volatility/VaR/Forex/Equities/Fundsofhedgefunds/Fundsofprivate
equityfunds
- No. 4 in Europe in absolute return funds2
- La Tribune 2004 and 2005 innovation award for a VaR fund and a Forex fund
- Hedge Fund Awards 2009: Best Global Macro fund over 3 years
- Funds Awards 2010 €uro am Sonntag : Best Absolute Return fund over 3 years
Savingssolutions
forretailclients
>
Guaranteedfunds/Structuredfunds/Realestate/Employeesavings
- No. 1 in Europe in guaranteed funds2
- No. 1 in France in employee savings3
- La Tribune 2004 and 2006 innovation award for structured funds
Investmentsolutionsfor
institutionalclients
6
>
Asset/liabilitymatching/Assetallocation/Pensionproducts
- FRR global exposure mandate won in 2009
1. Non-exhaustive list of areas of expertise - Past performance does not guarantee future performance
2. Source Lipper FMI - June 2010 - Funds domicilied in Europe and in related offshore territories
3. Source AFG published in April 2010 based on figures as at December 2009
An innovative management model
Amundi has organised its investment teams in order to meet the expectations
and concerns of all of its clients as best possible:
• an asset management platform dedicated to the clients of partner networks
devises innovative, straightforward and secure savings solutions with risk
profiles and rates of return to suit each type of client.
• a multi-expertise “boutique” style platform offers institutional investors
and external distributors effective and innovative funds, as well as tailor-made
investment solutions. Working on human scale, they offer a high level of autonomy within the framework of Amundi’s general policies. is organisational
structure facilitates transparency and visibility, allowing us to remain alert
& reactive.
Benefiting from close coordination
between platforms, this innovative
organisational model favours synergies
between the different management
teams. For example, products intended
for retail clients benefit from the
performance drivers developed for
institutional clients whilst the volume
of assets managed by Amundi allows
for higher rates of return.
Management
Clients
Savings solutions production platform
(guaranteed funds, index-linked funds etc.)
Partner network
retail clients
Expertise synergies
Multi-expertise platform
(fixed income, equities, absolute return etc.)
Institutional clients
and third-party distributors
Powerful research and analysis
A high level of risk
management
Amundi firmly believes that risk
management is the key to good
asset management and thus makes
it a priority. With a central and
independent risk management
department, risks are monitored on
a unified, integrated and consistent
basis, regardless of where the asset
management team is based.
With the best buy-side analyst team in France1, Amundi is known
all over the world for its research capabilities which covers all asset
classes and investment themes. ese resources, dedicated entirely
to Amundi, are centralised and strengthened by the asset manager’s
links to academic circles. is represents a real advantage for the
development of its investment strategies and asset management teams,
contributing to both fund performance and training of clients.
Integrated support functions
(IT, middle and back office etc.)
To satisfy the needs of its clients, Amundi benefits from support
functions rolled out across all group entities and managed on an
integrated basis. ese support functions provide a high standard
of information and reporting suited to clients’ needs, as well as
transparency and security in order execution.
1. According to omson Reuters rankings of the top buy-side analysis firms, June 2009
7
Amundi, a committed player
A leader in SRI
asset management1
Responsible
asset manager
A committed company
A leader in SRI asset management
Responsible asset manager
Amundi is France’s largest asset manager in open-ended Socially
Responsible Investment (SRI) funds1, with SRI assets under
management of €11.9 billion2. It offers its clients a comprehensive
range of products covering all asset classes (best-in-class funds,
ethical funds, shared return funds, social entrepreneurship funds
and development support funds). As a committed asset manager,
Amundi is involved in marketplace discussions and supports related
academic research.
Aware of its responsibility as a key
player in the asset management
industry, Amundi has adopted the
highest standards in applying
marketplace regulations, particularly
with regard to information and
transparency on the instruments and
management techniques used.
Furthermore, within the framework
of its active asset management, it
does not allow its UCITS funds to
invest directly in companies involved
in the manufacture or trade of antipersonnel mines and cluster bombs.
A committed company
Amundi’s aim is to apply the principles of social responsibility to
how it operates.
• Environment: reducing and monitoring its impact on the environment.
• Social: combating discrimination and promoting equal opportunity.
• Corporate governance: ensuring the transparency and integrity of
our practices.
8
As a signatory of the Principles
for Responsible Investment (PRI),
Amundi is committed to taking
greater account of sustainable
development and social utility
criteria in its investment policies,
alongside financial criteria.
1. No. 2 - Open-ended funds - Source Novethic "L’essentiel de l’ISR" July 2010
2. Amundi Group figures as at 30 June 2010
For Amundi’s visual domain, the choice went to the
worksofaGermanphotographer,FrankHülsbömer.
Using photography as a medium, Frank Hülsbömer explores a range of abstract images built from miscellaneous
elements such as coloured paper, plexiglas sheets, threads,
playing on the shadows cast by these objects.
e Berlin photographer’s approach is both scientific and
artistic, clearly influenced by the Bauhaus and the Russian
Avant-Garde. As a regular contributor to the Wallpaper
Magazine, Frank Hülsbömer built his reputation on his
views of exteriors and landscapes. He then turned to
interiors, using his meticulous and skilful technique to
create multifaceted images like still lifes. ese works are
presented in his latest book, e Fiction of Science.
Issued by Amundi, French joint stock company (“Société Anonyme”) with a registered capital of Euro 578 002 350 and approved by the French Securities Regulator (Autorité des Marchés
Financiers-AMF) under number GP 04000036 as a portfolio management company, 90, boulevard Pasteur -75015 Paris-France – 437 574 452 RCS Paris.
This material is solely for the attention of institutional, professional, qualified or sophisticated investors and distributors. It is not to be distributed to the general public, private customers or
retail investors in any jurisdiction whatsoever nor to “US Persons”.
Moreover, any such investor should be, in the European Union, a “Professional” investor as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”)
or as the case may be in each local regulations and, as far as the offering in Switzerland is concerned, a “Qualified Investor” within the meaning of the provisions of the Swiss Collective Investment
Schemes Ordinance of 23 June 2006 (CISA), the Swiss Collective Investment Schemes Ordinance of 22 November 2006 (CISO) and the FINMA’s Circular 08/8 on Public Offering within the meaning
of the legislation on Collective Investment Schemes of 20 November 2008. In no event may this material be distributed in the European Union to non “Professional” investors as defined in the
MIFID or in each local regulation, or in Switzerland to investors who do not comply with the definition of “qualified investors” as defined in the applicable legislation and regulation.
This material is provided for information purposes only and does not constitute a recommendation, a solicitation, an offer, an advice or an invitation to purchase or sell any fund, SICAV,
sub-fund, (“the Funds”) and should in no case be interpreted as such.
Not all sub-funds or share classes of the Funds will necessarily be registered or authorized for sale in all jurisdictions or be available to all investors.
Subscriptions in the Funds will only be accepted on the basis of the Funds ’s latest complete and simplified prospectuses, its latest annual and semi-annual reports and its articles of incorporation
that may be obtained, free of charge, at the registered office of the SICAV or respectively at that of the representative agent duly authorized and agreed by the relevant authority of each relevant
concerned jurisdiction.
Consideration should be given to whether the risks attached to an investment in the Funds are suitable for prospective investors who should ensure that they fully understand the contents of
this document. A professional advisor should be consulted to determine whether an investment in the Funds is suitable.
The value of, and any income from, an investment in the Funds can decrease as well as increase. The Funds have no guaranteed performance. Further, past performance is not a guarantee or a
reliable indicator for current or future performance and returns. The performance data do not take account of the commissions and costs incurred on the issue and redemption of units.
This document does not constitute an offer to buy nor a solicitation to sell in any country where it might be considered as unlawful, nor does it constitute public advertising or investment advice.
The information contained in this document is deemed accurate as at 30 June 2010.
amundi.com
This document uses Condat-Silk PEFC certified paper, guaranteeing sustainable management of forests. This document has been printed by a professional labelised "Imprim'Vert".
The four-colour printing is made from vegetable-based inks. Design: Amundi's Communication Department - Copyright: Frank Hülsbömer - Printing: TPI - October 2010