Key takeaways
- Adjustments have been made to a selection of fund names and to investment policies based on the ESMA Guidelines on Funds’ Names. These changes are now fully operational.
- Part of our funds changed their name to clearly declare their nature, while others adjusted their investment policies, notably to comply with the applicable exclusions (CTB/PAB)1.
- Some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions.
- Our active range has been reshaped into 2 groups which make up 4 pillars2.
On Monday 28 April 2025 Amundi implemented changes to our active product range in line with the recommendations set out in the ESMA Guidelines on Funds’ Names.
What does this mean for Amundi funds?
At Amundi we decided to use the introduction of the new guidelines to review our active product range3 and go beyond the recommendations set out in the guidelines. We wanted to go further and provide the maximum clarity possible for investors helping them select the best solutions to achieve their financial objectives and align their investments with their values.
There are two different types of changes implemented. Part of our funds changed their name to clearly declare their nature, while others adjusted their investment policies, notably to comply with the applicable exclusions (CTB/PAB)1. It’s important to note that some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions.
Our active range has been reshaped into 2 groups which make up 4 pillars2.
The first group includes funds that can invest in all economic activities. Our standard and select range of funds make up the 2 pillars within this group.
- Our select funds favour good ESG practices. These funds invest in all economic activities with ESG practices 20% better than the market (based on the funds average ESG score) and/or exclusion of the 20% worst companies.
- Our standard funds invest in all sectors while applying Amundi’s minimum ESG exclusions and our Stewardship policy. Funds within our standard active range invest in all economic activities offering a broad exposure to the different financial markets while applying traditional and best in class approaches.
The second group includes funds that don’t invest in companies that derive certain parts of their revenues from fossil fuels. Our responsible and climate funds make up the other two pillars and they can be found in this group.
- Our climate funds seek to fight climate change with a focus on carbon emissions. Our investment managers aim to choose companies to invest in that have a clear path to carbon neutrality.
- Our responsible funds include those companies with strong ESG practices and they comply with the requirements of the PAB alongside the rules that Amundi set for this category.
Shareholder notice
Shareholder notice
To find out more about the changes please view our Shareholder notice
To find out more about the funds
1. ESMA refers to CTB exclusions as detailed only in Article 12.1 (a-c) of Commission Delegated Regulation (EU) 2020/1818 and refers to PAB exclusions as detailed only in Article 12.1 (a-g) of Commission Delegated Regulation (EU) 2020/1818 (art. 12.2 and 12.3 are not to be considered part of the ESMA fund naming exclusions).
2. Representation based on Amundi’s understanding of ESMA’s guidelines published in English on May 14th, 2024. It could be subject to change depending upon any interpretation or guidance for implementation that would be applied by national competent authorities.
3. Amundi Funds & Amundi S.F.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 30 April 2025. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
Date of first use: 30 April 2025
Doc ID: 4443346