Amundi's Equities Strategies

Amundi Equities uniquely combines a strong local presence, active company engagement, deep equity research capabilities and an integrated portfolio construction with a disciplined and repeatable high conviction investment process. 

5 Reasons to partner with Amundi for Active Equity Strategies

The Equities range in a glimpse

Core Equities

Core Expertise includes all the alpha products – high conviction strategies seeking to outperform their respective benchmark. Through bottom up, fundamental stock selection, these strategies have proven track records of delivering strong risk-adjusted returns over the medium term.

Emerging Market Equities

Amundi applies an integrated and research led approach to investing in EM. We aim to create alpha and avoid permanent capital impairment in a highly imperfect market via a holistic approach. To do so, we have embedded risk management and portfolio construction capability with bespoke tools designed around the investment process.

Emerging Markets Strategies Amundi's applies an integrated and research led approach to investing in EM, looking across equity and fixed income. Read more

US and Global Equities

US and Global Equities

Headquartered in Boston, the US Equity Platform offers a broad range of actively managed US and Global Equity strategies to meet the needs of sophisticated institutional investors.  The US Investment platform dates back to 1928, and was the first in the US to incorporate responsible investing criteria into its portfolios. Today, the equity investment team fully integrates detailed ESG analysis into its disciplined fundamental research process, leveraging Amundi’s equity and ESG resources around the globe.  A team of dedicated portfolio managers and highly experienced, sector-focused equity research analysts collaborates closely to share timely information and generate ideas across industries and sectors. The US investment team  focuses on identifying attractively valued equities of businesses that are sustainable from a competitive, financial and ESG perspective,  with one clear goal in mind:  generating strong risk-adjusted returns over time.

The US Equity platform includes a broad range of active strategies across key areas of US and global markets:

Innovation is part of our DNA. Amundi Equities launched three new active ESG strategies – an area in which a structural shift in client allocations continues.

Our ESG Improvers concept, created and developed by Amundi Equities, aims to extract alpha from financially attractive companies, which are also committed to improving their ESG trajectory. Our Sustainable Income range in Europe and Global equities will address a gap in the market for ESG-conscious income investors, by targeting sus­tainable business models with solid dividend yields.

Responsible Investing

Protected Equity Solutions

Our protected equity strategy

Equities can provide great returns over the long run at the expense of being quite volatile. Protection solutions aim to reduce drawdowns, portfolio volatility and can address other issues (e.g. regulatory constraints such as Solvency II). They also reduce the risk of unfortunate market timing. However, structuring reactive solutions which are cost efficient and sustainable over the long run requires expertise. Amundi’s Convexity Solutions team aims to offer asymmetric risk return profiles across its offering. The team has +20 years of experience in managing derivatives and equity volatility strategies, on which it builds when structuring protection solutions. These are bespoke, to best meet the needs of each client. They focus on the most liquid listed equity index options, which are naturally convex. They aim to offer a good balance between reactivity and costs. They range from simple static to sophisticated, actively managed solutions. Protection solutions can be structured for equity strategies managed by Amundi or devised for third party managed equity portfolios.

As part of the DNA of Amundi Equities, our wide ESG offering is articulated around four pillars in order to meet your clients’ needs. 

Very Strict Approach to ESG

Global Ecology Strategy

• This strategy has a 30-years track-record and has a long manager tenure (the portfolio manager has remained unchanged since 2003).

• It represents a unique opportunity to gain exposure to growing and sustainable secular trends that are aligned to the 17 UNs Sustainable Development Goals.

• This strategy offers a real ESG exposure, through a truly diversified and comprehensive set of ESG objectives.

• The strict ESG focus has not compromised performance, in fact our portfolio’s long-term track record outperforms both the MSCI World Index and its Morningstar peer group.

Identifying tomorrow’s winners – a unique dynamic approach to ESG

ESG Improvers franchise

• While most would look at ESG integration from a statistic perspective, we launched a process that integrates ESG criteria in a dynamic manner.

• ESG winners are quality companies with attractive valuations and strong ESG ratings, while ESG improvers are corporates portraying a solid fundamental investment case and an improving ESG trend, but not yet an ESG leader. A combination of the two, in our view, will allow investors to benefit from the improvement in ESG ratings before a trend materialises and the premium is established. Hence, it will be important to include both ESG winners and ESG improvers in portfolios.

ESG combined with Income

Equity Sustainable Income Franchise

We see ESG as a source of alpha opportunity. On the positive side, we believe that sustainable business models (the strong ESG stewards) are well positioned to benefit from the structural shift towards ESG friendly investments. ESG conscious companies tend to enjoy less volatility in their profitability and companies with more stable profits have the potential to deliver a more stable and sustainable dividend.

Engagement

Japan

• The structural changes that Japanese corporates have gone through the last several years are a tailwind for the engagement investors like us. Japanese corporates have room to improve on ESG practices, which offers ample room to unlock the value through engagement on ESG angles.

• This is a high conviction based strategy with a focus on qualitythat offers a unique investment solution. We believe that this represents an attractive solution for investors seeking alpha while making a positive ESG impact on Japanese corporates, through their investment.

• We seek companies, which we believe have established mechanisms necessary to deliver growth on a sustainable basis. We try to integrate ESG in a dynamic manner leveraging both global and local ESG specialist resources. We engage directly with companies to help encourage long-term value creation. Our engagement topics are very variable from business strategy to ESG issues as we cover the value creation process.

• Our long investment horizon allows us to take full advantage of building credibility with the companies and seeking to influence the management on the corporate strategy.

France

• The engagement philosophy applied to the France Engagement strategy is to encourage major French companies to improve their ESG practices by leveraging off its position as a shareholder.

• Our approach is based on shareholder dialogue and has a long-term investment horizon. The objective of the strategy is two-fold. First, we aim at improving the analysis of the risks and opportunities facing French companies. In addition, we try to support them in the continuous improvement of their ESG practices through company meetings and to accompany them toward both energy transition and social cohesion strengthening, which are two key themes of the Amundi’s 2021 engagement policy.

• The investment process is based on a combination of both financial and ESG analysis, leveraging off the expertise and experience of Amundi's equity research and ESG analysts. 

¹ Source: Amundi, as of December, 2022.