Multi-Asset
One-stop active solution with a broad range of Multi-Asset capabilities, including Allocation Driven, Outcome-Oriented, Responsible Investing capabilities as well as Bespoke Advisory.
We partner with our clients to understand their goals, values and constraints to deliver unique outcomes that match their expectations.
Amundi: a European leader in Multi-Asset investing
Matteo GermanoIn today’s low-yield environment, the need to build more genuinely diversified portfolios is essential to enhance returns and protect against excessive drawdowns. In essence, a holistic approach to Multi-Asset investment is needed. To Amundi, it means ‘looking beyond the traditional approach to diversification’, identifying the risk factors that fundamentally drive asset classes returns and measuring and combining them in an effective way. We see cross assets portfolio as a combination of interrelated components managed towards achieving the portfolios’ investment goals.
Global Head of Multi-Asset
Amundi, a global leading Multi-Asset platform
3 reasons to partner with Amundi Multi-Asset
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€262 Bn1 in Multi-Asset strategies, covering broad range of solutions
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150+ dedicated professionals1 with diverse skill-sets,
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5 Main Hubs: Milan, Paris, Dublin, Munich and Vienna and 5 Local Teams: Hong Kong, Madrid, Prague, Warsaw, Taiwan
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Leveraging on firmwide resources: Research, Investment Experts, Fund Management & Selection, Portfolio Construction
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Fostering independence of mind-set and idea generation to achieve “Effective Diversification”
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Proprietary risk budgeting framework to efficiently allocate risks
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Combination of fundamental input and proprietary cutting edge models
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Fully embedded ESG criteria
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35+ years' experience in advising and managing Multi-Asset portfolios
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€113 Bn1 managed for institutional clients in Multi-Asset Strategies for a diverse client base worldwide including Sovereigns, Pension Funds, Central Banks, Insurance Companies and Corporate
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In-depth understanding of our clients’ regulatory and internal constraints
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€262 Bn1 in Multi-Asset strategies, covering broad range of solutions
-
150+ dedicated professionals1 with diverse skill-sets,
-
5 Main Hubs: Milan, Paris, Dublin, Munich and Vienna and 5 Local Teams: Hong Kong, Madrid, Prague, Warsaw, Taiwan
-
Leveraging on firmwide resources: Research, Investment Experts, Fund Management & Selection, Portfolio Construction
-
Fostering independence of mind-set and idea generation to achieve “Effective Diversification”
-
Proprietary risk budgeting framework to efficiently allocate risks
-
Combination of fundamental input and proprietary cutting edge models
-
Fully embedded ESG criteria
-
35+ years' experience in advising and managing Multi-Asset portfolios
-
€113 Bn1 managed for institutional clients in Multi-Asset Strategies for a diverse client base worldwide including Sovereigns, Pension Funds, Central Banks, Insurance Companies and Corporate
-
In-depth understanding of our clients’ regulatory and internal constraints
Amundi’s Multi-Asset Investment Philosophy
Active Management
A Targeting alpha by seeking cross-asset inefficiencies through a robust research driven approach in a multi-scenario framework.
"Effective" Diversification
Combining low-correlated investment strategies through independent idea generation across different time horizons, skill sets and asset classes.
Risk Management
Actively allocation risk backed by our proprietary risk budgeting system.
4 investment pillars, to diversify risk across independent and low-correlated strategies
I - Macro Strategy
To take into account our view of the world, i.e. our central scenario, across many asset classes.
II - Macro Hedging
To protect against risks associated with alternative scenarios.
III - Satellite Strategies
To grasp opportunities from low-correlated ideas across many asset classes.
IV - Selection Strategies
To generate additional alpha through selection of high quality fund and securities.
Outsourced CIO Solutions
Amundi brings its “real world” investment know-how, advisory expertise, robust research resources and advanced tools to help institutional investors addressing their financial and operational complexity.
OCIO Solutions at Amundi: An ‘A la Carte’ Offer
Amundi’s OCIO offering is modular and complete. We want to be, as an OCIO, along the whole value chain of the client.
Our objective is to perform all the duties of the client’s investment committee/CIO. We can support clients when they design their governance and strategy, when they implement this strategy and all the way until monitoring, and we can help them when they have a duty of board and staff training.
We provide such a complete OCIO offering, as we rely on all the strengths of Amundi. To answer a complex and sophisticated demand from a client, the OCIO is the conductor giving access to Amundi or external experts (Investment Platforms, Manager Selection, Responsible Investing, Alternative & Real Assets, Research, etc.).
Our OCIO’s main objective is to ease our clients’ lives by transforming their challenges into opportunities.
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1.Governance & Strategy
2.Overarching Portfolio Management
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3.Tactical Asset Allocation within an agreed risk budget 4.Portfolio Implementation
5.Monitoring (Risk control & Reporting)
6.Board & Staff Training |
An offer adapted to Institutional Investors' needs and challenges
We have extensive experience in providing OCIO solutions ranging from pure advisory to full investment delegation for various client types, including Pension Funds, Insurance companies, Public entities.
We have been offering OCIO solutions for Crédit Agricole Group companies for more than 30 years and for external clients since 2009.
Our close relationships with these investors provide us an in-depth understanding of the issues they face and the solutions they have adopted.
For each client segment, we have built range of OCIO solutions adapted to their specific needs and challenges
Amundi’s OCIO Offering from pure advisory to full investment delegation
Insurance companies are facing a series of challenges
Amundi’s OCIO offering along insurance companies’ complete value chain
Pension Funds are facing a series of challenges
Amundi’s OCIO offering along pension funds’ complete value chain
Public entities are facing a series of challenges
Amundi’s OCIO offering along public entities’ complete value chain
Amundi OCIO Solutions for Insurance Companies
Insurance companies are facing a series of challenges
Insurance companies are facing a series of challenges
Amundi’s OCIO offering along insurance companies’ complete value chain
Amundi OCIO Solutions for Pension Funds
Pension Funds are facing a series of challenges
Pension Funds are facing a series of challenges
Amundi’s OCIO offering along pension funds’ complete value chain
Amundi OCIO Solutions for Public entities (Sovereigns, Supra & Central Banks)
Public entities are facing a series of challenges
Public entities are facing a series of challenges
Amundi’s OCIO offering along public entities’ complete value chain
Amundi's Multi-Asset strategies
Amundi offers a comprehensive range of Multi-Asset Strategies, from Allocation Driven to Outcome Oriented strategies aiming to shape and meet our clients’ evolving needs and constraints.
Responsible Investing is in Amundi’s DNA, hence ESG is fully embedded within our Multi-asset process. Our Multi-Asset strategies are either Mainstream ESG strategies complying with Amundi’s ESG policy or, Responsible Investing strategies relying on a specific ESG investment framework.
Allocation Driven Strategies
Investors have different investment objectives and different views on the amount of risk they are willing to take in achieving them. Amundi’s teams built a range of portfolios that aims to maximise return for a chosen level of risk.
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Conservative - Low volatility strategy with active management of fixed income risks through dynamic asset allocation, including a limited participation in equities (typically <35%)
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Moderate - Moderate volatility strategy with active management of market risks through dynamic asset allocation and a moderate allocation to equities (35-65% typically)
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Growth - Unconstrained investment approach seeking to deliver equity-like returns, with a dynamic allocation process across a diversified range of asset class , with a strong participation in equity markets (typically >65%)
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Flexible – Unconstrained investment approach with active and flexible allocation across a wide and diversified universe with Equity allocation varying from 0 to 100%.
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Factor Investing – allocating dynamically across assets and factors, seeking to capture long-term growth avoiding traditional benchmark bias.
Outcome Oriented
There is an increasing recognition that outcomes matter more to investors than performance versus a particular index or benchmark. Addressing Amundi’s clients long-term goals is possible thanks to these portfolios:
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Absolute Return, aiming to deliver positive returns regardless of market directions.
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Income, seeking to provide an attractive income potential higher than traditional bond sectors with lower volatility.
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Real Return, seeking to achieve a positive real return across Inflation cycle in the Eurozone.
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Target Risk, aiming to protect permanently (fully or partially) capital, through an active and flexible management with an explicit risk target.
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Risk Premia: extending the opportunity-set to alternative risk premia, harvesting long term market drivers through a liquid and transparent framework.
Responsible Investing Strategies
Our Multi-Asset Responsible Investing strategies can be either based on a global sustainable approach, also known as “Multi-Criteria Approach” or focusing on specific sustainable themes such as social impact and environment.
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Sustainable strategies
- More than 30 years of track-record in managing portfolios based on a high ESG integration, also targeting improved environmental footprint and sustainability profile.
- These strategies offer truly diversified investment solutions across asset classes, through different risk profiles while exhibiting a real exposure to growing trends relying on the environmental and social challenges.
- Our long-term track records exhibit high ratings in terms of performance generation and sustainability profile, buttressing that ESG integration never comes at the cost of performance in our investment approach.
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Social Impact strategy
- An impact investing strategy aiming to deliver measurable impact on social and environmental themes such as Health, Housing, Employment and Sustainable Agriculture, through investments in a selection of non-listed social companies. Our strategy is certified by a French label.
- A highly selective and ethical ESG approach: The social block is combined with “core” investments in a selection of ESG leaders companies in their sectors and excludes controversial activities such as those related to weaponry, coal, tobacco, etc.
- An innovative sharing concept: In addition to the classical capitalization shares, our funds propose sharing shares allowing the investors to donate a part of their annual revenues to the organization of their choice.
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Environmental strategy
- An approach to support the efforts of developing countries in responding to the challenge of climate change. The Paris agreement has made climate action a global commitment to keep global temperature increases well below 2°C above pre-industrial levels.
- A strategy positioned to capture long-term sustainable economic trends, primarily through equities and to invest in future growth drivers (Energy efficiency, water management, disruption, companies with low CO2 emissions and green tech companies).
- A strategy aligned with several UN SDG’s, and with strong commitment regarding low carbon emission investments.
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Sustainable strategies
- More than 30 years of track-record in managing portfolios based on a high ESG integration, also targeting improved environmental footprint and sustainability profile.
- These strategies offer truly diversified investment solutions across asset classes, through different risk profiles while exhibiting a real exposure to growing trends relying on the environmental and social challenges.
- Our long-term track records exhibit high ratings in terms of performance generation and sustainability profile, buttressing that ESG integration never comes at the cost of performance in our investment approach.
-
Social Impact strategy
- An impact investing strategy aiming to deliver measurable impact on social and environmental themes such as Health, Housing, Employment and Sustainable Agriculture, through investments in a selection of non-listed social companies. Our strategy is certified by a French label.
- A highly selective and ethical ESG approach: The social block is combined with “core” investments in a selection of ESG leaders companies in their sectors and excludes controversial activities such as those related to weaponry, coal, tobacco, etc.
- An innovative sharing concept: In addition to the classical capitalization shares, our funds propose sharing shares allowing the investors to donate a part of their annual revenues to the organization of their choice.
-
Environmental strategy
- An approach to support the efforts of developing countries in responding to the challenge of climate change. The Paris agreement has made climate action a global commitment to keep global temperature increases well below 2°C above pre-industrial levels.
- A strategy positioned to capture long-term sustainable economic trends, primarily through equities and to invest in future growth drivers (Energy efficiency, water management, disruption, companies with low CO2 emissions and green tech companies).
- A strategy aligned with several UN SDG’s, and with strong commitment regarding low carbon emission investments.
