Investor Account Access
Investor access to Shareowner accounts and Closed End Funds accounts.
Tuesday 07 February 2023
February 2023 | The massive inflows into ESG funds in recent years have led to market crowding and potentially unreasonable valuation premiums for “ESG Leaders,” or companies with the highest relative ESG ratings. In the US, that group of companies is disproportionately comprised of asset-light, high-growth companies that were able to embrace ESG policies and related disclosures relatively easily. We believe the shift from growth to value will sustain itself for years, and that by incorporating forward-looking ESG analysis, investors can identify future ESG Leaders—or “ESG Improvers”—in the value side of the US stock market.
01 | As the US economy and society continue to evolve, corporates and asset managers are faced with navigating newer environmental, social and governance (ESG) risks, opportunities, and shifting end-investor preferences.
02 | The adoption of sustainable business practices is growing more rapidly than data can dynamically capture, making it critical for investors to identify companies that strengthen their business models by incorporating sustainable practices.
03 | We believe that shifting ESG analysis from a current, high-level ESG snapshot to a forward-looking, bottom-up approach can help investors identify companies that are positioned to profit in the future from their ESG momentum.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management US (Amundi US) and is as of February 6, 2023. 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 US 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. Amundi Asset Management US is the US business of the Amundi Asset Management group of companies.
Fed Chair Jerome Powell's comments confirmed the Fed is very likely close to the peak in its rate cycle, but he clearly did not endorse the rate cuts currently priced into the market. He struck a balanced tone between maintaining financial stability and stressing the Fed's ongoing fight against inflation. He noted that while the Fed did consider a policy pause, recent stability in financial conditions appeared to have tipped the scales in favor of a hike, and he reiterated that the Fed has the tools to address financial stability risks. Overall, he worked hard to alleviate concerns about the safety of deposits, stating the banking system is safe, and well capitalized.
In 2022, Amundi did more than resist in a difficult context and continued to develop, thanks to the growth drivers of its Ambitions 2025 plan
Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our literature section.
Securities offered through Amundi Distributor US, Inc.
60 State Street, Boston, MA 02109
Underwriter of Pioneer mutual funds, Member SIPC.
Not FDIC insured | May lose value | No bank guarantee Amundi Asset Management US, Inc. Form CRS Amundi Distributor US, Inc. Form CRS