Wed, 10/01/2018 - 13:28
Amundi has launched a multi factor equity range within its Luxembourg international flagship Amundi Funds SICAV: Amundi Funds Dynamic Multi Factors Euro Equity, Amundi Funds Dynamic Multi Factors Europe Equity and Amundi Funds Dynamic Multi Factors Global Equity.
These sub-funds aim to seek long-term capital growth by applying a Dynamic Multi Factor Allocation process on Eurozone, Europe and Global equity universe, respectively. Amundi writes that it offers investors the opportunity to capture factor risk premia and navigate through equity market cycles.
“Factor Investing is gaining strong traction amongst investors and we are pleased to extend our broad Smart Beta and Factor Investing capabilities. We are convinced that this risk-focused investment philosophy will meet investors’ structural need for robust risk-management through factors, as well as helping them facing the very specific current environment,” says Fannie Wurtz, Managing Director Amundi ETF, Indexing & Smart Beta.
Amundi’s Dynamic Factor Allocation process puts risk management at the core of the strategy, the firm writes. "We believe that the best way to achieve long-term and robust performance is to manage all the different risk dimensions" says Bruno Taillardat, Global Head of Smart Beta and Factor Investing at Amundi. "Once we build consistent and robust factors, the challenge is to allocate among them all along the cycle, as risks evolve over time.”
The investment process is based on three steps. Firstly, factor portfolios are built using Amundi proprietary research capabilities. Factors are then combined using a strategic allocation methodology, where each factor must contribute equally to the portfolio risk profile. The management team implements long-term combination in line with market regime shift periods. In addition, to avoid bias and to tackle valuation risks, the team readjusts tactically among factors. Finally, portfolio guidelines are applied to avoid concentration and limit execution costs.
These Amundi Dynamic Multi Factor Allocation solutions are managed within the Smart Beta and Factor Investing dedicated platform, supported by Thierry Roncalli, Head of Quantitative Research at Amundi, and his teams.
Overall, the Amundi Smart Beta and Factor Investing Solutions platform represents more than EUR19 billion in assets.
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