Amundi is pooling its thematic equities expertise to create a specialised unit which will sit within CPR Asset Management, its wholly-owned subsidiary. CPR AM will be equipped to become market leader within the next years.
CPR AM stands out for its ability to innovate and identify investment themes that generate value across equity markets, for example the CPR Silver Age fund which is based on the theme of ageing. CPR AM will draw on Amundi’s track record in thematic equities, in particular strategies in sectors such as natural resources, gold, M&A-driven themes and those relating to luxury and lifestyle.
This is a natural progression for Amundi, which aims to be world leader in thematic equities and develop new long-term investment solutions for its clients internationally across all investor categories.
Romain Boscher (pictured), Amundi’s Global Head of Equities, says: “CPR AM’s reputation in this space will bolster Amundi’s position in thematic management. We are mobilising all our resources to offer clients a range of innovative and high-performing investment strategies.”
From 30 September 2015, CPR AM will manage all Amundi’s thematic equities funds. The new division, led by Vafa Ahmadi, Head of Thematic Equities and Estelle Ménard, his deputy, will manage over EUR3.6 billion in assets. The initial team will include 10 investment professionals who will be in charge of sustaining and developing Amundi’s existing and future thematic expertise.
Jean-Eric Mercier, Chief Executive Officer of CPR AM, says: “This underlines Amundi’s confidence in CPR AM and its development strategy. Bringing together our portfolio management, marketing and sales teams helps us offer attractive growth prospects to investors.”
