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Amundi Fds Global Macro Bds & Currencies - AE (C)

Ranked 30 out of 37 in - Global Macro over 36 months
All calculations are in EUR unless stated

Managed by

Cédric Morisseau

Cédric Morisseau says he adopts a top down investment process and aims to diversify risk through the following six risk vectors: modified duration exposure, country allocation, yield curve allocation, swap-spread risk exposure, bond selection and currency allocation. Born in France in 1967, Morisseau earned a Masters in Management from the Paris II Assas University, France and completed a Masters in Political Science at the same university in 1991. He joined Crédit Agricole (now Amundi) in 1994 as an assistant fund manager. He was made senior fund manager in 1997 and is an integral part of the Amundi fixed interest team.

David Ric

David Ric has over 10 years of experience in fixed income markets with a proven track record of global macro investing. He joins Amundi from Blackrock, where he was responsible for rates strategies across institutional total return G10 currency, euro and sterling denominated portfolios. Previously he was a portfolio manager at UBS Global Asset Management and a market specialist for Fisher Francis Trees and Watts. David started his career in 1998 as a financial journalist at Finanz und Wirtschaft Ag in Zurich before joining JP Morgan Chase & Co as a Financial Analyst in 2001. A CFA charter holder, he holds an MSc in Finance from the University of Zurich.

Objective

The objective of the Sub-Fund is to outperform the reference indicator EONIA (Euro Overnight Index Average daily compounded), which is representative of the interest rate of the Euroland (i.e. countries having fully incorporated the euro as their national currency), after taking into account charges. For indication purposes, given the risk budget of the Sub-Fund, the return is expected to be in excess of EONIA + 4% per annum before taking into account charges, over an investment horizon of three years.

Showing fund performance in Singapore View performance globally

Performance

Global Macro over : 31/08/2015 - 31/08/2018
  • Rank 30/37 Total Return
  • Rank 20/37 Standard Deviation
  • Rank 17/37 Max Drawdown
Fund Name Currency Risk
18 AZ Fund 1 Macro Volatility A AZ FUND Acc EUR

5.3

19 Planetarium Fund Anthilia Blue B EUR

5.4

20 Amundi Fds Global Macro Bds & Currencies - AE (C) EUR

5.4

21 M&G Episode Macro EUR T-H Net Acc (Hgd)

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2

22 Ouessant A

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2

Fund Name Currency Loss
15 M&G Episode Macro EUR T-H Net Acc (Hgd)

Currency exposure is hedged

Currency exposure is hedged

EUR

-7.7%

16 Unifond Global Macro, FI EUR

-8.0%

17 Amundi Fds Global Macro Bds & Currencies - AE (C) EUR

-8.2%

18 Candriam Global Alpha I EUR

-8.3%

19 Hedge Invest Sibilla Macro Fund R EUR EUR

-8.4%

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -1.8% -4.2%
2017 0.5% -0.3% 0.0% 1.0% -0.1%
2016 2.9% -0.1% 0.2% 1.4% 1.3%
2015 -5.9% -0.1% -1.3% -4.8% 0.2%
2014 5.0% 2.1% 0.8% 2.3% -0.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/05/2018

Top 10 Holdings

Stock Size
Germany 1.000% 15-Aug-2024 10.22%
GBP Cash 6.76%
Poland 3.250% 25-Jul-2025 5.73%
Portugal 2.875% 15-Oct-2025 4.65%
Mexico 6.500% 09-Jun-2022 4.64%
Germany 0.250% 15-Feb-2027 4.52%
US Treasury 0.500% 15-Jan-2028 4.35%
Amundi Fds Bond Glbl Emerg Hard Currency - OE (C) 3.94%
Portugal 2.875% 21-Jul-2026 3.03%
Amund Fd Bond Global Emerging Blended - OE (C) 2.84%
31/05/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Greece
  8. Ireland
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Spain
  13. Sweden
  14. Switzerland
  15. United Kingdom

Fund Info

  • Launch date27/12/2013
  • Share Class size22Mn
  • Base currencyEUR
  • ISIN LU0996172093

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).