ESMA Guidelines on Funds’ Names update

An overview of the changes being implemented

financial specialists working with documents

In May 2024, the ESMA funds’ name guidelines focusing on the use of ESG or sustainability related terms in funds were published. 

The guidelines aim to enhance transparency and prevent greenwashing in investment funds, ensuring that fund names accurately reflect their investment strategies and objectives. The key recommendations are to ensure that fund names:

  • Reflect the investment strategy
  • Avoid misleading names
  • Use terms that represent the investment approach
  • Are consistent across all communications
  • Comply with regulation
  • Consistently review the strategy


To find out more about the guidelines click here

What changes have we made?

At Amundi we decided to use the introduction of these new guidelines to review our active product range and go beyond the recommendations set out in the guidelines. 

There will be two different types of changes implemented. Some of our funds will change their name to clearly declare their nature, while others will adjust their investment policies, notably to comply with the applicable exclusions (CTB/PAB). It’s important to note that some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions

Fund Changes:

Changes are effective from 28 April 2025

Old Name

New Name

Other Changes

Amundi Funds Asia Income ESG Bond

Amundi Funds Asia Bond Income Responsible

Please see Shareholders Notice

Amundi Funds Emerging Markets Green Bond

No name change

Please see Shareholders Notice

Amundi Funds Euro Corporate ESG Bond

Amundi Funds Euro Corporate Bond Select

 

No other changes

Amundi Funds Euro Government Responsible Bond

Amundi Funds Euro Government Bond Responsible 

Please see Shareholders Notice

Amundi Funds European Subordinated Bond ESG

Amundi Funds Euro Subordinated Bond Responsible 

Please see Shareholders Notice

Amundi Funds Global Bond

Amundi Funds Global Government Bond 

 

Please see Shareholders Notice

Amundi Funds Global Corporate ESG Improvers Bond

Amundi Funds Global Corporate Bond Select 

Please see Shareholders Notice

Amundi Funds Global High Yield ESG Improvers Bond

Amundi Funds Global High Yield Bond Responsible 

Please see Shareholders Notice

Amundi Funds Global Total Return Bond

Amundi Funds Global Bond Flexible 

Please see Shareholders Notice

Amundi Funds Impact Euro Corporate Short Term Green Bond 

No name change

Please see Shareholders Notice

Amundi Funds Impact Green Bonds    

No name change

Please see Shareholders Notice

Amundi Funds Net Zero Ambition Global Corporate Bond

Amundi Funds Global Corporate Bond Climate 

Please see Shareholders Notice

Amundi Funds Net Zero Ambition US Corporate Bond

Amundi Funds US Corporate Bond Climate  

Please see Shareholders Notice

Amundi Funds US Corporate Bond

Amundi Funds US Corporate Bond Select 

Please see Shareholders Notice

Amundi Funds Quantitative Global Absolute Return Bond

No name change

Please see Shareholders Notice

Old Name

New Name

Other Changes

Amundi Funds Emerging Markets Equity ESG Improvers

Amundi Funds Emerging Markets Equity Select 

No other changes

Amundi Funds Emerging Europe Middle East and Africa 

No name change

Please see Shareholders Notice

Amundi Funds Euroland Equity Small Cap

Amundi Funds Euroland Equity Small Cap Select 

Please see Shareholders Notice

Amundi Funds European Equity ESG Improvers

Amundi Funds Europe Equity Select

No other changes

Amundi Funds European Equity Green Technology

Amundi Funds Europe Equity Green Technology 

Please see Shareholders Notice

Amundi Funds European Equity Income ESG

Amundi Funds Europe Equity Income Select 

No other changes

Amundi Funds Global Ecology ESG

Amundi Funds Global Equity Responsible 

Please see Shareholders Notice

Amundi Funds Global Equity ESG Improvers

Amundi Funds Global Equity Select

No other changes

Amundi Funds Global Equity Income ESG

Amundi Funds Global Equity Income Select 

No other changes

Amundi Funds Japan Equity Engagement

Amundi Funds Japan Equity Select 

No other changes

Amundi Funds Equity Japan Target

No name change

Please see Shareholders Notice

Amundi Funds Japan Equity Value 

No name change

Please see Shareholders Notice

Amundi Funds Net Zero Ambition Emerging Markets Equity

Amundi Funds Emerging Markets Equity Climate 

Please see Shareholders Notice

Amundi Funds Net Zero Ambition Global Equity

Amundi Funds Global Equity Climate 

Please see Shareholders Notice

Amundi Funds Net Zero Ambition Top European Players

Amundi Funds Europe Equity Climate 

Please see Shareholders Notice

Amundi Funds New Silk Road 

Amundi Funds Emerging Markets Equity Growth Opportunities 

Please see Shareholders Notice

Amundi Funds US Equity ESG Improvers

Amundi Funds US Equity Select

No other changes

Old Name

New Name

Other Changes

Amundi Funds Euro Multi-Asset Target Income

No name change

Please see Shareholders Notice

Amundi Funds Global Multi-Asset Target Income 

No name change

Please see Shareholders Notice

Amundi Funds Multi-Asset Sustainable Future 

Amundi Funds Multi-Asset Conservative Responsible  

Please see Shareholders Notice

Amundi Funds Net Zero Ambition Multi-Asset

Amundi Funds Multi-Asset Climate 

Please see Shareholders Notice

Old Name

New Name

Other Changes

Amundi Funds Real Assets Target Income 

No name change

Please see Shareholders Notice

Frequently Asked Questions:

No, the current cost structure will remain the same.  

No, the ISIN will remain the same. 

Some of our funds will change their name while others may adjust their investment policies (to comply with the applicable exclusions). It’s important to note that some funds have increased their ESG related constraints, but no fund has reduced its Responsible Investment ambitions.

Shareholder notice

Financial specialist reading the shareholder notice

Shareholder notice

To find out more please view our Shareholder notice

Discover more in our article

Source: ESMA Final Report on the Guidelines on Funds' Names; Guidelines on Funds' Names Using ESG or Sustainability-Related Terms.

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 14 March 2025. 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 Asset Management S.A.S. 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.

Date of first use: 14 March 2025

Doc ID: 4293716