About the Strategy
Amundi US Agency MBS Short Duration Strategy is a true short duration strategy as it actively seeks to reduce interest rate risk. The goal of the Strategy is to capture the excess spread that agency mortgage-backed securities offer relative to Treasury and swap rates target competitive results by holding mostly agency mortgage-backed securities with small allocations to commercial mortgage-backed securities and asset-backed securities.
Benchmark
ICE BofA US 3-Month Treasury Bill Index
Inception Date
April 1, 1992
Vehicles
Separate Account
We believe the Strategy's focus on agency mortgage-backed securities and AAA-rated securitized credit make it suitable for institutional investors seeking high credit quality and short-term liquidity.
Overview
- Targets consistent results while seeking high credit quality, low interest rate risk and liquidity
- Consists of mostly agency mortgage-backed securities with allocations to AAA commercial mortgage-backed securities and asset-backed securities
- Expected average credit quality of AAA
- Positions are hedged to short duration with a goal of capturing the excess spread that agency mortgage-backed securities offer relative to Treasury and swap rates
- Seeks to achieve excess returns derived primarily from active security selection and sector allocation
Why Amundi US?
A strong investment culture focused on sound, fundamental research drives the management of the Amundi US Agency MBS Short Duration Strategy. Key features of the Strategy include:
- The Strategy is a true short duration strategy as it seeks to reduce interest rate risk.
- The focus on agency mortgage-backed securities and AAA-rated securitized credit is appropriate for institutional investors seeking high credit quality and short-term liquidity.
- Strategy has been managed since 1992 (over 25 years).
Portfolio Management
|
Tyler Patla Senior Vice President |
Rob Aufdenspring, CFA Senior Vice President |
Steve Bernhardt Vice President |
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This information is exclusively intended for “Professional” investors within the meaning Directive 2014/65/EU of the European Parliament and the Council of 15 Many 2014 on Markets in Financial Instruments (as amended) (MIFID II). It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act. This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”). Investing involves risks. The performance of the strategies is not guaranteed. Past performance does not predict future results. Investors may lose all or part of the capital originally invested. There is no guarantee that ESG considerations will enhance a strategy’s performance. The decision of investors to invest in the promoted strategies should take into account all characteristics of objectives of the strategies. All investors should seek professional advice prior to any investment decision, in order to determine the risks associated with the investment and its suitability. Amundi assumes no liability, either direct or indirect, resulting from the use of any of the information contained in this document, and shall not under any circumstances be held liable for any decisions taken on the basis of this information. This information may not be copied, reproduced, modified, translated or distributed, without the prior written approval of Amundi. This information is provided to you based on sources that Amundi considers to be reliable at the date of publication, and it may be modified at any time without prior notice.