About the Strategy
Amundi US Aggregate Core Strategy seeks to add value relative to a broad market index such as the Bloomberg US Aggregate by focusing on bond selection and sector rotation with limited duration exposure relative to the benchmark.
Benchmark
Bloomberg US Aggregate Index
Inception Date
April 1, 1997
Vehicles
Separate Account
Our Amundi US Aggregate Core Strategy will typically hold lower allocations to government bonds and higher allocations to the non-government sectors (corporate bonds, agency mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, and non-agency mortgage-backed securities) relative to the Bloomberg US Aggregate index. This is for two reasons (1) The non-government sectors offer a yield spread advantage that is typically significant even after adjusting for credit and prepayment risk (2) The greater variety of securities in the non-government sectors may provide greater opportunities for adding value through identifying undervalued and overvalued securities. The Amundi US Aggregate Core Strategy is appropriate for investors seeking actively managed broad US high quality fixed income exposure.
Overview
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Low exposure to macro factor risk (duration, curve, volatility)
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Focus on investment grade securities
PLEASE NOTE: The Internal Guidelines referenced do not necessarily represent prospectus / statutory limitations.These internal guidelines are used as guidance in the daily management of the Portfolio's investments. the Portfolio's exposures, limitations, and / or risks.
Why Amundi US?
A strong fixed income investment culture focused on sound, fundamental research drives the management of the Amundi US Aggregate Core Strategy. Key features of the Strategy include:
- We offer flexibility to meet client needs. Our investment process allows us to manage to custom guidelines and objectives.
- The lead Portfolio Manager has managed the Strategy since inception (1997). He is supported by sector teams covering all the sectors in the investment universe.
- A decisive and nimble portfolio management process can allow us to take advantage of market opportunities that are too small for larger US fixed income managers.
- We focus on security selection and sector rotation, which we expect to provide more competitive excess returns than more macro/top-down strategies.
Portfolio Management
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Jonathan Duensing, CFA Senior Managing Director |
Tim Rowe Managing Director |
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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.