Amundi Funds Emerging Markets Green Bond
Fortifying your potential income while making a positive impact to the world
Compelling Yield Opportunities from EM Bonds
Engaging with Green Finance Projects
Seizing the Opportunities in Global ESG Megatrends
Monthly Income Distribution Share Classes Available
The fund invests mainly in a diversified portfolio of "Emerging Markets Green Bonds" (as defined in the offering documents) denominated in USD or other OECD currencies.
Investing in this fund may expose investors to risk associated with Emerging Markets Green Bonds, exchange/currency risk, emerging markets and concentration risks. The fund may invest in debt securities, high yield and unrated bonds, other investments including but not limited to convertible bonds, asset backed securities (ABS) and mortgage backed securities (MBS), which may be subject to default, interest rate, credit rating risks, volatility and liquidity risk. The fund may also expose to sovereign debt risk, and risk of investment in ABS / MBS.
The fund may use financial derivative instruments (FDI) for hedging, efficient portfolio management and as a way to gain exposure (long or short) to various assets, markets or other investment opportunities. FDI exposure may involve additional risks such as credit/counterparty risk, volatility and liquidity risk, valuation risk and over-the-counter transaction risk. The fund may be leveraged and suffer losses from its FDI usage.
As RMB is not freely convertible, the investment in RMB classes may be adversely affected by the fluctuation in the exchange rate between RMB and other foreign currencies and the liquidity of RMB at the relevant time. In case of sizable redemption requests for the RMB classes, the Manager has the absolute discretion to delay any payment of redemption requests from the RMB classes.
For distribution class, the fund may at its discretion determine to pay dividends out of income or capital or effectively out of capital of the fund. Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the fund’s capital or payment of dividends effectively out of the fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share of the fund.
The value of the fund can be volatile and could go down substantially. Investors may suffer losses.
Investors should not only base on this marketing material alone to make investment decisions.
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Amundi HK website
English
Green bonds are “regular bonds” aimed at funding projects with positive environmental and/or climate benefits issued by either public or private sector entities. The issuance of green bonds should follow the Green Bond Principles, a voluntary framework published by the International Capital Market Association (ICMA).
Compelling yield potential compared with other fixed income instruments
Building an inflation-resilient portfolio with Emerging Markets bonds
Global Market Yields and Volatilities Comparison across Various Asset Classes
EM High Yield
Asia High Yield
Europe High Yield
High Yield Bonds
IG/ Corps Bonds
US Treasury
Yields as of end July 2022
4.64%
9.33%
14.84%
US High Yield
Global High Yield
Volatilities
1 year rolling
9.98%
5.83%
6.61%
7.67%
7.34%
6.67%
7.35%
4.32%
6.07%
5.63%
2.37%
7.08%
4.32%
4.59%
2.59%
EM Corporates
Asia Corporates
Europe Corporates
US Corporates
Global Aggregate
3.81%
6.74%
2.67%
US Treasury 10Y
EM Bonds Performance during Inflationary Periods
US IG
US HY
J.P. Morgan GEM Core Index*
10%
8%
6%
4%
2%
0% -2% -4% -6%
-0.9%
Deflationary Regime
Normal
Inflationary Regime
-5.6%
-1.4%
-1.7%
-1.9%
3.6%
3.9%
8.7%
7.7%
A rapid growing universe that cannot be ignored
Proven compatibility of
green investing and performance
Geographical Breakdown*
Sector Breakdown*
Credit Rating Breakdown*
40%
30%
20%
10%
0%
2.94%
AA
A
BBB
BB
B
CCC
NR
29.29%
2.87%
0.18%
7.50%
8.97%
35.79%
Fund Details
Fund Details
Portfolio Breakdown in July 2022
Portfolio Breakdown in July 2022
Why Amundi?
Why Amundi?
EM Bond Index
EM Green Bond Index
115
12/16
EM Green Bond Index versus EM Bond Index
06/18
06/20
12/21
New Issuance
Cumulative Issuance
Expon. Curve (Cumulative Issuance)
1600
1200
800
400
0
2015
2016
2017
2018
2019
2020
2021
91
39
168
77
281
113
419
138
627
208
861
234
1,371
510
Green Bonds Issuance
Proceeds are used to finance green projects which may cover the following area(s):
$bn
Factsheet
Leaflet
Prospectus
Product Key Facts
(The fund aims to provide monthly dividends, dividend payment is not guaranteed and may be paid out from capital)
Important note 5
Factsheet
Leaflet
Prospectus
Product Key Facts
Factsheet
Leaflet
Prospectus
Product Key Facts
Factsheet
Leaflet
Prospectus
Product Key Facts
2000
1500
1000
500
0
2021
2022
2023
2024
2025
2026
2027
2020
92
39
170
78
285
116
425
140
631
206
866
235
1,382
516
1,488
106
USD billion
1600
1200
400
0
2016
2017
2018
2019
2020
2021
2022
2015
07/2019
07/2020
07/2021
07/2022
40%
30%
20%
10%
0%
2.94%
AA
A
BBB
BB
B
CCC
NR
29.29%
2.87%
0.18%
7.50%
8.97%
35.79%
1500
Factsheet
Leaflet
Prospectus
Product Key Facts
(Aims to provide monthly dividends, dividend payment is not guaranteed and may be paid out of capital)
Important note 5
1
SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
100
110
90
80
120
110
100
90
105
95
85
800
