Glossary

Amundi Funds
These funds do not guarantee performance and pose a risk of capital loss

Amundi Immobilier
A limited company (Société Anonyme) with share capital of €16,684,660. Portfolio Management Company operating under AMF approval no. GP 07000033. Paris Trade and Companies Register no. 315 429 837.

“Best-in-Class” Approach
An ESG stock-picking strategy that favours the bestrated companies in a given sector from a non-financial standpoint.

CPR AM
A limited company (Société Anonyme) with share capital of €53,445,705. Portfolio Management Company operating under AMF approval no. GP 01.056. Paris Trade and Companies Register no. 399 392 141.

ESG
Environmental, Social and Governance

Fund hosting
Amundi Services provides hosting solutions ranging from the creation of investment vehicles (including UCITS and Alternative Investment Funds) to support for the marketing of expertise, by making its infrastructure available to its clients.

Gates
Redemption thresholds. The level from which the manager of a UCITS can stagger security redemptions instead of redeeming them immediately.

MiFID II
Markets in Financial Instruments Directive II: European directive that came into force in January 2018 and aims to strengthen investor protection vis-à-vis financial institutions, as well as market and transaction transparency.

Multi-Asset
Multi-asset investments provide exposure to a globally diversified group of asset classes and investment styles.

OPCI
An Organisme de Placement Collectif Immobilier or French real estate investment fund.

PRIPs
Packaged Retail Investment Products.

SCPI
A Société Civile de Placement Immobilier or French real estate investment company.

Sicav
A Société d’Investissement à Capital Variable or French open-ended investment company.

Smart beta
A stock market investment strategy that moves away from holding a segment of a market portfolio in order to concentrate on individual subsets of securities that are expected to outperform the market.

Swing pricing
A mechanism designed to protect the interests of fund holders by offsetting the dilutive effect for existing holders by passing on part of the charges to the holders who initiated the incoming and/or outgoing orders.

Tltro
Targeted Long Term Refinancing Operations set up by the Eurosystem

Ucits
Undertakings for Collective Investment in Transferable Securities Directives. A set of measures established by European Union directives to allow investment funds to operate freely in each of the European Union countries, with distribution subject to a minimum of national constraints by governments or local regulators.