Amundi Ultra Short Term Bond SRI P C
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General Objective
The fund aims to outperform its benchmark index (80% capitalised ESTER + 20% ICE BofA 1-3 Year Euro Corporate Index) through bond premiums, while incorporating ESG criteria into the security selection process.
Fund Exposure
The fund invests in international interest-rate products, mainly bonds (fixed-rate, indexed variable-rate, subordinated financial securities) issued in euros. It may also invest up to 50% of its assets in debt securities denominated in OECD country currencies, with a residual currency risk of 2%. At least 20% of the portfolio consists of securities with maturities of over 2 years.
Risks
The fund may be exposed to some controversial sectors due to its best-in-class approach, which prioritizes issuers leading in ESG criteria. To mitigate non-financial risks, the fund applies exclusions on certain issuers and engages in dialogue with issuers to improve their ESG practices. Additionally, there is a residual currency risk of 2% due to investments in debt securities denominated in OECD country currencies.