• The fund invests in fixed income, hybrid and equity securities and/or mutual funds and/or deposit and including any other local and foreign securities. In this regard, the proportion of investment in such securities can be adjusted from 0% - 100% of NAV depending on fund manager’s discretionary and situations. The fund has foreign exposure of not less than 80% of NAV in any accounting period.
• The fund may invest in derivatives for foreign exchange hedging not less than 75% of foreign investment value and may invest in non-investment grade, unrated and unlisted securities not more than 20% of NAV. In addition, the fund may invest in structured notes.
• Amundi Asset Management will be assigned to be the investment manager (outsourced fund manager), which is authorised by the The Autorité des Marchés Financiers (AMF), an ordinary member of International Organizations of Securities Commission (IOSCO).
In addition, Credit Agricole S.A., a bank in France as a parent company of Amundi Asset Management, is responsible as a guarantor of the fund. It has long-term credit rating of A+ by Fitch Ratings and S&P Global Ratings.
Guarantee Conditions by Credit Agricole S.A.
1. The investment amounts after front-end fee (numbers of investment unit * par value 10 Baht/unit) will be guaranteed only if they are hold until maturity date.
If the investment units are redeemed before maturity, they will not be guaranteed and investors will be paid the redemption proceeds at a redemption price on that trading date.
Redemption Proceeds Payment Conditions
| Conditions | Paid Redemption Prices (Baht/unit) |
Case 1
| Investment units are hold until maturity and redemption price at maturity is more than par value. | Redemption price at maturity |
Case 2 | Investment units are hold until maturity and redemption price at maturity is equal to par value. | Par value (10 Baht) |
Case 3
| Investment units are hold until maturity and redemption price at maturity is less than par value. | Par value (10 Baht) |
Case 4
| Investment units are redeemed before maturity | Redemption price on that trading date
|
2. Guarantor reserves the right to invoke the guarantee as following cases;
- Change of outsourced fund manager without guarantor’s consent.
- Change in fund’s investment policy without guarantor’s consent and negatively affects the investment strategy of outsourced fund manager.
- Termination of the fund caused by SEC’s regulation before maturity.
- Change in any laws or regulations in France and/or Thailand which causes the payment under guarantee against such laws and regulations.
3. In case of change in any laws or regulations which negatively affects the performance of invested foreign funds, guaranteed amounts might be changed.
4. In case of new guarantor is required, the management company reserves the right to terminate the fund or invoke the guarantee and change fund name and type of fund to general fund.
5. In case of the guarantor is disqualified from SEC’s regulation, the management company reserves the right to change fund name and type of fund to general fund. However, the investment amounts are still guaranteed according to guarantee agreement between the management company and guarantor.