EQ
AMUNDI INDEX MSCI NORTH AMERICA ESG BROAD CTB - AE (C)
AE(C) - LU0389812347
YTD
As of 03/13/2025
-11.16%
Risk IndicatorThe level of risk of the fund mainly reflects the risk of the market in which the fund is invested and, as the case may be, the leveraging strategy or inverse performance of the index. The capital initially invested does not benefit from any guarantee. The current level of risk does not indicate the future level of risk and may change over time. The lowest risk level is not equal to a risk-free investment.
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The risk indicator assumes you keep the product according to the holding period.
NAV
As of 03/13/2025
€689.63
Fund AUM
As of 03/13/2025
€1.26B
SFDR ClassificationClassifying as an Article 8 fund under SFDR (Sustainable Finance Disclosure Regulation), the fund promotes environmental or social characteristics, but does not have as its objective a sustainable investment. Please refer to the Amundi Responsible Investment Policy and the Amundi Sustainable Finance Disclosure Statement available at https://about.amundi.com/legal-documentation. The decision of the investor to invest in the promoted fund should take into account all the characteristics or objectives of the fund. There is no guarantee that ESG considerations will enhance a fund’s investment strategy or performance.
Art. 8
Morningstar RatingOverall Morningstar Rating for AMUNDI INDEX MSCI NORTH AMERICA ESG BROAD CTB - AE (C) as of 02/28/2025
★★★☆☆
The objective of this Sub-Fund is to track the performance of MSCI North America ESG Broad CTB Select Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The Sub-Fund aims to achieve a level of tracking error of the Sub-Fund and its index that will not normally exceed 1%.

NAVs

Portfolio Analysis

Repartition 02/28/2025
Main Lines in Portfolio (Source: Amundi)Geographical breakdown (Source: Amundi)
% of assets (Index)
APPLE INC6.49%
NVIDIA CORP5.71%
MICROSOFT CORP5.26%
AMAZON.COM INC3.58%
ALPHABET INC CL C2.63%
META PLATFORMS INC-CLASS A2.29%
BROADCOM INC1.56%
TESLA INC1.46%
ELI LILLY & CO1.45%
MASTERCARD INC-CL A1.38%
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Result per page

Management commentary

Effective date: 02/28/2025The American economy remains resilient, but mixed growth signals, persistent inflation, and a cautious approach from the Federal Reserve (Fed) cloud the outlook.
Economic growth indicators were mixed in February. The ISM manufacturing index recorded a slight improvement, reaching 50.9, while the ISM services index fell to 52.8. The composite PMIs for February dropped to 50.4, their lowest level since September 2023. The labor market remains strong, with an increase in non-farm jobs, although this was below expectations, and the unemployment rate decreased to 4%. However, consumer sentiment has been affected, reaching a seven-month low, while inflation expectations have risen significantly, indicating that consumers expect price increases in the near future. Retail sales recorded a significant decline, the largest in two years, but this does not necessarily reflect a fundamental change in consumer behavior, as this correction follows a period of substantial increases. Furthermore, the construction sector shows signs of weakness, with a marked drop in housing starts (-8.4% month-on-month), due to weather conditions and high mortgage rates.
Inflation in the United States exceeded expectations, with a rise of +0.5% in January and +3% year-on-year, while core inflation also accelerated (+0.4% monthly; +3.3% annually). The combination of strong wage growth and rising inflation expectations is being closely monitored by the Fed. The FOMC has adopted a wait-and-see stance, keeping interest rates unchanged as inflation decreases at a slower pace than expected and the impact of the new Trump administration's decisions remains uncertain. Chairman Powell emphasized that the Fed is not in a hurry to cut rates. The current monetary policy is considered restrictive, and the market anticipates rate cuts in the second half of 2025.

Characteristics

General data

Inception date
06/29/2016
Currency
EUR
Legal structure
Company With Variable Capital (SICAV)
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Codification

ISIN code
LU0389812347
Bloomberg code
CAINACC LX
Reuters code
LP65136800
Valuation
Daily
Minimum initial investment
1 thousandth unit(s)/share(s)
Minimum additional investment
1 thousandth unit(s)/share(s)

Costs Composition

One-off costs upon entry or exitIf you exit after 1 year
Entry costsThis includes distribution costs of 4.50% of amount invested. This is the most you will be charged. The person selling you the product will inform you of the actual charge.Up to €450.00
Exit costsWe do not charge an exit fee for this product, but the person selling you the product may do so.€0.00
Ongoing costs taken each year
Management fees and other administrative or operating costs0.30% of the value of your investment per year. This percentage is based on actual costs over the last year.€28.65
Transaction costs0.04% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.€3.40
Incidental costs taken under specific conditions
Performance feesThere is no performance fee for this product.€0.00

Documents

Documentation

CategoryLanguageDocumentsClosing Date
Prices expressed in a currency other than the base currency of the portfolio are available for information purposes only.
Nothing contained in this site constitutes a solicitation or offer by any member of the Amundi to provide any investment advice or service or to purchase or sell any financial instruments. The information it contains aims to inform the subscriber by providing information on the UCITS supplemental to that appearing in the Information Memorandum. The material provided on this site is presented as of the date shown and "as is". Amundi does not expressly or impliedly warrant the accuracy of the information provided on this site and expressly disclaims any warranties of fitness of this site for any particular purpose. This material reflects the opinion of the management company at the date of printing. The material is based upon information that we consider reliable, but we do not represent it is accurate, complete, valid or timely and it should not be relied on as such for any particular purpose. Any subscription should be based solely on the Information Memorandum provided to subscribers prior to the subscription and/or available upon request.

Institutional Sub-Class (Sub-Class I): Shares of this sub-class are only available to institutionals subscribing for their own account or within the framework of a collective savings or any comparable scheme, as well as UCITS. As such this Sub-Class benefits from the reduced "taxe d abonnement" of 0,01%. The minimum investment in this Sub-Class is USD 500,000.
Classic Sub-Class (Sub-Class C): Share of this sub-class are available to all investors. There is no minimum investment requirement in this sub-class.
Source : Amundi

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