Amundi changes International Sicav fund name
Amundi has changed the name of its Luxembourg based International Sicav to First Eagle Amundi International, reflecting the management role of First Eagle Investment Management.
The fund takes an unconstrained global value approach, with its main objective being capital preservation.
Distributed in Europe since 1996 by Amundi, the fund has some $5bn in AUM. With the name change comes a new commitment to roll out additional sub-funds, also managed by First Eagle, over the coming year.
Laurent Bertiau, deputy head of Institutional & Third Party Distribution and Global head of Sales at Amundi, said: “First Eagle has done a great job in managing this Sicav with continued success. Our clients have enjoyed an outstanding track record4 and a high level of service. First Eagle is also actively helping us to promote the product globally and the change of name associates them more closely with this venture.”
The fund is available in Austria, France, Germany, Greece, Luxembourg, Netherlands, Norway, Spain, Sweden, Belgium, Italy, Portugal, Singapore, Switzerland, Czech Republic and United Kingdom.