CPR AM strikes distribution deal with Allfunds Bank
CPR Asset Management, the thematic center of French asset manager Amundi, has reached a distribution agreement with Allfunds Bank Group for the distribution of over 30 funds on Allfunds Bank and Allfunds International platforms.
Funds available include CPR Invest – Global Silver Age and CPR Invest – Global Disruptive Opportunities for thematic equities; the range of CPR Croissance funds for multi-asset; CPR Global Equity All Regime for multi-factor; CPR Global Inflation US for pure inflation; CPR Credixx Invest Grade for the manager’s credit range among others.
The deal with Allfunds Bank Group platforms aims to increase CPR AM’s visibility globally as Allfunds Bank remains among largest fund distribution platforms in Europe with over €250bn in assets under administration.
CPR AM has recorded more than €770m net new inflows outside France over 2017. It has set a target to reach €50bn in assets under management, with half of inflows generated internationally. As at end of December 2017, the firm had €46bn in AUM.
Gilles Cutaya, chief marketing and communications officer at CPR AM, said: “We are delighted to partner with Allfunds Bank, a group renowned for the quality of its services and solutions it offers to professional investors worldwide. This agreement marks a significant step in the international development of CPR AM, as it will enhance our ability to offer our flagship strategies to investors globally.”