Groupama AM strengthens European equity fund soft-closing

The investment arm of French insurer Groupama, Groupama Asset Management, has updated its soft-closing policy regarding its eurozone small-mid cap equity fund Groupama Avenir Euro.

The firm has decided to limit subscriptions of current investors of the fund, whose assets under management have reached €1.4bn, by applying a maximum 10% fee for any additional subscription.

Groupama AM had already soft-closed its strategy to new investors with a similar measure earlier this year.

The manager argued the measure aims to preserve the management and the performance of the Groupama Avenir Euro fund.

Groupama AM had €96.8bn of assets under management as at end of December 2016.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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