Mobile bank teams up with AM firms for mandate management offering
Mobile bank Fortuneo, part of French financial group Crédit Mutuel Arkéa, has unveiled its new mandate management offering for its life insurance contract Fortuneo Vie.
Fortuneo has partnered with three asset managers (DNCA, Federal Finance Gestion and Allianz GI), for the selection of the funds run into the three mandates proposed (dynamic, moderate and balanced).
Federal Finance Gestion, an investment arm of Crédit Mutuel Arkéa, will be the adviser on the moderate mandates while DNCA and Allianz Global Investors will advise Fortuneo on the balanced and the dynamic mandates respectively.
Fortuneo tallies over 600,000 clients across France, Belgium, Switzerland and Luxembourg.
It has currently €20bn of assets under management.