Amundi registers monetary fund in Spain
Amundi has registered its Amundi 6M on Spain’s Comisión Nacional del Mercado de Valores (CNMV), according to the local trade press.
It is a monetary fund which aims to deliver higher returns compared to traditional monetary funds.
Amundi 6M has a 15-year track record and invests in public and private debt with high investment grade rate of OECD countries, “keeping volatility and duration at very controlled levels.”
The fund actively manages duration and has AUM €3bn.