Franco-German asset manager Oddo BHF AM has slightly reviewed the investment policy of its Oddo Patrimoine fund, worth €423.4m of assets under management as of 1 February 2018.
In a note to shareholders, the firm announced that the multi asset fund, launched in 1998, may now invest up to 20% of its net assets in equities of companies of all capitalisations that are headquartered in an OECD member state.
In addition, Oddo Patrimoine may invest a maximum of 10% of its net assets in equities of companies headquartered outside the OECD, in emerging countries. Though, the overall exposure to emerging markets will remain limited to 25% of the fund’s assets.
Also UCIs in which the fund invests shall be managed entirely by management companies of the ODDO BHF group.
All changes have come into force on 2 February 2018.