Good time to enter market, says Amundi

by **Cals** Sat 05 Sep 2015, 00:47

FROM THE EDGE

[size=28]Good time to enter market, says Amundi

By Ahmad Naqib Idris / digitaledge Daily | September 4, 2015 : 10:26 AM MYT

KUALA LUMPUR: French asset manager Amundi Group said now is the right time for investors to enter the market, especially for those seeking long-term returns and capital preservation, despite the dampened economic outlook.

“If you are a long-term investor, this would be a very interesting time to enter the market,” said Amundi Singapore Ltdchief executive officer Jenny Sofian, noting that it is very difficult to time the market.

She was speaking at a press conference yesterday following the launch of Amundi's two inaugural wholesale feeder funds, namely Amundi Bond Global Aggregate Fund and Amundi International Fund.

The launch of the funds marked the asset management company's venture into the retail distribution market in Malaysia.

“We are expanding to include dedicated local sales and client-servicing professionals to support our distribution partners,” said Amundi Malaysia Sdn Bhd managing director Roslina Abdul Rahman.

The funds are aimed at sophisticated investors, particularly high-net-worth individuals, with a net worth of at least RM3 million.

Rosline explained that the funds are catered for sophisticated investors that could weather different investment cycles and time horizons, especially for those seeking consistent returns that could hedge against inflation.

Established in 2008, Amundi Malaysia is currently managing some US$5 billion in assets for sovereign and institutional clients. Amundi Malaysia is a subsidiary of Amundi Group, which has a presence in almost 30 countries, with a total asset under management of over US$1.1 trillion (RM4.65 trillion) globally.

This article first appeared in digitaledge Daily, on September 4, 2015.
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