Amundi fund merger sees range reduce from 150 to 90 amid Pioneer integraton

Affects €90bn of assets

Natalie Kenway
clock
Amundi merges Luxembourg SICAVs
Image:

Amundi merges Luxembourg SICAVs

Amundi is set to consolidate 150 sub-funds into a streamlined range of 90 vehicles sitting under one Luxembourg SICAV, as it completes the integration of Pioneer Investments.

UniCredit sold Pioneer Investments to Amundi for €3.5bn in December 2016 to create the eighth largest asset manager in the world at the time. In a statement released this morning, Amundi said to complete the integration of Pioneer Investments' strategies into Amundi's own mandates it will merge three Luxembourg flagship vehicles: Amundi Funds, Amundi Funds II (formerly Pioneer Funds) and Amundi SICAV II (fomerly SICAV feeding Pioneer funds).  These will be rationalised to create a singe Luxembourg SICAV, Amundi funds, housing assets of around €90bn. As a result, the number of sub-f...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
Royal London group chief executive Barry O'Dwyer

RLAM AUM shrinks 9% in H1 but sustainable funds remain popular

9% decline in AUM

clock 05 August 2022 • 2 min read
Trustpilot