Amundi Asset Management

2018 Top 400 ranking: 9http://www.amundi.com

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Amundi

Optimal Allocation in the S&P 600 under Size-Driven Illiquidity

A number of empirical studies have investigated how mutual funds do react to incoming financial resources. As long as liquidity constraints are narrow, fund managers tend to upscale already existing positions without looking for new investment opportunities.

We put forward a model of asset allocation that accounts for market liquidity frictions and recovers the inverse relation between fund size and fund performance. The model prescribes how fund portfolio managers should react as financial resources enter the fund.

Download the complete white paper at the link beneath Related Files

Head Office
90, boulevard Pasteur
Paris
75015
France
Company website:
http://www.amundi.com
Year Founded:
2010
No. of investment offices worldwide:
6

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  • Environmental Social And Governance Proposals And Shareholder Activism

    Environmental Social And Governance Proposals And Shareholder Activism

    White papersFri, 10 May 2019

    This chapter studies shareholder activism through environmental, social and governance (ESG) proposals between 1996 and 2015 filed by social responsible funds (“SRI”).

  • Asset Class Return Forecasts - Q2 - 2019

    Asset Class Return Forecasts - Q2 - 2019

    White papersFri, 10 May 2019

    This document includes the perspective of Amundi on asset returns used to build reference portfolios for our institutional clients. A publication issued annually in February covers the major macro and financial foundations of our views, while this one provides a quarterly update of our medium and long-term expected returns by asset class. 

  • European Equities: What Impacts In The Event Of A Tariff War With The United States?

    European Equities: What Impacts In The Event Of A Tariff War With The United States?

    White papersFri, 3 May 2019

    While the threat of a large-scale Sino-US tariff war appears to be receding, the US could now switch its focus to its trade deficits with the European Union. With this in mind, we wanted to find out which European equities, in terms of country, sector or individual companies, would be hardest hit by a trade conflict.

  • Cross Asset Investment Strategy - May 2019

    Cross Asset Investment Strategy - May 2019

    White papersThu, 2 May 2019

    Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong.

  • Who Will Lead The World Economy?

    Who Will Lead The World Economy?

    White papersThu, 2 May 2019

    When we talk about leadership, we also talk about rivalry… and 2018 was undoubtedly a particularly emblematic year of rivalry, especially between the United States and China, and to some extent, between the United States and Europe.

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