Amundi Asset Management

2019 Top 400 ranking: 9http://www.amundi.com

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Amundi

Our Convictions: May 2017

We have repeatedly mentioned how financial markets have tended to overestimate the risks of European elections, underestimate the fears of the Brexit and overestimate hopes on Trump’s economic policy. We can even say that this theme has strongly guided our asset allocation choices and our macro-hedging strategies. Well, here we are…

Market relief was significant, in an environment in which, nevertheless, the negative scenarios were not really ‘predicted’, probably proof of relative serenity in the run-up to the elections, or a sharp underweight on France or a wait-and-see attitude. There was no resolutely hostile stance, despite the race leading the drills of Marine Le Pen, then the disappointments of François Fillon, the rise of Jean-Luc Mélenchon, and finally the fears of a scenario Le Pen - Mélenchon in the second round. Overall, the impact on the French and European markets has been limited.

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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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  • France: The Reform Momentum Stays Alive After The Yellow Vest Crisis

    France: The Reform Momentum Stays Alive After The Yellow Vest Crisis

    White papersThu, 25 Jul 2019

    Other dominant factors within the fixed income environment are the increased role of politics, the still present short-term downside risks regarding the economy, the high level of debt globally, and, moving towards the long term, rising acknowledgment of climate and societal-related risks.

  • Fixed Income Charts And Views

    Fixed Income Charts And Views

    White papersThu, 25 Jul 2019

    A slowdown in global growth, with subdued inflation and dovish central banks (CB) committed to avoiding further economic deceleration, is a trend that, in our view, should remain favourable for bond investors. On one side, this should limit the upside in core bond yields and, on the other, support the credit market, although we are aware that the spread compression in this first part of the year has been very strong and that an increasingly selective approach will be crucial to exploiting ...

  • Revisiting Fixed Income Opportunities After The European Institution Appointments

    Revisiting Fixed Income Opportunities After The European Institution Appointments

    White papersMon, 15 Jul 2019

    The appointment of Christine Lagarde as President of the ECB and Ursula Von der Leyen as President of the European Commission are undoubtedly among the best possible compromises, because these are two women of great experience, both very much in favour of strengthening the European Union. 

  • Amundi Strategy Insight - July 2019

    Amundi Strategy Insight - July 2019

    White papersTue, 9 Jul 2019

    2019 - First semester overview

  • Italy: A Long And Winding Road

    Italy: A Long And Winding Road

    White papersThu, 4 Jul 2019

    Arm-wrestling within the Italian government and between Italy and Brussels to find a solution to the Italian budget and avoid the Excessive Deficit Procedure. After Italy’s exit from a technical recession in H2 2018, economic data are still pointing to weakness, and many risks loom in the second half of this year.

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